State Bank Financial Corporation. (STBZ) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its stake in State Bank Financial Corporation. (NASDAQ:STBZ) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,503 shares of the financial services provider’s stock after selling 559 shares during the period. Wells Fargo & Company MN owned approximately 0.10% of State Bank Financial Corporation. worth $1,044,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Alps Advisors Inc. raised its holdings in State Bank Financial Corporation. by 0.3% in the second quarter. Alps Advisors Inc. now owns 18,173 shares of the financial services provider’s stock valued at $493,000 after buying an additional 47 shares during the period. US Bancorp DE raised its holdings 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 valued at $141,000 after buying an additional 252 shares during the period. Legal & General Group Plc raised its holdings in State Bank Financial Corporation. by 8.2% in the second quarter. Legal & General Group Plc now owns 9,419 shares of the financial services provider’s stock valued at $256,000 after buying an additional 716 shares during the period. Creative Planning raised its holdings in State Bank Financial Corporation. by 5.0% in the second quarter. Creative Planning now owns 18,852 shares of the financial services provider’s stock valued at $511,000 after buying an additional 900 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in State Bank Financial Corporation. by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 143,208 shares of the financial services provider’s stock valued at $3,884,000 after buying an additional 1,239 shares during the period. Hedge funds and other institutional investors own 77.66% of the company’s stock.

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Shares of State Bank Financial Corporation. (NASDAQ:STBZ) opened at $28.91 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.87. The company has a market cap of $1,129.57, a PE ratio of 20.99, a P/E/G ratio of 1.57 and a beta of 0.94.

State Bank Financial Corporation. (NASDAQ:STBZ) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. State Bank Financial Corporation. had a return on equity of 8.51% and a net margin of 22.79%. The company had revenue of $54.01 million for the quarter, compared to analysts’ expectations of $56.15 million. analysts expect that State Bank Financial Corporation. will post 1.51 earnings per share for the current fiscal year.

Several research firms recently commented on STBZ. Zacks Investment Research upgraded shares of State Bank Financial Corporation. from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub lowered shares of State Bank Financial Corporation. from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 price target on shares of State Bank Financial Corporation. in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.00.

In related news, insider Bradford L. Watkins sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $27.14, for a total value of $27,140.00. Following the completion of the sale, the insider now owns 72,500 shares of the company’s stock, valued at approximately $1,967,650. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP David Caulkins Brown sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $26.10, for a total value of $39,150.00. Following the completion of the sale, the executive vice president now directly owns 53,291 shares of the company’s stock, valued at approximately $1,390,895.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,530 shares of company stock worth $283,250. Company insiders own 4.65% of the company’s stock.

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

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