State Bank Financial Corp. (NASDAQ:STBZ) gapped up prior to trading on Monday . The stock had previously closed at $21.98, but opened at $22.06. State Bank Financial Corp. shares last traded at $22.36, with a volume of 55,242 shares.

A number of brokerages have issued reports on STBZ. FBR & Co increased their price target on State Bank Financial Corp. from $24.00 to $24.50 and gave the stock an “outperform” rating in a research note on Friday, July 29th. Stephens lowered State Bank Financial Corp. from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $23.13.

The firm’s 50-day moving average price is $21.59 and its 200 day moving average price is $20.44. The stock has a market capitalization of $800.98 million and a PE ratio of 17.90.

State Bank Financial Corp. (NASDAQ:STBZ) last announced its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. Equities research analysts forecast that State Bank Financial Corp. will post $1.32 EPS for the current year.

Other large investors recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of 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. Bank of Montreal Can increased its position in State Bank Financial Corp. by 4.1% in the fourth quarter. Bank of Montreal Can now owns 668,996 shares of the financial services provider’s stock worth $14,070,000 after buying an additional 26,427 shares in the last quarter. 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 in the last quarter. Finally, 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 in the last quarter.

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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