HighTower Advisors LLC raised its position in shares of State Bank Financial Corporation. (NASDAQ:STBZ) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,593 shares of the financial services provider’s stock after purchasing an additional 658 shares during the period. HighTower Advisors LLC owned approximately 0.14% of State Bank Financial Corporation. worth $1,426,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in STBZ. Bank of New York Mellon Corp raised its position in State Bank Financial Corporation. by 7.2% during the first quarter. Bank of New York Mellon Corp now owns 170,469 shares of the financial services provider’s stock valued at $4,452,000 after purchasing an additional 11,499 shares in the last quarter. Sei Investments Co. increased its holdings in shares of State Bank Financial Corporation. by 3.3% during the first quarter. Sei Investments Co. now owns 3,869 shares of the financial services provider’s stock worth $101,000 after buying an additional 122 shares in the last quarter. American International Group Inc. increased its holdings in shares of State Bank Financial Corporation. by 7.1% during the first quarter. American International Group Inc. now owns 21,540 shares of the financial services provider’s stock worth $563,000 after buying an additional 1,431 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of State Bank Financial Corporation. by 40.7% during the first quarter. Alliancebernstein L.P. now owns 220,272 shares of the financial services provider’s stock worth $5,754,000 after buying an additional 63,720 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of State Bank Financial Corporation. by 29.9% during the first quarter. Wellington Management Group LLP now owns 944,163 shares of the financial services provider’s stock worth $24,662,000 after buying an additional 217,294 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

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State Bank Financial Corporation. (NASDAQ:STBZ) opened at 29.36 on Wednesday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 22.55 and a beta of 0.98. State Bank Financial Corporation. has a one year low of $21.15 and a one year high of $29.50. The stock’s 50 day moving average is $27.48 and its 200 day moving average is $26.74.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, September 5th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Thursday, August 31st. State Bank Financial Corporation.’s dividend payout ratio (DPR) is currently 42.75%.

Several research analysts have recently issued reports on STBZ shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $30.00 price target on shares of State Bank Financial Corporation. in a report on Sunday, June 18th. Zacks Investment Research downgraded shares of State Bank Financial Corporation. from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, BidaskClub upgraded shares of State Bank Financial Corporation. from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $28.17.

In other news, insider Bradford L. Watkins sold 7,000 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $27.01, for a total transaction of $189,070.00. Following the sale, the insider now owns 81,190 shares in the company, valued at approximately $2,192,941.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Bradford L. Watkins sold 930 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $27.09, for a total transaction of $25,193.70. Following the sale, the insider now owns 73,500 shares in the company, valued at approximately $1,991,115. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,530 shares of company stock worth $283,250. Corporate insiders own 4.65% of the company’s stock.

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.

Institutional Ownership by Quarter for State Bank Financial Corporation. (NASDAQ:STBZ)

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