State Bank Financial Corp (STBZ) Receives $34.00 Average Target Price from Analysts

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.

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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.

State Bank Financial (NASDAQ:STBZ) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. The company had revenue of $68.16 million for the quarter, compared to analyst estimates of $65.00 million. State Bank Financial had a return on equity of 9.26% and a net margin of 18.77%. equities analysts anticipate that State Bank Financial will post 2.18 EPS for the current year.

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.

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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.

Analyst Recommendations for State Bank Financial (NASDAQ:STBZ)

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