State Bank Financial Corp. (STBZ) Sees Strong Trading Volume
State Bank Financial Corp. (NASDAQ:STBZ) saw an uptick in trading volume on Tuesday . 106,687 shares were traded during trading, a decline of 10% from the previous session’s volume of 118,593 shares.The stock last traded at $21.98 and had previously closed at $21.66.
A number of brokerages have recently weighed in on STBZ. FBR & Co reiterated a “hold” rating on shares of State Bank Financial Corp. in a report on Saturday, April 30th. Zacks Investment Research upgraded State Bank Financial Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, March 31st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $23.00.
The stock has a market cap of $791.14 million and a PE ratio of 27.33. The company’s 50-day moving average price is $20.83 and its 200 day moving average price is $20.09.
State Bank Financial Corp. (NASDAQ:STBZ) last posted its quarterly earnings results on Thursday, April 28th. The financial services provider reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. Analysts forecast that State Bank Financial Corp. will post $1.26 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 14th. Stockholders of record on Monday, June 6th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Thursday, June 2nd.
Several hedge funds and institutional investors recently bought and sold shares of STBZ. 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. 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. Eagle Asset Management Inc. increased its position in State Bank Financial Corp. by 3.5% in the fourth quarter. Eagle Asset Management Inc. now owns 545,793 shares of the financial services provider’s stock worth $11,478,000 after buying an additional 18,262 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 during the period. Finally, 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 worth $11,414,000 after buying an additional 77,851 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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