Shares of State Bank Financial Corporation. (NASDAQ:STBZ) have earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $28.17.

Several equities research analysts have weighed in on STBZ shares. Zacks Investment Research cut shares of State Bank Financial Corporation. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $30.00 price target on shares of State Bank Financial Corporation. in a research report on Sunday, June 18th. Finally, BidaskClub cut shares of State Bank Financial Corporation. from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd.

In other State Bank Financial Corporation. news, insider Bradford L. Watkins sold 7,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $27.01, for a total value of $189,070.00. Following the completion of the transaction, the insider now directly owns 81,190 shares in the company, valued at approximately $2,192,941.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Caulkins Brown sold 1,500 shares of the company’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $26.10, for a total transaction of $39,150.00. Following the completion of the transaction, the executive vice president now owns 53,291 shares of the company’s stock, valued at $1,390,895.10. The disclosure for this sale can be found here. Insiders sold a total of 10,530 shares of company stock valued at $283,250 over the last 90 days. Company insiders own 4.65% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in State Bank Financial Corporation. by 12.0% in the 1st quarter. Bank of America Corp DE now owns 220,164 shares of the financial services provider’s stock worth $5,750,000 after purchasing an additional 23,668 shares in the last quarter. AJO LP bought a new position in State Bank Financial Corporation. in the 2nd quarter worth $4,290,000. Royce & Associates LP raised its holdings in State Bank Financial Corporation. by 4.8% in the 2nd quarter. Royce & Associates LP now owns 879,957 shares of the financial services provider’s stock worth $23,864,000 after purchasing an additional 40,500 shares in the last quarter. Sei Investments Co. raised its holdings in State Bank Financial Corporation. by 3.3% in the 1st quarter. Sei Investments Co. now owns 3,869 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 122 shares in the last quarter. Finally, US Bancorp DE raised its holdings in State Bank Financial Corporation. by 5.1% in the 2nd quarter. US Bancorp DE now owns 5,200 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 252 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Shares of State Bank Financial Corporation. (NASDAQ:STBZ) traded down 0.38% during trading on Thursday, reaching $29.13. 52,634 shares of the company were exchanged. The stock has a 50-day moving average price of $27.56 and a 200-day moving average price of $26.76. State Bank Financial Corporation. has a one year low of $21.15 and a one year high of $29.52. The stock has a market capitalization of $1.10 billion, a PE ratio of 22.37 and a beta of 0.98.

State Bank Financial Corporation. (NASDAQ:STBZ) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.03. The business had revenue of $56.95 million during the quarter, compared to analysts’ expectations of $54.83 million. State Bank Financial Corporation. had a net margin of 22.61% and a return on equity of 8.40%. Analysts forecast that State Bank Financial Corporation. will post $1.45 EPS for the current year.

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

TRADEMARK VIOLATION WARNING: This story was published by American Banking News and is owned by of American Banking News. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/10/12/state-bank-financial-corporation-stbz-receives-average-rating-of-hold-from-brokerages.html.

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.

Receive News & Ratings for State Bank Financial Corporation. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for State Bank Financial Corporation. and related companies with MarketBeat.com's FREE daily email newsletter.