State Bank Financial Corp. (NASDAQ:STBZ) has earned an average rating of “Hold” from the seven analysts that are currently covering the stock. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $23.67.

A number of brokerages have recently commented on STBZ. FBR & Co lifted their price target on shares of State Bank Financial Corp. from $24.00 to $24.50 and gave the stock an “outperform” rating in a research note 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. Hovde Group lowered shares of State Bank Financial Corp. from an “outperform” rating to a “market perform” rating and cut their target price for the company from $25.00 to $24.50 in a research report on Friday, October 28th. Finally, Zacks Investment Research lowered shares of State Bank Financial Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th.

In related news, Director John D. Houser sold 5,073 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $25.01, for a total value of $126,875.73. Following the completion of the transaction, the director now owns 44,201 shares of the company’s stock, valued at approximately $1,105,467.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.31% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STBZ. US Bancorp DE increased its position in State Bank Financial Corp. by 3.1% in the third quarter. US Bancorp DE now owns 5,351 shares of the financial services provider’s stock valued at $123,000 after buying an additional 159 shares during the period. BlackRock Inc. increased its position in State Bank Financial Corp. by 4.3% in the third quarter. BlackRock Inc. now owns 8,896 shares of the financial services provider’s stock valued at $203,000 after buying an additional 364 shares during the period. Citadel Advisors LLC increased its position in State Bank Financial Corp. by 3.3% in the third quarter. Citadel Advisors LLC now owns 15,939 shares of the financial services provider’s stock valued at $364,000 after buying an additional 513 shares during the period. Teacher Retirement System of Texas increased its position in 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 valued at $102,000 after buying an additional 610 shares during the period. Finally, BlackRock Group LTD increased its position in State Bank Financial Corp. by 1.5% in the third quarter. BlackRock Group LTD now owns 40,695 shares of the financial services provider’s stock valued at $929,000 after buying an additional 621 shares during the period. 82.77% of the stock is owned by institutional investors and hedge funds.

Shares of State Bank Financial Corp. (NASDAQ:STBZ) opened at 25.07 on Wednesday. The stock’s 50 day moving average is $22.97 and its 200 day moving average is $21.97. The stock has a market cap of $899.09 million, a PE ratio of 18.94 and a beta of 0.81. State Bank Financial Corp. has a 52-week low of $17.34 and a 52-week high of $25.86.

State Bank Financial Corp. (NASDAQ:STBZ) last announced its quarterly earnings results on Thursday, October 27th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. State Bank Financial Corp. had a net margin of 24.14% and a return on equity of 8.97%. Equities research analysts forecast that State Bank Financial Corp. will post $1.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Investors of record on Monday, December 5th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, December 1st. State Bank Financial Corp.’s dividend payout ratio is currently 42.11%.

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.

5 Day Chart for NASDAQ:STBZ

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