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.
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.
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.com-unik.info/2017/12/19/state-bank-financial-stbz-raised-to-buy-at-sandler-oneill.html.
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.
What are top analysts saying about State Bank Financial? - 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 and related companies.