State Bank Financial Corp (STBZ) Receives Average Rating of “Hold” from Analysts
State Bank Financial Corp (NASDAQ:STBZ) has been assigned an average recommendation of “Hold” from the nine brokerages that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $34.00.
A number of equities analysts have commented on the stock. Hovde Group reissued a “hold” rating on shares of State Bank Financial in a research note on Tuesday. Zacks Investment Research raised 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 “hold” rating to a “sell” rating in a research note on Friday, January 26th. Gabelli raised shares of State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Friday, January 26th. Finally, Sandler O’Neill raised shares of State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Friday, December 15th.
Hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC purchased a new stake in shares of State Bank Financial in the 2nd quarter valued at $204,000. Susquehanna International Group LLP purchased a new stake in shares of State Bank Financial in the 2nd quarter valued at $215,000. SG Americas Securities LLC purchased a new stake in shares of State Bank Financial in the 3rd quarter valued at $230,000. California Public Employees Retirement System purchased a new stake in shares of State Bank Financial in the 4th quarter valued at $253,000. Finally, Sei Investments Co. boosted its stake in shares of State Bank Financial by 59.1% in the 3rd quarter. Sei Investments Co. now owns 8,988 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 3,340 shares in the last quarter. 79.93% of the stock is owned by institutional investors and hedge funds.
State Bank Financial (NASDAQ:STBZ) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. State Bank Financial had a net margin of 18.77% and a return on equity of 9.29%. The business had revenue of $68.16 million for the quarter, compared to analyst estimates of $65.00 million. analysts forecast that State Bank Financial will post 2.07 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, March 5th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Friday, March 2nd. This is a boost from State Bank Financial’s previous quarterly dividend of $0.14. State Bank Financial’s payout ratio is currently 46.67%.
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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.
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