State Bank Financial Corp. (STBZ) Sees Large Volume Increase
State Bank Financial Corp. (NASDAQ:STBZ) saw unusually-high trading volume on Friday . Approximately 51,875 shares traded hands during trading, an increase of 1% from the previous session’s volume of 51,184 shares.The stock last traded at $22.70 and had previously closed at $22.71.
STBZ has been the topic of several research analyst reports. FBR & Co restated a “hold” rating on shares of State Bank Financial Corp. in a research report on Saturday, April 30th. Stephens lowered shares of State Bank Financial Corp. from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.13.
The stock has a market capitalization of $815.31 million and a price-to-earnings ratio of 18.22. The stock has a 50-day moving average of $21.91 and a 200-day moving average of $20.52.
State Bank Financial Corp. (NASDAQ:STBZ) last posted its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.06. On average, analysts forecast that State Bank Financial Corp. will post $1.32 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in State Bank Financial Corp. stock. Rhumbline Advisers boosted its stake in shares of State Bank Financial Corp. (NASDAQ:STBZ) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,616 shares of the financial services provider’s stock after buying an additional 1,485 shares during the period. Rhumbline Advisers owned approximately 0.14% of State Bank Financial Corp. worth $1,022,000 at the end of the most recent 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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