Q1 2018 EPS Estimates for State Bank Financial Corp (STBZ) Boosted by Analyst
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 (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.
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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