State Bank Financial Corp. (STBZ) Announces Quarterly Earnings, Beats Estimates By $0.08 EPS
State Bank Financial Corp. (NASDAQ:STBZ) announced its earnings results on Thursday. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08, StockRatingsNetwork reports.
A number of research firms have recently commented on STBZ. Analysts at Zacks upgraded shares of State Bank Financial Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 31st. They now have a $16.40 price target on the stock. Analysts at FIG Partners upgraded shares of State Bank Financial Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, July 26th. They now have a $19.50 price target on the stock, up previously from $17.75.
State Bank Financial Corp. (NASDAQ:STBZ) traded up 2.47% on Thursday, hitting $16.18. 26,477 shares of the company’s stock traded hands. State Bank Financial Corp. has a 52-week low of $14.30 and a 52-week high of $17.00. The stock has a 50-day moving average of $15.65 and a 200-day moving average of $15.56. The company has a market cap of $517.5 million and a price-to-earnings ratio of 90.75.
State Bank Financial Corporation is a bank holding company. It is the holding company for State Bank and Trust Company (NASDAQ:STBZ), which is a Georgia-based, state-chartered bank.
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