Traders sold shares of State Bank Financial Corp. (NASDAQ:STBZ) on strength during trading hours on Tuesday after an insider sold shares in the company. $0.55 million flowed into the stock on the tick-up and $27.32 million flowed out of the stock on the tick-down, for a money net flow of $26.77 million out of the stock. Of all companies tracked, State Bank Financial Corp. had the 0th highest net out-flow for the day. State Bank Financial Corp. traded up $0.05 for the day and closed at $25.30Specifically, Director John D. Houser sold 5,073 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $25.01, for a total value of $126,875.73. Following the completion of the sale, the director now directly owns 44,201 shares in the company, valued at $1,105,467.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert H. Mcmahon sold 1,000 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $25.30, for a total value of $25,300.00. Following the completion of the sale, the director now owns 4,300 shares of the company’s stock, valued at $108,790. The disclosure for this sale can be found here. 6.31% of the stock is owned by corporate insiders.

STBZ has been the subject of a number of recent research reports. Hovde Group downgraded State Bank Financial Corp. from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $25.00 to $24.50 in a report on Friday, October 28th. Zacks Investment Research downgraded State Bank Financial Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Stephens downgraded State Bank Financial Corp. from an “overweight” rating to an “equal weight” rating in a report on Friday, July 29th. Finally, FBR & Co increased their price objective on State Bank Financial Corp. from $24.00 to $24.50 and gave the company an “outperform” rating in a report on Friday, July 29th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. State Bank Financial Corp. has an average rating of “Hold” and an average price target of $23.00.

The firm has a market capitalization of $911.28 million, a PE ratio of 19.19 and a beta of 0.81. The firm has a 50 day moving average price of $23.19 and a 200 day moving average price of $22.09.

State Bank Financial Corp. (NASDAQ:STBZ) last announced its earnings results on Thursday, October 27th. The financial services provider reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate 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%. Analysts predict that State Bank Financial Corp. will post $1.33 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Monday, December 5th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.20%. State Bank Financial Corp.’s dividend payout ratio (DPR) is presently 42.11%.

Hedge funds have recently made changes to their positions in the company. Phocas Financial Corp. boosted its stake in shares of State Bank Financial Corp. by 6.5% in the third quarter. Phocas Financial Corp. now owns 497,071 shares of the financial services provider’s stock worth $11,333,000 after buying an additional 30,305 shares during the period. Banc Funds Co. LLC boosted its stake in shares of State Bank Financial Corp. by 1.4% in the third quarter. Banc Funds Co. LLC now owns 1,774,045 shares of the financial services provider’s stock worth $40,484,000 after buying an additional 25,000 shares during the period. Otter Creek Advisors LLC boosted its stake in shares of State Bank Financial Corp. by 20.0% in the third quarter. Otter Creek Advisors LLC now owns 357,872 shares of the financial services provider’s stock worth $8,167,000 after buying an additional 59,737 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of State Bank Financial Corp. during the third quarter worth about $5,312,000. Finally, Citadel Advisors LLC boosted its stake in shares of 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 worth $364,000 after buying an additional 513 shares during the period. 82.77% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this report on another publication, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this report can be read at https://www.thecerbatgem.com/2016/11/24/traders-sell-shares-of-state-bank-financial-corp-stbz-on-strength-after-insider-selling.html.

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

Receive News & Stock Ratings for State Bank Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for State Bank Financial Corp. and related stocks with our FREE daily email newsletter.