State Bank Financial Corp (STBZ) Expected to Post Quarterly Sales of $65.00 Million

Wall Street brokerages expect that State Bank Financial Corp (NASDAQ:STBZ) will post $65.00 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for State Bank Financial’s earnings. The highest sales estimate is $67.10 million and the lowest is $62.90 million. State Bank Financial reported sales of $49.06 million in the same quarter last year, which suggests a positive year-over-year growth rate of 32.5%. The firm is expected to report its next earnings results before the market opens on Thursday, January 25th.

On average, analysts expect that State Bank Financial will report full-year sales of $65.00 million for the current year, with estimates ranging from $227.30 million to $232.00 million. For the next fiscal year, analysts anticipate that the company will report sales of $275.10 million per share, with estimates ranging from $268.30 million to $284.30 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for State Bank Financial.

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

STBZ has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Gabelli downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Sandler O’Neill upgraded State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Friday, December 15th. ValuEngine downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, BidaskClub downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. One equities 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 company currently has an average rating of “Hold” and a consensus target price of $31.67.

Shares of State Bank Financial (NASDAQ STBZ) opened at $30.41 on Friday. State Bank Financial has a 12-month low of $24.16 and a 12-month high of $31.75. The stock has a market capitalization of $1,166.24, a price-to-earnings ratio of 22.69, a P/E/G ratio of 1.33 and a beta of 0.95.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Monday, December 4th were given a $0.14 dividend. The ex-dividend date was Friday, December 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.84%. State Bank Financial’s dividend payout ratio (DPR) is presently 41.79%.

Several hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC raised its position in shares of State Bank Financial by 1.3% in the second quarter. HighTower Advisors LLC now owns 52,593 shares of the financial services provider’s stock worth $1,426,000 after buying an additional 658 shares in the last quarter. Legal & General Group Plc increased its stake in State Bank Financial by 8.2% in the second quarter. Legal & General Group Plc now owns 9,419 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 716 shares during the last quarter. Nationwide Fund Advisors increased its stake in State Bank Financial by 3.4% in the second quarter. Nationwide Fund Advisors now owns 25,608 shares of the financial services provider’s stock valued at $694,000 after acquiring an additional 846 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in State Bank Financial by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 143,208 shares of the financial services provider’s stock valued at $3,884,000 after acquiring an additional 1,239 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in State Bank Financial by 7.3% in the second quarter. Voya Investment Management LLC now owns 20,822 shares of the financial services provider’s stock valued at $565,000 after acquiring an additional 1,409 shares during the last quarter. Institutional investors own 78.94% of the company’s stock.

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State Bank Financial 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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