Analysts Set State Bank Financial Corp. (STBZ) Price Target at $23.25
State Bank Financial Corp. (NASDAQ:STBZ) has received a consensus recommendation of “Hold” from the six research firms that are presently covering the firm. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $23.25.
A number of analysts have recently commented on the stock. FBR & Co boosted their price objective on shares of State Bank Financial Corp. from $24.00 to $24.50 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Stephens lowered shares of State Bank Financial Corp. from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 29th. Finally, Zacks Investment Research downgraded shares of State Bank Financial Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th.
Institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas increased its position in shares of State Bank Financial Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 5,011 shares of the financial services provider’s stock worth $102,000 after buying an additional 610 shares during the last quarter. Legal & General Group Plc increased its position in State Bank Financial Corp. by 27.2% in the first quarter. Legal & General Group Plc now owns 6,035 shares of the financial services provider’s stock valued at $121,000 after buying an additional 1,291 shares in the last quarter. BlackRock Inc. increased its position in State Bank Financial Corp. by 241.3% in the second quarter. BlackRock Inc. now owns 8,532 shares of the financial services provider’s stock valued at $174,000 after buying an additional 6,032 shares in the last quarter. National Investment Services Inc. WI bought a new position in State Bank Financial Corp. during the second quarter valued at approximately $254,000. Finally, Citadel Advisors LLC bought a new position in State Bank Financial Corp. during the second quarter valued at approximately $314,000. Institutional investors and hedge funds own 81.92% of the company’s stock.
Shares of State Bank Financial Corp. (NASDAQ:STBZ) opened at 22.20 on Wednesday. The company has a market capitalization of $795.25 million, a P/E ratio of 17.77 and a beta of 0.89. The firm has a 50-day moving average of $22.67 and a 200-day moving average of $21.47. State Bank Financial Corp. has a one year low of $17.34 and a one year high of $23.73.
State Bank Financial Corp. (NASDAQ:STBZ) last announced its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.06. State Bank Financial Corp. had a net margin of 22.73% and a return on equity of 8.47%. Equities research analysts expect that State Bank Financial Corp. will post $1.32 EPS for the current fiscal year.
State Bank Financial Corp. Company Profile
State Bank Financial Corporation is a bank holding company for State Bank and Trust Company (the Bank). The Bank is a Georgia-based state-chartered bank. The Company offers a range of community banking services to individuals and businesses within its markets. Its product line includes loans to small and medium-sized businesses (SMBs), residential and commercial construction and development loans, commercial real estate loans, farmland and agricultural production loans, residential mortgage loans, home equity loans, and consumer loans.
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