Thrivent Financial For Lutherans bought a new position in State Bank Financial Corporation. (NASDAQ:STBZ) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 15,454 shares of the financial services provider’s stock, valued at approximately $419,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in State Bank Financial Corporation. by 12.0% in the 1st quarter. Bank of America Corp DE now owns 220,164 shares of the financial services provider’s stock worth $5,750,000 after purchasing an additional 23,668 shares in the last quarter. AJO LP purchased a new position in State Bank Financial Corporation. in the 2nd quarter worth approximately $4,290,000. Royce & Associates LP lifted its stake 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 purchasing an additional 40,500 shares in the last quarter. Sei Investments Co. lifted its stake 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 purchasing an additional 122 shares in the last quarter. Finally, US Bancorp DE lifted its stake 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 purchasing an additional 252 shares in the last quarter. 77.67% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on STBZ. BidaskClub lowered shares of State Bank Financial Corporation. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $30.00 target price on shares of State Bank Financial Corporation. in a research note on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of State Bank Financial Corporation. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. One 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 $28.17.

State Bank Financial Corporation. (STBZ) opened at 29.29 on Thursday. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 22.50 and a beta of 0.98. State Bank Financial Corporation. has a 1-year low of $21.15 and a 1-year high of $29.52. The firm has a 50-day moving average of $27.92 and a 200-day moving average of $26.89.

State Bank Financial Corporation. (NASDAQ:STBZ) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $54.83 million. Equities research analysts anticipate that State Bank Financial Corporation. will post $1.45 EPS for the current year.

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In related news, insider Bradford L. Watkins sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $27.01, for a total transaction of $189,070.00. Following the sale, the insider now owns 81,190 shares in the company, valued at $2,192,941.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bradford L. Watkins sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $27.14, for a total transaction of $27,140.00. Following the sale, the insider now owns 72,500 shares in the company, valued at approximately $1,967,650. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,530 shares of company stock worth $283,250. 4.65% of the stock is owned by company insiders.

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

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