BidaskClub Downgrades State Bank Financial (STBZ) to Sell

State Bank Financial (NASDAQ:STBZ) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

Other equities analysts also recently issued reports about the stock. SunTrust Banks reaffirmed a “buy” rating and set a $38.00 price objective on shares of State Bank Financial in a report on Tuesday, January 9th. Sandler O’Neill raised shares of State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Friday, December 15th. Gabelli downgraded shares of State Bank Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Zacks Investment Research raised shares of State Bank Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, ValuEngine downgraded shares of State Bank Financial from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. State Bank Financial presently has an average rating of “Hold” and a consensus target price of $34.00.

State Bank Financial (NASDAQ STBZ) traded up $0.62 during trading hours on Friday, hitting $30.54. 119,335 shares of the stock were exchanged, compared to its average volume of 80,421. The company has a market cap of $1,166.63, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 1.25 and a beta of 0.95. State Bank Financial has a one year low of $24.16 and a one year high of $31.75.

State Bank Financial (NASDAQ:STBZ) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. The company had revenue of $68.16 million during the quarter, compared to the consensus estimate of $65.00 million. State Bank Financial had a net margin of 18.77% and a return on equity of 9.29%. equities research analysts anticipate that State Bank Financial will post 1.96 EPS for the current year.

A number of hedge funds have recently made changes to their positions in STBZ. Wasatch Advisors Inc. lifted its holdings in State Bank Financial by 75.4% during the 4th quarter. Wasatch Advisors Inc. now owns 518,583 shares of the financial services provider’s stock valued at $15,475,000 after purchasing an additional 222,904 shares during the last quarter. Bank of Montreal Can lifted its holdings in State Bank Financial by 18.4% during the 4th quarter. Bank of Montreal Can now owns 854,640 shares of the financial services provider’s stock valued at $25,503,000 after purchasing an additional 132,693 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in State Bank Financial by 8.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,198,614 shares of the financial services provider’s stock valued at $34,340,000 after purchasing an additional 94,752 shares during the last quarter. Vanguard Group Inc. lifted its holdings in State Bank Financial by 3.1% during 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 last quarter. Finally, Chicago Equity Partners LLC bought a new position in State Bank Financial during the 3rd quarter valued at about $1,682,000. 79.87% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for State Bank Financial (NASDAQ:STBZ)

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