State Bank Financial Corporation. (NASDAQ:STBZ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “State Bank Financial Corporation through its subsidiary provides community banking services to individuals and businesses in the middle Georgia and metropolitan Atlanta markets. Products offered by the Company include checking accounts, commercial accounts, savings accounts, retirement accounts, time deposits and various loans. The Company also provides services including online banking and bill payment, online cash management, safe deposit box rental, debit card, and ATM card services. State Bank Financial Corporation is headquartered in Atlanta, Georgia. “

Other equities research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $30.00 price target on shares of State Bank Financial Corporation. in a report on Thursday, July 27th. BidaskClub upgraded State Bank Financial Corporation. from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $30.00.

Shares of State Bank Financial Corporation. (NASDAQ STBZ) opened at 29.30 on Tuesday. State Bank Financial Corporation. has a one year low of $21.15 and a one year high of $29.70. The firm’s 50-day moving average price is $28.55 and its 200 day moving average price is $27.10. The firm has a market cap of $1.11 billion, a P/E ratio of 22.50 and a beta of 0.98.

State Bank Financial Corporation. (NASDAQ:STBZ) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. State Bank Financial Corporation. had a return on equity of 8.51% and a net margin of 22.79%. The business had revenue of $54.01 million during the quarter, compared to the consensus estimate of $56.15 million. Analysts predict that State Bank Financial Corporation. will post $1.47 EPS for the current year.

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In other State Bank Financial Corporation. news, insider Bradford L. Watkins sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $27.14, for a total value of $27,140.00. Following the completion of the transaction, the insider now owns 72,500 shares in the company, valued at approximately $1,967,650. The sale was disclosed in a filing 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 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 of the company’s stock, valued at approximately $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 in the last 90 days. Corporate insiders own 4.65% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in State Bank Financial Corporation. by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,942,590 shares of the financial services provider’s stock valued at $79,802,000 after purchasing an additional 87,800 shares during the period. RE Advisers Corp grew its stake in State Bank Financial Corporation. by 6.0% in the 2nd quarter. RE Advisers Corp now owns 1,650,721 shares of the financial services provider’s stock valued at $44,768,000 after purchasing an additional 93,500 shares during the period. Goldman Sachs Group Inc. grew its stake in State Bank Financial Corporation. by 1.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,339,565 shares of the financial services provider’s stock valued at $34,989,000 after purchasing an additional 23,539 shares during the period. Dimensional Fund Advisors LP grew its stake in State Bank Financial Corporation. by 7.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,103,862 shares of the financial services provider’s stock valued at $29,937,000 after purchasing an additional 73,472 shares during the period. Finally, Royce & Associates LP grew its stake 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 valued at $23,864,000 after purchasing an additional 40,500 shares during the period. Hedge funds and other institutional investors own 77.66% of the company’s stock.

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.

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