State Bank Financial (NASDAQ:STBZ) was downgraded by analysts at Gabelli from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Several other research analysts have also recently weighed in on STBZ. Zacks Investment Research cut shares of State Bank Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. BidaskClub upgraded shares of State Bank Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $30.00.

State Bank Financial (NASDAQ:STBZ) opened at $31.42 on Thursday. The firm has a market cap of $1,186.52, a price-to-earnings ratio of 22.05, a PEG ratio of 1.65 and a beta of 0.94. State Bank Financial has a one year low of $23.48 and a one year high of $31.75.

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

In other State Bank Financial news, insider Bradford L. Watkins sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $27.14, for a total value of $27,140.00. Following the sale, the insider now owns 72,500 shares in the company, valued at approximately $1,967,650. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.65% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC bought a new stake in shares of State Bank Financial in the 3rd quarter worth about $1,008,000. Dimensional Fund Advisors LP increased its holdings in shares of State Bank Financial by 8.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,198,614 shares of the financial services provider’s stock worth $34,340,000 after buying an additional 94,752 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of State Bank Financial by 35.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 193,856 shares of the financial services provider’s stock worth $5,554,000 after buying an additional 50,648 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of State Bank Financial by 39.7% in the 3rd quarter. Wells Fargo & Company MN now owns 53,773 shares of the financial services provider’s stock worth $1,540,000 after buying an additional 15,270 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in shares of State Bank Financial by 1.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 546,768 shares of the financial services provider’s stock worth $15,916,000 after buying an additional 9,984 shares during the last quarter. Institutional investors and hedge funds own 78.99% of the company’s stock.

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State Bank Financial 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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