Zacks Investment Research downgraded shares of State Bank Financial Corporation. (NASDAQ:STBZ) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

According to Zacks, “State Bank Financial Corporation through its subsidiary provides community banking services to individuals and businesses in the middle Georgia and metropolitan Atlanta markets. Products offered by the Company include checking accounts, commercial accounts, savings accounts, retirement accounts, time deposits and various loans. The Company also provides services including online banking and bill payment, online cash management, safe deposit box rental, debit card, and ATM card services. State Bank Financial Corporation is headquartered in Atlanta, Georgia. “

Several other equities analysts have also commented on STBZ. BidaskClub raised shares of State Bank Financial Corporation. from a sell rating to a hold rating in a report on Friday, June 16th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $30.00 price target on shares of State Bank Financial Corporation. in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. State Bank Financial Corporation. has an average rating of Hold and an average target price of $28.63.

Shares of State Bank Financial Corporation. (STBZ) traded down 0.634% during mid-day trading on Tuesday, reaching $28.985. The company had a trading volume of 34,506 shares. The stock has a market capitalization of $1.10 billion, a P/E ratio of 22.262 and a beta of 0.98. The firm’s 50 day moving average is $27.08 and its 200-day moving average is $26.60. State Bank Financial Corporation. has a 12-month low of $21.15 and a 12-month high of $29.35.

State Bank Financial Corporation. (NASDAQ:STBZ) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. The company had revenue of $56.95 million for 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%. On average, analysts expect that State Bank Financial Corporation. will post $1.45 earnings per share for the current fiscal year.

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

In related news, insider Bradford L. Watkins sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $27.14, for a total transaction of $27,140.00. Following the completion of the transaction, the insider now directly owns 72,500 shares in the company, valued at approximately $1,967,650. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bradford L. Watkins sold 930 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $27.09, for a total transaction of $25,193.70. Following the transaction, the insider now owns 73,500 shares of the company’s stock, valued at $1,991,115. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,530 shares of company stock valued at $283,250. 4.65% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of STBZ. Wellington Management Group LLP boosted its position in State Bank Financial Corporation. by 29.9% in the first quarter. Wellington Management Group LLP now owns 944,163 shares of the financial services provider’s stock valued at $24,662,000 after buying an additional 217,294 shares in the last quarter. AJO LP bought a new stake in shares of State Bank Financial Corporation. during the second quarter worth $4,290,000. Vanguard Group Inc. grew its stake in shares of State Bank Financial Corporation. by 5.5% during the first quarter. Vanguard Group Inc. now owns 2,854,790 shares of the financial services provider’s stock worth $74,567,000 after buying an additional 147,944 shares during the last quarter. State Street Corp grew its stake in shares of State Bank Financial Corporation. by 17.2% during the first quarter. State Street Corp now owns 856,460 shares of the financial services provider’s stock worth $22,372,000 after buying an additional 125,437 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of State Bank Financial Corporation. by 13.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,030,390 shares of the financial services provider’s stock worth $26,914,000 after buying an additional 124,601 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.

About State Bank Financial Corporation.

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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