State Bank Financial Corp (NASDAQ:STBZ) – Equities researchers at SunTrust Banks boosted their Q1 2018 earnings estimates for shares of State Bank Financial in a research report issued on Monday. SunTrust Banks analyst J. Demba now expects that the financial services provider will earn $0.49 per share for the quarter, up from their prior estimate of $0.40. SunTrust Banks has a “Buy” rating and a $38.00 price target on the stock. SunTrust Banks also issued estimates for State Bank Financial’s Q2 2018 earnings at $0.59 EPS, FY2018 earnings at $2.36 EPS and FY2019 earnings at $2.54 EPS.

Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded State Bank Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. BidaskClub cut State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Sandler O’Neill upgraded State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Friday, December 15th. Gabelli cut State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, ValuEngine cut State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $33.25.

State Bank Financial (STBZ) traded up $0.38 on Wednesday, hitting $30.93. The stock had a trading volume of 171,700 shares, compared to its average volume of 97,486. State Bank Financial has a twelve month low of $24.16 and a twelve month high of $31.75. The firm has a market capitalization of $1,210.00, a PE ratio of 23.08, a P/E/G ratio of 1.36 and a beta of 0.95.

State Bank Financial (NASDAQ:STBZ) last posted its earnings results on Thursday, October 26th. The financial services provider reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. State Bank Financial had a return on equity of 8.44% and a net margin of 22.79%. The business had revenue of $54.01 million for the quarter, compared to analysts’ expectations of $56.15 million.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Monday, December 4th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Friday, December 1st. State Bank Financial’s dividend payout ratio (DPR) is presently 41.79%.

Hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in State Bank Financial by 459.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,538 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 3,727 shares during the period. Sei Investments Co. increased its position in State Bank Financial by 46.0% in the 2nd quarter. Sei Investments Co. now owns 5,648 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 1,779 shares during the period. Cubist Systematic Strategies LLC acquired a new position in State Bank Financial in the 2nd quarter valued at about $204,000. Susquehanna International Group LLP acquired a new position in State Bank Financial in the 2nd quarter valued at about $215,000. Finally, SG Americas Securities LLC acquired a new position in State Bank Financial in the 3rd quarter valued at about $230,000. Hedge funds and other institutional investors own 78.94% 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.

Earnings History and Estimates for State Bank Financial (NASDAQ:STBZ)

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