Legal & General Group Plc reduced its stake in State Bank Financial Corporation. (NASDAQ:STBZ) by 1.8% during the first quarter, Holdings Channel reports. The fund owned 8,703 shares of the financial services provider’s stock after selling 162 shares during the period. Legal & General Group Plc’s holdings in State Bank Financial Corporation. were worth $227,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. RE Advisers Corp increased its stake in shares of State Bank Financial Corporation. by 0.7% in the first quarter. RE Advisers Corp now owns 1,557,221 shares of the financial services provider’s stock valued at $40,675,000 after buying an additional 11,000 shares during the last quarter. Royce & Associates LP increased its stake in shares of State Bank Financial Corporation. by 14.6% in the first quarter. Royce & Associates LP now owns 839,457 shares of the financial services provider’s stock valued at $21,927,000 after buying an additional 106,832 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of State Bank Financial Corporation. by 3.1% in the first quarter. Teachers Advisors LLC now owns 66,032 shares of the financial services provider’s stock valued at $1,725,000 after buying an additional 1,976 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of State Bank Financial Corporation. by 29.9% in the first quarter. Wellington Management Group LLP now owns 944,163 shares of the financial services provider’s stock valued at $24,662,000 after buying an additional 217,294 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of State Bank Financial Corporation. by 40.7% in the first quarter. Alliancebernstein L.P. now owns 220,272 shares of the financial services provider’s stock valued at $5,754,000 after buying an additional 63,720 shares during the last quarter. Institutional investors and hedge funds own 77.66% of the company’s stock.

Shares of State Bank Financial Corporation. (NASDAQ STBZ) traded down 0.04% on Friday, reaching $26.70. The company had a trading volume of 4,285 shares. State Bank Financial Corporation. has a 52-week low of $21.15 and a 52-week high of $28.38. The company’s 50-day moving average price is $27.06 and its 200-day moving average price is $26.53. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 20.51 and a beta of 0.97.

State Bank Financial Corporation. (NASDAQ:STBZ) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $56.95 million for the quarter, compared to analyst estimates of $54.83 million. State Bank Financial Corporation. had a return on equity of 8.40% and a net margin of 22.61%. On average, analysts predict that State Bank Financial Corporation. will post $1.45 earnings per share for the current year.

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Several brokerages have recently issued reports on STBZ. BidaskClub downgraded shares of State Bank Financial Corporation. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 price objective on shares of State Bank Financial Corporation. in a research note on Thursday, July 27th. Zacks Investment Research downgraded shares of State Bank Financial Corporation. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Finally, Stephens restated a “hold” rating on shares of State Bank Financial Corporation. in a research note on Thursday, April 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $28.63.

About State Bank Financial Corporation.

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 community banking services to individuals and businesses. Its product line includes loans to small and medium-sized businesses, 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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Institutional Ownership by Quarter for State Bank Financial Corporation. (NASDAQ:STBZ)

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