State Bank Financial Corp. Coverage Initiated at Wunderlich (STBZ)
Analysts at Wunderlich began coverage on shares of State Bank Financial Corp. (NASDAQ:STBZ) in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $23.00 price target on the stock. Wunderlich’s price objective suggests a potential upside of 34.27% from the stock’s previous close.
The analysts wrote, “We are initiating coverage of State Bank Financial Corporation (STBZ) with a Buy rating and 12- to 18-month price target of $23 on the shares. “In our opinion, State Bank is emerging as a high-growth community bank with a well respected and very deep management team that should create meaningful shareholder value over the next several years by executing a market-share-moving strategy complemented by accretive acquisitions. “STBZ shares currently trade at a meaningful discount to peers (P/TBV), but we believe multiple expansion is likely as the company continues to grow organically and the impact of covered loans diminishes over the next 12 to 18 months. Accordingly, we rate STBZ shares Buy with a $23 price target.”
Separately, analysts at TheStreet downgraded shares of State Bank Financial Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th.
State Bank Financial Corp. (NASDAQ:STBZ) opened at 17.11 on Thursday. State Bank Financial Corp. has a 1-year low of $15.02 and a 1-year high of $19.69. The stock’s 50-day moving average is $16.34 and its 200-day moving average is $17.11. The company has a market cap of $549.1 million and a P/E ratio of 31.51.
State Bank Financial Corp. (NASDAQ:STBZ) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.15 by $0.02. On average, analysts predict that State Bank Financial Corp. will post $0.77 earnings per share for the current fiscal year.
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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