Brokerages predict that State Bank Financial Corp (NASDAQ:STBZ) will post earnings per share (EPS) of $0.61 for the current quarter, according to Zacks. Zero analysts have made estimates for State Bank Financial’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.63. State Bank Financial reported earnings of $0.41 per share during the same quarter last year, which indicates a positive year over year growth rate of 48.8%. The company is scheduled to issue its next earnings results on Thursday, January 24th.
On average, analysts expect that State Bank Financial will report full year earnings of $2.20 per share for the current year, with EPS estimates ranging from $2.14 to $2.23. For the next year, analysts expect that the business will post earnings of $2.41 per share, with EPS estimates ranging from $2.35 to $2.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover State Bank Financial.
State Bank Financial (NASDAQ:STBZ) last announced its quarterly earnings results on Monday, October 22nd. The financial services provider reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.11). State Bank Financial had a net margin of 19.96% and a return on equity of 11.91%. The business had revenue of $68.32 million during the quarter, compared to the consensus estimate of $68.65 million.
Shares of NASDAQ:STBZ traded up $0.12 during trading on Friday, reaching $23.53. The company’s stock had a trading volume of 294,848 shares, compared to its average volume of 348,663. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05. State Bank Financial has a 12 month low of $22.61 and a 12 month high of $35.99. The company has a market cap of $912.96 million, a price-to-earnings ratio of 16.12, a PEG ratio of 0.79 and a beta of 0.97.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 11th. Investors of record on Monday, December 3rd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Friday, November 30th. State Bank Financial’s dividend payout ratio (DPR) is currently 54.79%.
A number of institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its position in State Bank Financial by 3.9% in the 3rd quarter. Wells Fargo & Company MN now owns 60,387 shares of the financial services provider’s stock worth $1,822,000 after purchasing an additional 2,243 shares during the period. Patton Albertson Miller Group LLC raised its position in State Bank Financial by 18.2% in the 3rd quarter. Patton Albertson Miller Group LLC now owns 17,478 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 2,695 shares during the period. Teachers Advisors LLC raised its position in State Bank Financial by 6.9% in the 3rd quarter. Teachers Advisors LLC now owns 77,068 shares of the financial services provider’s stock worth $2,326,000 after purchasing an additional 4,987 shares during the period. Principal Financial Group Inc. purchased a new stake in State Bank Financial in the 1st quarter worth about $203,000. Finally, Stone Ridge Asset Management LLC purchased a new stake in State Bank Financial in the 3rd quarter worth about $206,000. 78.70% of the stock is currently owned by institutional investors.
About State Bank Financial
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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