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.
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.
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