Alliancebernstein L.P. decreased its stake in State Bank Financial Corporation. (NASDAQ:STBZ) by 21.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,838 shares of the financial services provider’s stock after selling 47,434 shares during the period. Alliancebernstein L.P. owned 0.46% of State Bank Financial Corporation. worth $4,687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in STBZ. Bank of America Corp DE raised its holdings in shares of State Bank Financial Corporation. by 12.0% during the first quarter. Bank of America Corp DE now owns 220,164 shares of the financial services provider’s stock valued at $5,750,000 after buying an additional 23,668 shares during the last quarter. Royce & Associates LP grew its holdings in State Bank Financial Corporation. by 4.8% in the 2nd quarter. Royce & Associates LP now owns 879,957 shares of the financial services provider’s stock worth $23,864,000 after buying an additional 40,500 shares in the last quarter. Sei Investments Co. grew its holdings in State Bank Financial Corporation. by 3.3% in the 1st 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 in the last quarter. US Bancorp DE grew its holdings in State Bank Financial Corporation. by 5.1% in the 2nd 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 in the last quarter. Finally, First Trust Advisors LP grew its holdings in State Bank Financial Corporation. by 23.2% in the 1st quarter. First Trust Advisors LP now owns 122,452 shares of the financial services provider’s stock worth $3,198,000 after buying an additional 23,023 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

In other State Bank Financial Corporation. news, insider Bradford L. Watkins sold 7,000 shares of the 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 transaction, the insider now directly owns 81,190 shares in the company, valued at approximately $2,192,941.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Caulkins Brown sold 1,500 shares of the 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 transaction, the executive vice president now owns 53,291 shares in the company, valued at $1,390,895.10. The disclosure for this sale can be found here. Insiders have sold 10,530 shares of company stock worth $283,250 over the last three months. 4.65% of the stock is owned by insiders.

Several analysts have weighed in on the company. BidaskClub downgraded State Bank Financial Corporation. from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $30.00 price target on shares of State Bank Financial Corporation. in a research note on Sunday, June 18th. Finally, Zacks Investment Research lowered State Bank Financial Corporation. from a “buy” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $28.63.

COPYRIGHT VIOLATION WARNING: This story was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/10/04/alliancebernstein-l-p-sells-47434-shares-of-state-bank-financial-corporation-stbz.html.

Shares of State Bank Financial Corporation. (NASDAQ:STBZ) opened at 29.17 on Wednesday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 22.40 and a beta of 0.98. State Bank Financial Corporation. has a 52-week low of $21.15 and a 52-week high of $29.26. The firm has a 50-day moving average price of $27.08 and a 200-day moving average price of $26.60.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, September 5th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.56 annualized dividend and a dividend yield of 1.92%. State Bank Financial Corporation.’s dividend payout ratio (DPR) is currently 42.75%.

State Bank Financial Corporation. 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.

Institutional Ownership by Quarter for State Bank Financial Corporation. (NASDAQ:STBZ)

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