State Bank Financial Corp (STBZ) Increases Dividend to $0.20 Per Share

State Bank Financial Corp (NASDAQ:STBZ) announced a quarterly dividend on Thursday, February 8th, Wall Street Journal reports. Investors of record on Monday, March 5th will be given a dividend of 0.20 per share by the financial services provider on Tuesday, March 13th. This represents a $0.80 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Friday, March 2nd. This is an increase from State Bank Financial’s previous quarterly dividend of $0.14.

State Bank Financial (NASDAQ:STBZ) traded down $0.44 on Thursday, reaching $28.50. 211,455 shares of the company traded hands, compared to its average volume of 111,043. The company has a market cap of $1,135.06, a PE ratio of 24.12, a P/E/G ratio of 1.15 and a beta of 0.96. State Bank Financial has a 1-year low of $24.16 and a 1-year high of $31.75.

State Bank Financial (NASDAQ:STBZ) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. State Bank Financial had a net margin of 18.77% and a return on equity of 9.29%. The firm had revenue of $68.16 million for the quarter, compared to analysts’ expectations of $65.00 million. research analysts expect that State Bank Financial will post 2.07 EPS for the current fiscal year.

Several brokerages have commented on STBZ. Hovde Group reissued a “hold” rating on shares of State Bank Financial in a research report on Tuesday. BidaskClub raised shares of State Bank Financial from a “sell” rating to a “hold” rating in a research report on Saturday, February 3rd. Zacks Investment Research raised shares of State Bank Financial from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Thursday, February 1st. Stephens reissued a “hold” rating and set a $32.00 price target on shares of State Bank Financial in a research report on Friday, January 26th. Finally, Gabelli raised shares of State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $34.00.

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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.

Dividend History for State Bank Financial (NASDAQ:STBZ)

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