$0.38 Earnings Per Share Expected for State Bank Financial Corp (STBZ) This Quarter

Wall Street analysts predict that State Bank Financial Corp (NASDAQ:STBZ) will report $0.38 earnings per share for the current quarter, Zacks reports. Two analysts have provided estimates for State Bank Financial’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.37. State Bank Financial reported earnings per share of $0.28 in the same quarter last year, which would suggest a positive year over year growth rate of 35.7%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, January 25th.

On average, analysts expect that State Bank Financial will report full year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.48 to $1.55. For the next financial year, analysts forecast that the business will report earnings of $1.96 per share, with EPS estimates ranging from $1.67 to $2.36. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for State Bank Financial.

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

Several brokerages recently issued reports on STBZ. Zacks Investment Research downgraded State Bank Financial from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. SunTrust Banks reissued a “buy” rating and issued a $38.00 price target on shares of State Bank Financial in a report on Tuesday, January 9th. ValuEngine downgraded State Bank Financial from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. BidaskClub downgraded State Bank Financial from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Gabelli downgraded State Bank Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. State Bank Financial has an average rating of “Hold” and an average price target of $33.25.

Shares of State Bank Financial (NASDAQ STBZ) traded up $0.29 during midday trading on Friday, hitting $30.98. The company had a trading volume of 90,362 shares, compared to its average volume of 74,323. The company has a market cap of $1,207.97, a P/E ratio of 23.12, a price-to-earnings-growth ratio of 1.30 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.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC lifted its holdings in shares of State Bank Financial by 1.3% in the 2nd quarter. HighTower Advisors LLC now owns 52,593 shares of the financial services provider’s stock worth $1,426,000 after purchasing an additional 658 shares during the last quarter. Legal & General Group Plc raised its stake in State Bank Financial by 8.2% during the 2nd 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 in the last quarter. Nationwide Fund Advisors raised its stake in State Bank Financial by 3.4% during the 2nd 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 in the last quarter. Schwab Charles Investment Management Inc. raised its stake in State Bank Financial by 0.9% during the 2nd 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 in the last quarter. Finally, Voya Investment Management LLC raised its stake in State Bank Financial by 7.3% during the 2nd 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 in the last quarter. 78.94% of the stock is currently owned by institutional investors and hedge funds.

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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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