State Bank Financial (STBZ) Raised to “Buy” at Sandler O’Neill

Sandler O’Neill upgraded shares of State Bank Financial (NASDAQ:STBZ) from a hold rating to a buy rating in a report issued on Friday, MarketBeat.com reports. They currently have $35.00 price target on the financial services provider’s stock.

Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of State Bank Financial from a sell rating to a hold rating in a research note on Tuesday, October 31st. BidaskClub raised shares of State Bank Financial from a strong sell rating to a sell rating in a research note on Saturday, August 26th. Finally, Gabelli lowered shares of State Bank Financial from a buy rating to a hold rating in a research note on Thursday, November 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. State Bank Financial presently has an average rating of Hold and an average price target of $31.67.

State Bank Financial (NASDAQ:STBZ) opened at $30.84 on Friday. State Bank Financial has a fifty-two week low of $24.16 and a fifty-two week high of $31.75. The stock has a market cap of $1,200.00, a price-to-earnings ratio of 22.09, a PEG ratio of 1.65 and a beta of 0.95.

State Bank Financial (NASDAQ:STBZ) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. State Bank Financial had a net margin of 22.79% and a return on equity of 8.44%. The company had revenue of $54.01 million during the quarter, compared to analyst estimates of $56.15 million. equities research analysts anticipate that State Bank Financial will post 1.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Monday, December 4th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Friday, December 1st. State Bank Financial’s payout ratio is presently 41.79%.

A number of hedge funds and other institutional investors have recently made changes to their positions in STBZ. Teachers Advisors LLC boosted its stake in State Bank Financial by 3.1% in the 1st quarter. Teachers Advisors LLC now owns 66,032 shares of the financial services provider’s stock worth $1,725,000 after purchasing an additional 1,976 shares during the period. Aperio Group LLC acquired a new position in shares of State Bank Financial during the 2nd quarter worth about $257,000. US Bancorp DE boosted its stake in shares of State Bank Financial by 5.1% during the 2nd 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. Sei Investments Co. boosted its stake in shares of State Bank Financial by 46.0% during the 2nd quarter. Sei Investments Co. now owns 5,648 shares of the financial services provider’s stock worth $153,000 after buying an additional 1,779 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of State Bank Financial by 0.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 143,208 shares of the financial services provider’s stock worth $3,884,000 after buying an additional 1,239 shares during the last quarter. 78.94% of the stock is owned by hedge funds and other institutional investors.

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About State Bank Financial

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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