Metropolitan Life Insurance Co. NY Maintains Stake in State Bank Financial Corporation. (STBZ)

Metropolitan Life Insurance Co. NY maintained its stake in State Bank Financial Corporation. (NASDAQ:STBZ) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,758 shares of the financial services provider’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned approximately 0.06% of State Bank Financial Corporation. worth $621,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in STBZ. Sei Investments Co. increased its stake in State Bank Financial Corporation. by 3.3% in the first quarter. Sei Investments Co. now owns 3,869 shares of the financial services provider’s stock worth $101,000 after buying an additional 122 shares during the last quarter. TFS Capital LLC acquired a new stake in State Bank Financial Corporation. during the first quarter worth approximately $263,000. Citadel Advisors LLC increased its stake in State Bank Financial Corporation. by 12.7% in the first quarter. Citadel Advisors LLC now owns 14,621 shares of the financial services provider’s stock worth $382,000 after buying an additional 1,653 shares during the last quarter. Creative Planning increased its stake in State Bank Financial Corporation. by 38.9% in the first quarter. Creative Planning now owns 17,952 shares of the financial services provider’s stock worth $469,000 after buying an additional 5,028 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in State Bank Financial Corporation. during the fourth quarter worth approximately $500,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

State Bank Financial Corporation. (NASDAQ:STBZ) traded up 0.19% on Friday, hitting $26.09. 73,233 shares of the stock traded hands. State Bank Financial Corporation. has a 12-month low of $21.15 and a 12-month high of $28.38. The company’s 50 day moving average price is $27.05 and its 200-day moving average price is $26.53. The stock has a market capitalization of $988.71 million, a P/E ratio of 20.04 and a beta of 0.97.

State Bank Financial Corporation. (NASDAQ:STBZ) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The business had revenue of $56.95 million for the quarter, compared to the consensus estimate of $54.83 million. State Bank Financial Corporation. had a net margin of 22.61% and a return on equity of 8.40%. Analysts predict that State Bank Financial Corporation. will post $1.45 EPS for the current year.

WARNING: This article was published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.com-unik.info/2017/08/19/state-bank-financial-corporation-stbz-position-held-by-metropolitan-life-insurance-co-ny-updated.html.

A number of analysts recently commented on the stock. BidaskClub downgraded shares of State Bank Financial Corporation. from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $30.00 target price on shares of State Bank Financial Corporation. in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of State Bank Financial Corporation. from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, May 2nd. Finally, Stephens reissued a “hold” rating on shares of State Bank Financial Corporation. in a research report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $28.63.

In other State Bank Financial Corporation. news, insider Bradford L. Watkins sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $27.01, for a total transaction of $189,070.00. Following the sale, the insider now directly owns 81,190 shares in the company, valued at approximately $2,192,941.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.65% of the company’s stock.

State Bank Financial Corporation. 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.

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

What are top analysts saying about State Bank Financial Corporation.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for State Bank Financial Corporation. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit