BidaskClub upgraded shares of State Bank Financial Corporation. (NASDAQ:STBZ) from a strong sell rating to a sell rating in a report published on Saturday morning.

Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods reissued a hold rating and set a $30.00 target price on shares of State Bank Financial Corporation. in a research note on Thursday, July 27th. Zacks Investment Research cut State Bank Financial Corporation. from a buy rating to a hold rating in a research note on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. State Bank Financial Corporation. currently has a consensus rating of Hold and a consensus price target of $28.63.

Shares of State Bank Financial Corporation. (STBZ) traded up 0.45% on Friday, reaching $26.79. 28,949 shares of the company’s stock were exchanged. State Bank Financial Corporation. has a one year low of $21.15 and a one year high of $28.38. The firm has a market cap of $1.02 billion, a PE ratio of 20.58 and a beta of 0.97. The company has a 50 day moving average price of $26.94 and a 200 day moving average price of $26.54.

State Bank Financial Corporation. (NASDAQ:STBZ) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $56.95 million during the quarter, compared to analysts’ expectations of $54.83 million. State Bank Financial Corporation. had a return on equity of 8.40% and a net margin of 22.61%. Analysts expect that State Bank Financial Corporation. will post $1.45 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, September 5th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.09%. State Bank Financial Corporation.’s payout ratio is presently 42.75%.

In other news, insider Bradford L. Watkins sold 7,000 shares of State Bank Financial Corporation. stock in a transaction on Monday, August 14th. The stock was sold at an average price of $27.01, for a total value of $189,070.00. Following the completion of the sale, the insider now directly owns 81,190 shares of the company’s stock, valued at $2,192,941.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David Caulkins Brown sold 1,500 shares of State Bank Financial Corporation. stock in a transaction on Monday, August 21st. The shares were sold at an average price of $26.10, for a total value of $39,150.00. Following the completion of the sale, the executive vice president now directly owns 53,291 shares of the company’s stock, valued at $1,390,895.10. The disclosure for this sale can be found here. Insiders sold 8,600 shares of company stock valued at $230,916 over the last ninety days. Insiders own 4.65% of the company’s stock.

Several large investors have recently modified their holdings of STBZ. Alps Advisors Inc. boosted its stake in shares of State Bank Financial Corporation. by 0.3% in the second quarter. Alps Advisors Inc. now owns 18,173 shares of the financial services provider’s stock worth $493,000 after buying an additional 47 shares during the last quarter. Sei Investments Co. boosted its stake in shares of State Bank Financial Corporation. by 3.3% in the first quarter. Sei Investments Co. now owns 3,869 shares of the financial services provider’s stock worth $101,000 after buying an additional 122 shares during the last quarter. US Bancorp DE boosted its stake in shares of State Bank Financial Corporation. by 5.1% in the second quarter. US Bancorp DE now owns 5,200 shares of the financial services provider’s stock worth $141,000 after buying an additional 252 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of State Bank Financial Corporation. by 1.3% in the second quarter. HighTower Advisors LLC now owns 52,593 shares of the financial services provider’s stock worth $1,426,000 after buying an additional 658 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of State Bank Financial Corporation. by 8.2% in the second quarter. Legal & General Group Plc now owns 9,419 shares of the financial services provider’s stock worth $256,000 after buying an additional 716 shares during the last quarter. 77.61% of the stock is owned by institutional investors and hedge funds.

State Bank Financial Corporation. 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 community banking services to individuals and businesses. Its product line includes loans to small and medium-sized businesses, 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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