State Bank Financial Corp (STBZ) Expected to Announce Earnings of $0.58 Per Share

Equities research analysts expect that State Bank Financial Corp (NASDAQ:STBZ) will report $0.58 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for State Bank Financial’s earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.55. State Bank Financial reported earnings of $0.37 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 56.8%. The firm is expected to announce its next earnings report on Thursday, October 25th.

On average, analysts expect that State Bank Financial will report full year earnings of $2.19 per share for the current fiscal year, with EPS estimates ranging from $2.14 to $2.23. For the next year, analysts anticipate that the firm will post earnings of $2.41 per share, with EPS estimates ranging from $2.35 to $2.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for State Bank Financial.

State Bank Financial (NASDAQ:STBZ) last released its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.07). State Bank Financial had a net margin of 20.06% and a return on equity of 10.64%. The company had revenue of $67.05 million during the quarter, compared to the consensus estimate of $67.60 million.

Several equities research analysts have recently weighed in on STBZ shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $39.50 price objective on shares of State Bank Financial in a research note on Wednesday, August 8th. Zacks Investment Research upgraded State Bank Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 25th. BidaskClub lowered State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Finally, ValuEngine lowered State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $35.58.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System lifted its holdings in State Bank Financial by 436.5% during the 2nd quarter. California Public Employees Retirement System now owns 58,487 shares of the financial services provider’s stock worth $1,953,000 after buying an additional 47,586 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in State Bank Financial during the 2nd quarter worth $2,350,000. Paloma Partners Management Co acquired a new position in State Bank Financial during the 2nd quarter worth $568,000. Bank of America Corp DE lifted its holdings in State Bank Financial by 282.8% during the 2nd quarter. Bank of America Corp DE now owns 826,358 shares of the financial services provider’s stock worth $27,600,000 after buying an additional 610,478 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in State Bank Financial during the 2nd quarter worth $4,186,000. Institutional investors and hedge funds own 79.00% of the company’s stock.

STBZ stock opened at $29.88 on Friday. State Bank Financial has a 1-year low of $27.56 and a 1-year high of $35.99. The company has a market capitalization of $1.18 billion, a PE ratio of 20.47, a P/E/G ratio of 1.02 and a beta of 0.86. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 0.90.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 11th. Investors of record on Tuesday, September 4th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.80 dividend on an annualized basis and a yield of 2.68%. State Bank Financial’s dividend payout ratio (DPR) is presently 54.79%.

State Bank Financial Company 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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Earnings History and Estimates for State Bank Financial (NASDAQ:STBZ)

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