Victory Capital Management Inc. lessened its stake in State Bank Financial Corporation. (NASDAQ:STBZ) by 16.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,056,702 shares of the financial services provider’s stock after selling 215,244 shares during the period. Victory Capital Management Inc. owned 2.79% of State Bank Financial Corporation. worth $30,275,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in State Bank Financial Corporation. by 459.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,538 shares of the financial services provider’s stock worth $123,000 after buying an additional 3,727 shares during the period. US Bancorp DE increased 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 buying an additional 252 shares during the period. Sei Investments Co. increased its stake in State Bank Financial Corporation. by 46.0% in the 2nd quarter. Sei Investments Co. now owns 5,648 shares of the financial services provider’s stock worth $153,000 after buying an additional 1,779 shares during the period. Cubist Systematic Strategies LLC purchased a new position in State Bank Financial Corporation. in the 2nd quarter worth about $204,000. Finally, Gratus Capital LLC purchased a new position in State Bank Financial Corporation. in the 2nd quarter worth about $206,000. 77.05% of the stock is currently owned by institutional investors.

STBZ has been the topic of several recent analyst reports. BidaskClub raised shares of State Bank Financial Corporation. from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Zacks Investment Research downgraded shares of State Bank Financial Corporation. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $30.00 price target on shares of State Bank Financial Corporation. in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $30.00.

TRADEMARK VIOLATION WARNING: This news story was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/11/10/state-bank-financial-corporation-stbz-position-reduced-by-victory-capital-management-inc.html.

In other State Bank Financial Corporation. news, EVP David Caulkins Brown sold 1,500 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $26.10, for a total transaction of $39,150.00. Following the transaction, the executive vice president now directly owns 53,291 shares in the company, valued at approximately $1,390,895.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bradford L. Watkins sold 7,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $27.01, for a total transaction of $189,070.00. Following the completion of the sale, the insider now owns 81,190 shares in the company, valued at $2,192,941.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,430 shares of company stock worth $280,554. 4.65% of the stock is owned by company insiders.

State Bank Financial Corporation. (STBZ) opened at $27.92 on Friday. State Bank Financial Corporation. has a 1-year low of $23.41 and a 1-year high of $29.70. The stock has a market cap of $1,087.09, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.51 and a beta of 0.94.

State Bank Financial Corporation. (NASDAQ:STBZ) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. State Bank Financial Corporation. had a net margin of 22.79% and a return on equity of 8.44%. The company had revenue of $54.01 million for the quarter, compared to analysts’ expectations of $56.15 million. equities analysts expect that State Bank Financial Corporation. will post 1.51 EPS for the current year.

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.