State Bank Financial Corp Announces Dividend of $0.14 (STBZ)
State Bank Financial Corp (NASDAQ:STBZ) announced a dividend on Thursday, May 25th. Investors of record on Monday, June 5th will be paid a dividend of 0.14 per share by the financial services provider on Tuesday, June 13th. The ex-dividend date is Thursday, June 1st.
Shares of State Bank Financial Corp (NASDAQ:STBZ) traded down 0.31% during mid-day trading on Friday, hitting $25.91. 43,130 shares of the company traded hands. State Bank Financial Corp has a one year low of $19.14 and a one year high of $28.25. The firm has a 50-day moving average of $26.14 and a 200-day moving average of $26.14. The stock has a market capitalization of $981.13 million, a price-to-earnings ratio of 20.10 and a beta of 0.86.
State Bank Financial Corp (NASDAQ:STBZ) last announced its earnings results on Thursday, April 27th. The financial services provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $53.42 million for the quarter, compared to the consensus estimate of $52.07 million. State Bank Financial Corp had a net margin of 23.17% and a return on equity of 8.57%. On average, equities analysts predict that State Bank Financial Corp will post $1.39 earnings per share for the current year.
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A number of equities research analysts recently weighed in on STBZ shares. Zacks Investment Research downgraded shares of State Bank Financial Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Gabelli raised shares of State Bank Financial Corp from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Friday, January 27th. Finally, Stephens reaffirmed a “hold” rating on shares of State Bank Financial Corp in a research note on Thursday, April 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.25.
In other State Bank Financial Corp news, Director John D. Houser sold 4,481 shares of State Bank Financial Corp stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $26.67, for a total transaction of $119,508.27. Following the transaction, the director now directly owns 36,682 shares of the company’s stock, valued at $978,308.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.31% of the company’s stock.
A hedge fund recently raised its stake in State Bank Financial Corp stock. Teachers Advisors LLC raised its stake in State Bank Financial Corp (NASDAQ:STBZ) by 3.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,032 shares of the financial services provider’s stock after buying an additional 1,976 shares during the period. Teachers Advisors LLC owned 0.17% of State Bank Financial Corp worth $1,725,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 82.62% of the company’s stock.
About State Bank Financial Corp
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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