State Bank Financial Corporation. (NASDAQ:STBZ) – Stock analysts at SunTrust Banks lowered their Q1 2018 earnings per share estimates for shares of State Bank Financial Corporation. in a report issued on Wednesday. SunTrust Banks analyst J. Demba now expects that the financial services provider will earn $0.43 per share for the quarter, down from their previous forecast of $0.45.

State Bank Financial Corporation. (NASDAQ:STBZ) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.03. State Bank Financial Corporation. had a return on equity of 8.40% and a net margin of 22.61%. The company had revenue of $56.95 million for the quarter, compared to analysts’ expectations of $54.83 million.

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Several other equities analysts have also commented on STBZ. BidaskClub upgraded State Bank Financial Corporation. from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Keefe, Bruyette & Woods restated a “hold” rating and set a $30.00 target price on shares of State Bank Financial Corporation. in a report on Sunday, June 18th. Finally, Zacks Investment Research cut State Bank Financial Corporation. from a “buy” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $28.17.

State Bank Financial Corporation. (STBZ) traded up 0.41% during mid-day trading on Friday, reaching $29.30. The company had a trading volume of 20,421 shares. State Bank Financial Corporation. has a 12-month low of $21.15 and a 12-month high of $29.50. The stock has a 50 day moving average price of $27.21 and a 200-day moving average price of $26.63. The stock has a market capitalization of $1.11 billion, a P/E ratio of 22.50 and a beta of 0.98.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of State Bank Financial Corporation. by 3.1% in the second quarter. Vanguard Group Inc. now owns 2,942,590 shares of the financial services provider’s stock worth $79,802,000 after purchasing an additional 87,800 shares during the last quarter. RE Advisers Corp increased its stake in State Bank Financial Corporation. by 6.0% during the second quarter. RE Advisers Corp now owns 1,650,721 shares of the financial services provider’s stock worth $44,768,000 after acquiring an additional 93,500 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in State Bank Financial Corporation. by 1.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,339,565 shares of the financial services provider’s stock worth $34,989,000 after acquiring an additional 23,539 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in State Bank Financial Corporation. by 7.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,103,862 shares of the financial services provider’s stock worth $29,937,000 after acquiring an additional 73,472 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in State Bank Financial Corporation. by 29.9% during the first quarter. Wellington Management Group LLP now owns 944,163 shares of the financial services provider’s stock worth $24,662,000 after acquiring an additional 217,294 shares during the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Bradford L. Watkins sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $27.14, for a total value of $27,140.00. Following the transaction, the insider now directly owns 72,500 shares in the company, valued at $1,967,650. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Caulkins Brown sold 1,500 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $26.10, for a total value of $39,150.00. Following the completion of the transaction, the executive vice president now owns 53,291 shares in the company, valued at $1,390,895.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,530 shares of company stock worth $283,250. Company insiders own 4.65% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Tuesday, September 5th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.92%. State Bank Financial Corporation.’s dividend payout ratio (DPR) is currently 42.75%.

State Bank Financial Corporation. Company Profile

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.

Earnings History and Estimates for State Bank Financial Corporation. (NASDAQ:STBZ)

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