Banc Funds Co. LLC cut its stake in State Bank Financial Corporation. (NASDAQ:STBZ) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,844,691 shares of the financial services provider’s stock after selling 133,989 shares during the period. State Bank Financial Corporation. accounts for 2.3% of Banc Funds Co. LLC’s portfolio, making the stock its 2nd largest position. Banc Funds Co. LLC owned approximately 4.87% of State Bank Financial Corporation. worth $50,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in State Bank Financial Corporation. by 7.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,103,862 shares of the financial services provider’s stock valued at $29,937,000 after acquiring an additional 73,472 shares in the last quarter. Citadel Advisors LLC raised its holdings in State Bank Financial Corporation. by 205.9% in the second quarter. Citadel Advisors LLC now owns 44,728 shares of the financial services provider’s stock valued at $1,213,000 after acquiring an additional 30,107 shares in the last quarter. Vanguard Group Inc. raised its holdings in State Bank Financial Corporation. by 3.1% in the second quarter. Vanguard Group Inc. now owns 2,942,590 shares of the financial services provider’s stock valued at $79,802,000 after acquiring an additional 87,800 shares in the last quarter. Northern Trust Corp raised its holdings in State Bank Financial Corporation. by 5.7% in the second quarter. Northern Trust Corp now owns 585,944 shares of the financial services provider’s stock valued at $15,890,000 after acquiring an additional 31,610 shares in the last quarter. Finally, Penn Capital Management Co. Inc. raised its holdings in State Bank Financial Corporation. by 11.4% in the second quarter. Penn Capital Management Co. Inc. now owns 165,746 shares of the financial services provider’s stock valued at $4,495,000 after acquiring an additional 16,972 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

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Several research firms recently issued reports on STBZ. BidaskClub cut shares of State Bank Financial Corporation. from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $30.00 price target on shares of State Bank Financial Corporation. in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. State Bank Financial Corporation. presently has a consensus rating of “Hold” and a consensus price target of $28.63.

State Bank Financial Corporation. (NASDAQ:STBZ) last issued its earnings results on Thursday, July 27th. The financial services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $56.95 million during the quarter, compared to analysts’ expectations of $54.83 million. State Bank Financial Corporation. had a return on equity of 8.40% and a net margin of 22.61%.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, September 5th were given a $0.14 dividend. The ex-dividend date was Thursday, August 31st. This represents a $0.56 annualized dividend and a yield of 2.03%. State Bank Financial Corporation.’s dividend payout ratio (DPR) is currently 42.75%.

In related news, EVP David Caulkins Brown sold 1,500 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $26.10, for a total value of $39,150.00. Following the completion of the transaction, the executive vice president now directly owns 53,291 shares of the company’s stock, valued at $1,390,895.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bradford L. Watkins sold 7,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $27.01, for a total value of $189,070.00. Following the completion of the transaction, the insider now directly owns 81,190 shares of the company’s stock, valued at $2,192,941.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,530 shares of company stock valued at $283,250. 4.65% of the stock is owned by company insiders.

State Bank Financial Corporation. Company Profile

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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