BidaskClub cut shares of State Bank Financial (NASDAQ:STBZ) from a strong-buy rating to a buy rating in a research note issued to investors on Friday.

A number of other brokerages have also issued reports on STBZ. Gabelli lowered State Bank Financial from a buy rating to a hold rating in a research report on Tuesday, May 15th. FIG Partners reissued an outperform rating on shares of State Bank Financial in a research report on Thursday, April 26th. SunTrust Banks lowered State Bank Financial from a buy rating to a hold rating in a research report on Monday, May 14th. Zacks Investment Research lowered State Bank Financial from a buy rating to a hold rating in a research report on Thursday, May 3rd. Finally, ValuEngine raised State Bank Financial from a hold rating to a buy rating in a research report on Monday, April 2nd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. State Bank Financial presently has an average rating of Hold and a consensus price target of $34.50.

Shares of State Bank Financial opened at $33.41 on Friday, according to MarketBeat.com. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 1.10 and a beta of 0.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.89. State Bank Financial has a 52-week low of $25.41 and a 52-week high of $35.99.

State Bank Financial (NASDAQ:STBZ) last announced its earnings results on Thursday, April 26th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). The firm had revenue of $65.32 million during the quarter, compared to analysts’ expectations of $65.25 million. State Bank Financial had a net margin of 19.79% and a return on equity of 9.78%. analysts predict that State Bank Financial will post 2.22 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of State Bank Financial by 17.4% during the fourth quarter. Bank of New York Mellon Corp now owns 207,050 shares of the financial services provider’s stock worth $6,179,000 after acquiring an additional 30,761 shares during the period. Millennium Management LLC increased its position in shares of State Bank Financial by 23.5% during the fourth quarter. Millennium Management LLC now owns 693,766 shares of the financial services provider’s stock worth $20,702,000 after acquiring an additional 132,207 shares during the period. Wells Fargo & Company MN increased its position in shares of State Bank Financial by 24.9% during the fourth quarter. Wells Fargo & Company MN now owns 67,187 shares of the financial services provider’s stock worth $2,005,000 after acquiring an additional 13,414 shares during the period. Deutsche Bank AG increased its position in shares of State Bank Financial by 15.7% during the fourth quarter. Deutsche Bank AG now owns 350,714 shares of the financial services provider’s stock worth $10,462,000 after acquiring an additional 47,525 shares during the period. Finally, BlackRock Inc. increased its position in shares of State Bank Financial by 3.1% during the fourth quarter. BlackRock Inc. now owns 2,121,798 shares of the financial services provider’s stock worth $63,316,000 after acquiring an additional 63,881 shares during the period. 80.01% of the stock is currently owned by institutional investors and hedge funds.

About State Bank Financial

State Bank Financial Corporation operates as the bank holding company for State Bank and Trust Company that provides various community banking services to individuals and businesses. The company's deposit products and services include checking, commercial operating, savings and money market, and individual retirement accounts, as well as short- to longer-term certificates of deposit, commercial and consumer demand deposit, and savings and time deposit products.

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Analyst Recommendations for State Bank Financial (NASDAQ:STBZ)

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