SunTrust Banks Equities Analysts Increase Earnings Estimates for State Bank Financial Corporation. (NASDAQ:STBZ)

State Bank Financial Corporation. (NASDAQ:STBZ) – Equities researchers at SunTrust Banks lifted their Q3 2017 EPS estimates for State Bank Financial Corporation. in a research note issued to investors on Monday. SunTrust Banks analyst J. Demba now anticipates that the financial services provider will post earnings of $0.38 per share for the quarter, up from their prior forecast of $0.37. SunTrust Banks also issued estimates for State Bank Financial Corporation.’s Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $0.46 EPS, Q3 2018 earnings at $0.47 EPS and FY2018 earnings at $1.86 EPS.

Several other research firms have also issued reports on STBZ. BidaskClub lowered shares of State Bank Financial Corporation. from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Stephens reissued a “hold” rating on shares of State Bank Financial Corporation. in a research note on Thursday, April 27th. Zacks Investment Research raised 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 research note on Tuesday, May 2nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $30.00 target price on shares of State Bank Financial Corporation. in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $28.63.

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Shares of State Bank Financial Corporation. (NASDAQ STBZ) opened at 27.45 on Tuesday. The company has a market capitalization of $1.04 billion, a PE ratio of 21.08 and a beta of 0.97. The firm’s 50-day moving average price is $27.03 and its 200-day moving average price is $26.48. State Bank Financial Corporation. has a 12-month low of $19.78 and a 12-month high of $28.38.

State Bank Financial Corporation. (NASDAQ:STBZ) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.03. The business had revenue of $56.95 million for the quarter, compared to analysts’ expectations of $54.83 million. State Bank Financial Corporation. had a return on equity of 8.52% and a net margin of 22.61%.

A number of hedge funds have recently 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. US Bancorp DE increased its stake in State Bank Financial Corporation. by 5.1% in the second quarter. US Bancorp DE now owns 5,200 shares of the financial services provider’s stock worth $141,000 after buying an additional 252 shares during the last quarter. Aperio Group LLC acquired a new stake in State Bank Financial Corporation. during the second quarter worth approximately $257,000. TFS Capital LLC acquired a new stake in State Bank Financial Corporation. during the first quarter worth approximately $263,000. Finally, 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. Institutional investors own 77.61% 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.

Earnings History and Estimates for State Bank Financial Corporation. (NASDAQ:STBZ)

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