State Bank Financial Corp. (NASDAQ:STBZ)’s share price was down 2.8% during trading on Friday . The company 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.

A number of equities analysts have recently commented on STBZ shares. Zacks Investment Research raised State Bank Financial Corp. from a “sell” rating to a “hold” rating and set a $21.00 price objective for the company in a research report on Wednesday, April 6th. FBR & Co reissued an “outperform” rating and set a $24.00 price objective on shares of State Bank Financial Corp. in a research report on Tuesday, July 5th. Finally, Stephens downgraded State Bank Financial Corp. from an “overweight” rating to an “equal weight” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $23.13.

The stock’s 50-day moving average price is $21.08 and its 200 day moving average price is $20.23. The firm has a market capitalization of $783.79 million and a PE ratio of 17.52.

State Bank Financial Corp. (NASDAQ:STBZ) last released its earnings results on Thursday, July 28th. The financial services provider reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.06. On average, analysts anticipate that State Bank Financial Corp. will post $1.31 EPS for the current fiscal year.

A number of institutional investors have added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position 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 valued at $11,414,000 after buying an additional 77,851 shares during the period. California State Teachers Retirement System increased its position 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 purchased a new position in State Bank Financial Corp. during the fourth quarter worth approximately $21,030,000. Victory Capital Management Inc. increased its position 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 increased its position 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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