State Bank Financial Corp (NASDAQ:STBZ) has received a consensus recommendation of “Hold” from the nine research firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $34.00.
Several analysts have recently issued reports on the company. Zacks Investment Research lowered State Bank Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. BidaskClub upgraded State Bank Financial from a “hold” rating to a “buy” rating in a research report on Saturday, March 24th. ValuEngine downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Gabelli upgraded State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Friday, January 26th. Finally, SunTrust Banks restated a “buy” rating and set a $38.00 price objective on shares of State Bank Financial in a research report on Tuesday, January 9th.
Shares of STBZ traded up $0.01 during trading hours on Friday, hitting $30.01. 144,797 shares of the company were exchanged, compared to its average volume of 113,329. The firm has a market cap of $1,170.75, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 1.13 and a beta of 0.98. State Bank Financial has a fifty-two week low of $24.65 and a fifty-two week high of $31.75.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Monday, March 5th were given a dividend of $0.20 per share. This is an increase from State Bank Financial’s previous quarterly dividend of $0.14. This represents a $0.80 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend was Friday, March 2nd. State Bank Financial’s dividend payout ratio is currently 54.79%.
In other State Bank Financial news, CFO Sheila Ray acquired 3,300 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average cost of $29.50 per share, for a total transaction of $97,350.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.65% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of STBZ. Ladenburg Thalmann Financial Services Inc. raised its position in State Bank Financial by 15,144.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,811 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 3,786 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in State Bank Financial in the fourth quarter valued at about $154,000. SG Americas Securities LLC bought a new position in State Bank Financial in the third quarter valued at about $230,000. Xact Kapitalforvaltning AB bought a new position in State Bank Financial in the fourth quarter valued at about $230,000. Finally, California Public Employees Retirement System bought a new position in State Bank Financial in the fourth quarter valued at about $253,000. Hedge funds and other institutional investors own 79.26% of the company’s stock.
About State Bank Financial
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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