FIG Partners Brokers Raise Earnings Estimates for State Bank Financial Corp (STBZ)

State Bank Financial Corp (NASDAQ:STBZ) – Investment analysts at FIG Partners upped their Q2 2018 earnings per share (EPS) estimates for shares of State Bank Financial in a research note issued on Friday. FIG Partners analyst C. Marinac now forecasts that the financial services provider will post earnings per share of $0.51 for the quarter, up from their previous forecast of $0.45. FIG Partners also issued estimates for State Bank Financial’s Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.60 EPS, FY2018 earnings at $2.12 EPS, Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.61 EPS and FY2019 earnings at $2.35 EPS.

State Bank Financial (NASDAQ:STBZ) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. State Bank Financial had a return on equity of 9.29% and a net margin of 18.77%. The company had revenue of $68.16 million for the quarter, compared to analyst estimates of $65.00 million.

Several other research analysts have also issued reports on STBZ. BidaskClub lowered State Bank Financial from a “hold” rating to a “sell” rating in a research report on Friday. Gabelli raised State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Friday. Stephens reaffirmed a “hold” rating and set a $32.00 target price on shares of State Bank Financial in a research report on Friday. Zacks Investment Research lowered State Bank Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $38.00 target price on shares of State Bank Financial in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.00.

State Bank Financial (NASDAQ STBZ) opened at $30.54 on Monday. State Bank Financial has a 1 year low of $24.16 and a 1 year high of $31.75. The stock has a market capitalization of $1,166.63, a PE ratio of 25.45, a P/E/G ratio of 1.25 and a beta of 0.95.

Institutional investors have recently bought and sold shares of the business. Boston Partners grew its stake in State Bank Financial by 5.2% during the 3rd quarter. Boston Partners now owns 540,530 shares of the financial services provider’s stock valued at $15,486,000 after purchasing an additional 26,770 shares during the last quarter. Swiss National Bank grew its stake in State Bank Financial by 7.1% during the 2nd quarter. Swiss National Bank now owns 61,500 shares of the financial services provider’s stock valued at $1,668,000 after purchasing an additional 4,100 shares during the last quarter. Northern Trust Corp grew its stake in State Bank Financial by 5.7% during the 2nd quarter. Northern Trust Corp now owns 585,944 shares of the financial services provider’s stock valued at $15,890,000 after purchasing an additional 31,610 shares during the last quarter. Chicago Equity Partners LLC purchased a new stake in State Bank Financial during the 3rd quarter valued at about $1,682,000. Finally, Sterling Capital Management LLC purchased a new stake in State Bank Financial during the 3rd quarter valued at about $1,008,000. Institutional investors and hedge funds own 79.87% of the company’s stock.

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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.

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

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