Royce & Associates LP cut its position in State Bank Financial Corp (NASDAQ:STBZ) by 69.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,457 shares of the financial services provider’s stock after selling 618,836 shares during the quarter. Royce & Associates LP owned 0.69% of State Bank Financial worth $9,000,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of STBZ. Perella Weinberg Partners Capital Management LP acquired a new stake in shares of State Bank Financial in the second quarter valued at $10,866,000. Millennium Management LLC grew its stake in shares of State Bank Financial by 32.0% in the first quarter. Millennium Management LLC now owns 915,460 shares of the financial services provider’s stock valued at $27,473,000 after buying an additional 221,694 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of State Bank Financial by 5,396.2% in the second quarter. SG Americas Securities LLC now owns 193,245 shares of the financial services provider’s stock valued at $6,454,000 after buying an additional 189,729 shares in the last quarter. Maltese Capital Management LLC grew its stake in shares of State Bank Financial by 1,700.0% in the second quarter. Maltese Capital Management LLC now owns 180,000 shares of the financial services provider’s stock valued at $6,012,000 after buying an additional 170,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of State Bank Financial by 11.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,401,114 shares of the financial services provider’s stock valued at $42,047,000 after buying an additional 139,986 shares in the last quarter. 79.00% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised State Bank Financial from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. BidaskClub cut State Bank Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $39.50 price objective on shares of State Bank Financial in a research note on Wednesday, August 8th. Sandler O’Neill cut State Bank Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. Finally, SunTrust Banks cut State Bank Financial from a “buy” rating to a “hold” rating in a research note on Monday, May 14th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $36.08.

NASDAQ:STBZ opened at $32.42 on Friday. The firm has a market capitalization of $1.28 billion, a P/E ratio of 22.21, a P/E/G ratio of 1.11 and a beta of 0.88. State Bank Financial Corp has a 12-month low of $25.41 and a 12-month high of $35.99. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.02.

State Bank Financial (NASDAQ:STBZ) last released its earnings results on Tuesday, July 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.07). The company had revenue of $67.05 million during the quarter, compared to analysts’ expectations of $67.60 million. State Bank Financial had a net margin of 20.06% and a return on equity of 10.64%. equities research analysts predict that State Bank Financial Corp will post 2.19 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 11th. Investors of record on Tuesday, September 4th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 31st. This represents a $0.80 dividend on an annualized basis and a yield of 2.47%. State Bank Financial’s dividend payout ratio (DPR) is presently 54.79%.

State Bank Financial Profile

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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Institutional Ownership by Quarter for State Bank Financial (NASDAQ:STBZ)

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