State Bank Financial Corporation. (STBZ) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of State Bank Financial Corporation. (NASDAQ:STBZ) from a sell rating to a hold rating in a research note published on Tuesday morning.

According to Zacks, “State Bank Financial Corporation through its subsidiary provides community banking services to individuals and businesses in the middle Georgia and metropolitan Atlanta markets. Products offered by the Company include checking accounts, commercial accounts, savings accounts, retirement accounts, time deposits and various loans. The Company also provides services including online banking and bill payment, online cash management, safe deposit box rental, debit card, and ATM card services. State Bank Financial Corporation is headquartered in Atlanta, Georgia. “

Several other equities analysts have also recently issued reports on the company. BidaskClub raised State Bank Financial Corporation. from a strong sell rating to a sell rating in a report on Saturday, August 26th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $30.00 price objective on shares of State Bank Financial Corporation. in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $30.00.

State Bank Financial Corporation. (NASDAQ:STBZ) traded down 1.25% during mid-day trading on Tuesday, hitting $28.55. The stock had a trading volume of 39,549 shares. The firm has a market cap of $1.08 billion, a P/E ratio of 21.93 and a beta of 0.98. State Bank Financial Corporation. has a 12-month low of $21.15 and a 12-month high of $29.70. The stock has a 50-day moving average price of $28.62 and a 200 day moving average price of $27.12.

State Bank Financial Corporation. (NASDAQ:STBZ) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $54.01 million during the quarter, compared to analysts’ expectations of $56.15 million. State Bank Financial Corporation. had a return on equity of 8.51% and a net margin of 22.79%. Equities analysts anticipate that State Bank Financial Corporation. will post $1.50 EPS for the current fiscal year.

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In other State Bank Financial Corporation. news, insider Bradford L. Watkins sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $27.14, for a total transaction of $27,140.00. Following the completion of the transaction, the insider now owns 72,500 shares of the company’s stock, valued at $1,967,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Caulkins Brown sold 1,500 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $26.10, for a total value of $39,150.00. Following the transaction, the executive vice president now directly owns 53,291 shares of the company’s stock, valued at approximately $1,390,895.10. The disclosure for this sale can be found here. Insiders have sold 10,530 shares of company stock valued at $283,250 in the last three months. 4.65% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in shares of State Bank Financial Corporation. by 12.0% in the first quarter. Bank of America Corp DE now owns 220,164 shares of the financial services provider’s stock valued at $5,750,000 after purchasing an additional 23,668 shares during the period. AJO LP purchased a new stake in shares of State Bank Financial Corporation. in the second quarter valued at $4,290,000. Royce & Associates LP grew its position in shares of State Bank Financial Corporation. by 4.8% in the second quarter. Royce & Associates LP now owns 879,957 shares of the financial services provider’s stock valued at $23,864,000 after purchasing an additional 40,500 shares during the period. Swiss National Bank grew its position in shares of State Bank Financial Corporation. by 7.1% in the second quarter. Swiss National Bank now owns 61,500 shares of the financial services provider’s stock valued at $1,668,000 after purchasing an additional 4,100 shares during the period. Finally, US Bancorp DE grew its position in shares of State Bank Financial Corporation. by 5.1% in the second quarter. US Bancorp DE now owns 5,200 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 252 shares during the period. 77.66% of the stock is owned by institutional investors.

About State Bank Financial Corporation.

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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