ValuEngine Downgrades State Bank Financial (STBZ) to Hold

State Bank Financial (NASDAQ:STBZ) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday.

A number of other equities research analysts have also recently commented on STBZ. Zacks Investment Research cut shares of State Bank Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Sandler O’Neill upgraded shares of State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Friday, December 15th. Finally, Gabelli cut shares of State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. State Bank Financial currently has a consensus rating of “Hold” and an average price target of $31.67.

Shares of State Bank Financial (NASDAQ:STBZ) opened at $30.15 on Wednesday. The company has a market cap of $1,193.54, a PE ratio of 22.50, a PEG ratio of 1.66 and a beta of 0.95. State Bank Financial has a 12-month low of $24.16 and a 12-month high of $31.75.

State Bank Financial (NASDAQ:STBZ) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. The business had revenue of $54.01 million during the quarter, compared to analysts’ expectations of $56.15 million. State Bank Financial had a net margin of 26.73% and a return on equity of 8.84%. research analysts expect that State Bank Financial will post 1.51 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in STBZ. BNP Paribas Arbitrage SA increased its position in State Bank Financial by 459.6% during the second quarter. BNP Paribas Arbitrage SA now owns 4,538 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 3,727 shares during the last quarter. Sei Investments Co. increased its position in State Bank Financial by 46.0% during the second quarter. Sei Investments Co. now owns 5,648 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 1,779 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in State Bank Financial during the second quarter worth about $204,000. Gratus Capital LLC acquired a new stake in State Bank Financial during the second quarter worth about $206,000. Finally, Susquehanna International Group LLP acquired a new stake in State Bank Financial during the second quarter worth about $215,000. Hedge funds and other institutional investors own 78.94% of the company’s stock.

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State Bank Financial 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.

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