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) traded down $0.44 during trading on Friday, reaching $28.50. 211,990 shares of the company were exchanged, compared to its average volume of 111,063. The company has a market cap of $1,135.06, a price-to-earnings ratio of 23.75, a PEG ratio of 1.15 and a beta of 0.96. State Bank Financial has a twelve month low of $24.16 and a twelve month high of $31.75.

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.

Analyst Recommendations for State Bank Financial (NASDAQ:STBZ)

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