State Bank Financial Corporation. (STBZ) Rating Increased to Hold at Zacks Investment Research

State Bank Financial Corporation. (NASDAQ:STBZ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “State Bank Financial Corporation through its subsidiary provides community banking services to individuals and businesses in the middle Georgia and metropolitan Atlanta markets. Products offered by the Company include checking accounts, commercial accounts, savings accounts, retirement accounts, time deposits and various loans. The Company also provides services including online banking and bill payment, online cash management, safe deposit box rental, debit card, and ATM card services. State Bank Financial Corporation is headquartered in Atlanta, Georgia. “

A number of other equities research analysts have also recently weighed in on the company. BidaskClub raised State Bank Financial Corporation. from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $30.00 target price on shares of State Bank Financial Corporation. in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $30.00.

State Bank Financial Corporation. (NASDAQ:STBZ) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. The company had revenue of $54.01 million for the quarter, compared to analysts’ expectations of $56.15 million. State Bank Financial Corporation. had a return on equity of 8.51% and a net margin of 22.79%.

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In related news, insider Bradford L. Watkins sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $27.01, for a total transaction of $189,070.00. Following the sale, the insider now owns 81,190 shares of the company’s stock, valued at $2,192,941.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP David Caulkins Brown sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $26.10, for a total value of $39,150.00. Following the sale, the executive vice president now directly owns 53,291 shares in the company, valued at approximately $1,390,895.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,530 shares of company stock worth $283,250. 4.65% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in State Bank Financial Corporation. by 3.1% during the second quarter. Vanguard Group Inc. now owns 2,942,590 shares of the financial services provider’s stock worth $79,802,000 after purchasing an additional 87,800 shares in the last quarter. RE Advisers Corp raised its holdings in State Bank Financial Corporation. by 6.0% during the second quarter. RE Advisers Corp now owns 1,650,721 shares of the financial services provider’s stock worth $44,768,000 after purchasing an additional 93,500 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in State Bank Financial Corporation. by 1.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,339,565 shares of the financial services provider’s stock worth $34,989,000 after purchasing an additional 23,539 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in State Bank Financial Corporation. by 7.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,103,862 shares of the financial services provider’s stock worth $29,937,000 after purchasing an additional 73,472 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in State Bank Financial Corporation. by 4.8% during the second quarter. Royce & Associates LP now owns 879,957 shares of the financial services provider’s stock worth $23,864,000 after purchasing an additional 40,500 shares in the last quarter. 77.66% of the stock is currently owned by hedge funds and other institutional investors.

About State Bank Financial Corporation.

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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