State Bank Financial (STBZ) Lowered to Strong Sell at ValuEngine

ValuEngine cut shares of State Bank Financial (NASDAQ:STBZ) from a sell rating to a strong sell rating in a report published on Friday morning.

A number of other equities analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of State Bank Financial from a market perform rating to an outperform rating and reduced their price target for the stock from $39.50 to $37.00 in a research report on Thursday, November 8th. BidaskClub raised shares of State Bank Financial from a strong sell rating to a sell rating in a research report on Tuesday, October 30th. Finally, Zacks Investment Research raised shares of State Bank Financial from a hold rating to a buy rating and set a $26.00 price target on the stock in a research report on Friday, October 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $33.83.

Shares of NASDAQ STBZ opened at $24.10 on Friday. The firm has a market cap of $936.64 million, a PE ratio of 12.07, a PEG ratio of 0.81 and a beta of 0.99. State Bank Financial has a twelve month low of $23.58 and a twelve month high of $35.99. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05.

State Bank Financial (NASDAQ:STBZ) last announced its quarterly earnings results on Monday, October 22nd. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.11). The firm had revenue of $68.32 million for the quarter, compared to the consensus estimate of $68.65 million. State Bank Financial had a return on equity of 11.91% and a net margin of 19.96%. As a group, equities analysts anticipate that State Bank Financial will post 2.2 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 11th. Investors of record on Monday, December 3rd will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.80 annualized dividend and a yield of 3.32%. State Bank Financial’s dividend payout ratio is currently 54.79%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in State Bank Financial by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,395,248 shares of the financial services provider’s stock valued at $102,468,000 after acquiring an additional 71,621 shares in the last quarter. Morgan Stanley lifted its position in State Bank Financial by 155.1% in the 3rd quarter. Morgan Stanley now owns 292,257 shares of the financial services provider’s stock valued at $8,821,000 after acquiring an additional 177,699 shares in the last quarter. Teachers Advisors LLC lifted its position in State Bank Financial by 6.9% in the 3rd quarter. Teachers Advisors LLC now owns 77,068 shares of the financial services provider’s stock valued at $2,326,000 after acquiring an additional 4,987 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its position in State Bank Financial by 136.4% in the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 166,372 shares of the financial services provider’s stock valued at $5,021,000 after acquiring an additional 96,000 shares in the last quarter. Finally, Maltese Capital Management LLC lifted its position in State Bank Financial by 83.3% in the 3rd quarter. Maltese Capital Management LLC now owns 330,000 shares of the financial services provider’s stock valued at $9,959,000 after acquiring an additional 150,000 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

State Bank Financial Company Profile

State Bank Financial Corporation operates as the bank holding company for State Bank and Trust Company that provides various community banking services to individuals and businesses. The company's deposit products and services include checking, commercial operating, savings and money market, and individual retirement accounts, as well as short- to longer-term certificates of deposit, commercial and consumer demand deposit, and savings and time deposit products.

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Analyst Recommendations for State Bank Financial (NASDAQ:STBZ)

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