Bessemer Group Inc. lowered its stake in State Bank Financial Corp (NASDAQ:STBZ) by 17.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,900 shares of the financial services provider’s stock after selling 6,300 shares during the period. Bessemer Group Inc.’s holdings in State Bank Financial were worth $646,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STBZ. Water Island Capital LLC grew its position in State Bank Financial by 136.8% in the fourth quarter. Water Island Capital LLC now owns 1,341,951 shares of the financial services provider’s stock worth $28,973,000 after acquiring an additional 775,339 shares in the last quarter. Alpine Associates Management Inc. grew its position in State Bank Financial by 292.0% in the third quarter. Alpine Associates Management Inc. now owns 631,174 shares of the financial services provider’s stock worth $19,049,000 after acquiring an additional 470,169 shares in the last quarter. Summit Securities Group LLC purchased a new position in State Bank Financial in the fourth quarter worth about $5,655,000. Morgan Stanley grew its position in State Bank Financial by 155.1% in the third quarter. Morgan Stanley now owns 292,257 shares of the financial services provider’s stock worth $8,821,000 after acquiring an additional 177,699 shares in the last quarter. Finally, Maltese Capital Management LLC grew its position in State Bank Financial by 83.3% in the third quarter. Maltese Capital Management LLC now owns 330,000 shares of the financial services provider’s stock worth $9,959,000 after acquiring an additional 150,000 shares in the last quarter. Institutional investors own 78.64% of the company’s stock.

Shares of NASDAQ STBZ opened at $21.59 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $837.69 million, a price-to-earnings ratio of 14.79, a PEG ratio of 0.66 and a beta of 0.99. State Bank Financial Corp has a 1 year low of $20.16 and a 1 year high of $35.99.

STBZ has been the subject of several recent research reports. BidaskClub lowered State Bank Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, November 30th. ValuEngine lowered State Bank Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, November 30th. Finally, Zacks Investment Research lowered State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. State Bank Financial has an average rating of “Hold” and an average price target of $31.50.

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State Bank Financial Profile

State Bank Financial Corporation operates as the bank holding company for State Bank and Trust Company that provides various community banking services to individuals and businesses. The company's deposit products and services include checking, commercial operating, savings and money market, and individual retirement accounts, as well as short- to longer-term certificates of deposit, commercial and consumer demand deposit, and savings and time deposit products.

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

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