State Bank Financial Corp (STBZ) CFO Purchases $97,350.00 in Stock
State Bank Financial Corp (NASDAQ:STBZ) CFO Sheila Ray purchased 3,300 shares of the stock in a transaction on Wednesday, February 28th. The shares were purchased at an average cost of $29.50 per share, for a total transaction of $97,350.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of State Bank Financial Corp (NASDAQ STBZ) opened at $29.38 on Monday. The stock has a market cap of $1,146.18, a price-to-earnings ratio of 19.46, a P/E/G ratio of 1.11 and a beta of 0.98. State Bank Financial Corp has a 12 month low of $24.16 and a 12 month high of $31.75.
State Bank Financial (NASDAQ:STBZ) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating 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 9.26%. The company had revenue of $68.16 million for the quarter, compared to the consensus estimate of $65.00 million. analysts predict that State Bank Financial Corp will post 2.16 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. increased its position in State Bank Financial by 15,144.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,811 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 3,786 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in State Bank Financial during the fourth quarter valued at $154,000. Cubist Systematic Strategies LLC bought a new position in State Bank Financial during the second quarter valued at $204,000. Xact Kapitalforvaltning AB bought a new position in State Bank Financial during the fourth quarter valued at $230,000. Finally, SG Americas Securities LLC bought a new position in State Bank Financial during the third quarter valued at $230,000. Institutional investors and hedge funds own 79.26% of the company’s stock.
STBZ has been the topic of several analyst reports. Gabelli downgraded shares of State Bank Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Sandler O’Neill raised shares of State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Friday, December 15th. ValuEngine downgraded shares of State Bank Financial from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. BidaskClub downgraded shares of State Bank Financial from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Zacks Investment Research downgraded shares of State Bank Financial from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $34.00.
State Bank Financial 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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