SunTrust Banks reiterated their buy rating on shares of State Bank Financial (NASDAQ:STBZ) in a report released on Tuesday morning. They currently have a $38.00 price objective on the financial services provider’s stock. SunTrust Banks also issued estimates for State Bank Financial’s Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.64 EPS, FY2018 earnings at $2.36 EPS and FY2019 earnings at $2.54 EPS.

Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of State Bank Financial from a sell rating to a hold rating in a research note on Tuesday, October 31st. BidaskClub cut shares of State Bank Financial from a buy rating to a hold rating in a research note on Wednesday, December 27th. Sandler O’Neill upgraded shares of State Bank Financial from a hold rating to a buy rating and set a $35.00 price objective for the company in a research note on Friday, December 15th. Gabelli cut shares of State Bank Financial from a buy rating to a hold rating in a research note on Thursday, November 30th. Finally, ValuEngine cut shares of State Bank Financial from a buy rating to a hold rating in a research note on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $33.25.

Shares of State Bank Financial (STBZ) traded up $0.38 during midday trading on Tuesday, reaching $30.93. 171,787 shares of the company’s stock traded hands, compared to its average volume of 97,486. State Bank Financial has a twelve month low of $24.16 and a twelve month high of $31.75. The firm has a market cap of $1,185.74, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.36 and a beta of 0.95.

State Bank Financial (NASDAQ:STBZ) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. State Bank Financial had a net margin of 22.79% and a return on equity of 8.44%. The business had revenue of $54.01 million during the quarter, compared to analysts’ expectations of $56.15 million. sell-side analysts forecast that State Bank Financial will post 1.52 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Monday, December 4th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Friday, December 1st. State Bank Financial’s dividend payout ratio is currently 41.79%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC acquired a new position in shares of State Bank Financial in the 3rd quarter valued at $1,008,000. Dimensional Fund Advisors LP lifted its stake in shares of State Bank Financial by 8.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,198,614 shares of the financial services provider’s stock valued at $34,340,000 after purchasing an additional 94,752 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of State Bank Financial by 35.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 193,856 shares of the financial services provider’s stock valued at $5,554,000 after purchasing an additional 50,648 shares during the period. Wells Fargo & Company MN lifted its stake in shares of State Bank Financial by 39.7% in the 3rd quarter. Wells Fargo & Company MN now owns 53,773 shares of the financial services provider’s stock valued at $1,540,000 after purchasing an additional 15,270 shares during the period. Finally, Eagle Asset Management Inc. lifted its stake in shares of State Bank Financial by 1.9% in the 3rd quarter. Eagle Asset Management Inc. now owns 546,768 shares of the financial services provider’s stock valued at $15,916,000 after purchasing an additional 9,984 shares during the period. Hedge funds and other institutional investors own 78.94% of the company’s stock.

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About State Bank Financial

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.

Analyst Recommendations for State Bank Financial (NASDAQ:STBZ)

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