State Bank Financial (STBZ) Reaches New 52-Week Low at $23.57

State Bank Financial Corp (NASDAQ:STBZ)’s share price reached a new 52-week low on Tuesday . The company traded as low as $23.57 and last traded at $23.37, with a volume of 14831 shares traded. The stock had previously closed at $24.52.

A number of research firms have recently weighed in on STBZ. Zacks Investment Research raised shares of State Bank Financial from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Wednesday, September 26th. ValuEngine downgraded shares of State Bank Financial from a “sell” rating to a “strong sell” rating in a research note on Friday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $39.50 price objective on shares of State Bank Financial in a report on Wednesday, August 8th. Finally, BidaskClub cut shares of State Bank Financial from a “hold” rating to a “sell” rating in a report on Thursday, September 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $33.83.

The firm has a market capitalization of $935.09 million, a PE ratio of 15.98, a price-to-earnings-growth ratio of 0.81 and a beta of 0.98. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.91 and a current ratio of 0.92.

State Bank Financial (NASDAQ:STBZ) last issued its quarterly earnings data on Monday, October 22nd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.11). The business had revenue of $68.32 million during 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 expect that State Bank Financial Corp will post 2.2 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 11th. Investors of record on Monday, December 3rd will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Friday, November 30th. State Bank Financial’s dividend payout ratio is presently 54.79%.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in State Bank Financial by 2.2% in the third quarter. Vanguard Group Inc. now owns 3,395,248 shares of the financial services provider’s stock worth $102,468,000 after purchasing an additional 71,621 shares in the last quarter. Morgan Stanley boosted its holdings in State Bank Financial by 155.1% in the third quarter. Morgan Stanley now owns 292,257 shares of the financial services provider’s stock worth $8,821,000 after purchasing an additional 177,699 shares in the last quarter. Teachers Advisors LLC boosted its holdings in State Bank Financial by 6.9% in the third quarter. Teachers Advisors LLC now owns 77,068 shares of the financial services provider’s stock worth $2,326,000 after purchasing 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 boosted its holdings in State Bank Financial by 136.4% in the third 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 worth $5,021,000 after purchasing an additional 96,000 shares in the last quarter. Finally, Maltese Capital Management LLC boosted its holdings in State Bank Financial by 83.3% during the third 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 during the period. Hedge funds and other institutional investors own 78.70% of the company’s stock.

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State Bank Financial Company Profile (NASDAQ:STBZ)

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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