Wall Street analysts predict that State Bank Financial Corp (NASDAQ:STBZ) will post sales of $65.00 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for State Bank Financial’s earnings, with the lowest sales estimate coming in at $62.90 million and the highest estimate coming in at $67.10 million. State Bank Financial reported sales of $49.06 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 32.5%. The firm is scheduled to report its next earnings results on Thursday, January 25th.

According to Zacks, analysts expect that State Bank Financial will report full-year sales of $65.00 million for the current financial year, with estimates ranging from $227.30 million to $232.00 million. For the next year, analysts expect that the firm will post sales of $275.10 million per share, with estimates ranging from $268.30 million to $284.30 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover State Bank Financial.

State Bank Financial (NASDAQ:STBZ) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $54.01 million for the quarter, compared to analyst estimates of $56.15 million. State Bank Financial had a net margin of 22.79% and a return on equity of 8.44%.

STBZ has been the topic of several analyst reports. BidaskClub upgraded shares of State Bank Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Zacks Investment Research lowered shares of State Bank Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Gabelli lowered shares of State Bank Financial from a “buy” rating to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. State Bank Financial presently has a consensus rating of “Hold” and a consensus target price of $30.00.

In related news, insider Bradford L. Watkins sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $27.14, for a total transaction of $27,140.00. Following the completion of the sale, the insider now directly owns 72,500 shares of the company’s stock, valued at approximately $1,967,650. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.65% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of STBZ. BNP Paribas Arbitrage SA boosted its holdings in State Bank Financial by 459.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,538 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 3,727 shares during the period. US Bancorp DE boosted its holdings in State Bank Financial by 5.1% in the 2nd quarter. US Bancorp DE now owns 5,200 shares of the financial services provider’s stock valued at $141,000 after purchasing an additional 252 shares during the period. Sei Investments Co. boosted its holdings in State Bank Financial by 46.0% in the 2nd quarter. Sei Investments Co. now owns 5,648 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 1,779 shares during the period. Cubist Systematic Strategies LLC bought a new stake in State Bank Financial in the 2nd quarter valued at $204,000. Finally, Gratus Capital LLC bought a new stake in State Bank Financial in the 2nd quarter valued at $206,000. 78.99% of the stock is owned by institutional investors and hedge funds.

State Bank Financial (NASDAQ STBZ) traded up $0.01 during trading on Friday, reaching $30.31. 79,402 shares of the company’s stock traded hands, compared to its average volume of 94,837. The firm has a market cap of $1,181.85, a price-to-earnings ratio of 21.96, a PEG ratio of 1.65 and a beta of 0.95. State Bank Financial has a 1 year low of $24.16 and a 1 year high of $31.75.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Monday, December 4th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, December 1st. State Bank Financial’s dividend payout ratio is currently 41.79%.

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About State Bank Financial

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

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