A number of other research analysts have also recently commented on the company. Gabelli cut State Bank Financial from a buy rating to a hold rating in a research note on Tuesday, May 15th. SunTrust Banks cut State Bank Financial from a buy rating to a hold rating in a research note on Monday, May 14th. Zacks Investment Research cut State Bank Financial from a buy rating to a hold rating in a research note on Thursday, May 3rd. FIG Partners restated an outperform rating on shares of State Bank Financial in a research note on Thursday, April 26th. Finally, BidaskClub upgraded State Bank Financial from a buy rating to a strong-buy rating in a research note on Tuesday, April 24th. Seven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $34.00.
State Bank Financial opened at $33.34 on Wednesday, according to Marketbeat. The company has a market capitalization of $1.31 billion, a PE ratio of 22.84, a PEG ratio of 1.14 and a beta of 0.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.89 and a quick ratio of 0.87. State Bank Financial has a 52 week low of $24.90 and a 52 week high of $34.43.
State Bank Financial (NASDAQ:STBZ) last released its earnings results on Thursday, April 26th. The financial services provider reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.04). The firm had revenue of $65.32 million during the quarter, compared to analysts’ expectations of $65.25 million. State Bank Financial had a net margin of 19.79% and a return on equity of 9.78%. research analysts expect that State Bank Financial will post 2.19 earnings per share for the current fiscal year.
In related news, CFO Sheila Ray acquired 3,300 shares of the stock in a transaction on Wednesday, February 28th. The stock was acquired at an average price of $29.50 per share, for a total transaction of $97,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.43% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in State Bank Financial during the first quarter valued at $106,000. Stratos Wealth Partners LTD. purchased a new position in State Bank Financial during the first quarter valued at $106,000. Ladenburg Thalmann Financial Services Inc. raised its stake in State Bank Financial by 15,144.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,811 shares of the financial services provider’s stock valued at $114,000 after buying an additional 3,786 shares during the last quarter. Meeder Asset Management Inc. raised its stake in State Bank Financial by 57.3% during the first quarter. Meeder Asset Management Inc. now owns 4,982 shares of the financial services provider’s stock valued at $150,000 after buying an additional 1,814 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in State Bank Financial during the fourth quarter valued at $154,000. Institutional investors and hedge funds own 79.62% of the company’s stock.
State Bank Financial Company Profile
State Bank Financial Corporation operates as the bank holding company for State Bank and Trust Company that provides various community banking services to individuals and businesses. The company's deposit products and services include checking, commercial operating, savings and money market, and individual retirement accounts, as well as short- to longer-term certificates of deposit, commercial and consumer demand deposit, and savings and time deposit products.
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