State Bank Financial Corp. (NASDAQ:STBZ) fell 2.8% during mid-day trading on Friday . The stock traded as low as $20.83 and last traded at $21.93, with a volume of 62,942 shares traded. The stock had previously closed at $22.56.

Several research firms have issued reports on STBZ. FBR & Co boosted their price objective on shares of State Bank Financial Corp. from $24.00 to $24.50 and gave the stock an “outperform” rating in a research note on Friday. Stephens downgraded shares of State Bank Financial Corp. from an “overweight” rating to an “equal weight” rating in a research note on Friday. Finally, Zacks Investment Research upgraded shares of State Bank Financial Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, March 31st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $23.13.

The stock has a market cap of $789.69 million and a price-to-earnings ratio of 27.28. The company has a 50-day moving average price of $21.06 and a 200-day moving average price of $20.22.

State Bank Financial Corp. (NASDAQ:STBZ) last posted its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Equities analysts anticipate that State Bank Financial Corp. will post $1.27 EPS for the current year.

Several hedge funds recently bought and sold shares of STBZ. Dimensional Fund Advisors LP raised its stake in State Bank Financial Corp. by 16.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 542,733 shares of the financial services provider’s stock worth $11,414,000 after buying an additional 77,851 shares during the period. California State Teachers Retirement System raised its stake in State Bank Financial Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 66,273 shares of the financial services provider’s stock worth $1,394,000 after buying an additional 1,200 shares during the period. EJF Capital LLC bought a new stake in State Bank Financial Corp. during the fourth quarter worth about $21,030,000. Victory Capital Management Inc. raised its stake in State Bank Financial Corp. by 27.2% in the fourth quarter. Victory Capital Management Inc. now owns 835,355 shares of the financial services provider’s stock worth $17,567,000 after buying an additional 178,568 shares during the period. Finally, Rhumbline Advisers raised its stake in State Bank Financial Corp. by 3.2% in the fourth quarter. Rhumbline Advisers now owns 48,616 shares of the financial services provider’s stock worth $1,022,000 after buying an additional 1,485 shares during the period.

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 a range of community banking services to individuals and businesses within its markets. Its product line includes loans to small and medium-sized businesses (SMBs), 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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