State Bank Financial (STBZ) Rating Reiterated by Hovde Group

State Bank Financial (NASDAQ:STBZ)‘s stock had its “hold” rating reaffirmed by Hovde Group in a research note issued to investors on Tuesday.

A number of other equities analysts also recently commented on STBZ. Zacks Investment Research upgraded State Bank Financial from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Thursday, February 1st. BidaskClub upgraded State Bank Financial from a “sell” rating to a “hold” rating in a research note on Saturday. Gabelli upgraded State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Friday, January 26th. Stephens restated a “hold” rating and issued a $32.00 target price on shares of State Bank Financial in a research note on Friday, January 26th. Finally, SunTrust Banks restated a “buy” rating and issued a $38.00 target price on shares of State Bank Financial in a research note on Tuesday, January 9th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.00.

State Bank Financial (STBZ) traded up $0.22 during trading hours on Tuesday, reaching $29.11. The company had a trading volume of 149,039 shares, compared to its average volume of 100,802. State Bank Financial has a fifty-two week low of $24.16 and a fifty-two week high of $31.75. The firm has a market capitalization of $1,189.65, a P/E ratio of 24.26, a price-to-earnings-growth ratio of 1.21 and a beta of 0.96.

State Bank Financial (NASDAQ:STBZ) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.41 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $65.00 million. analysts predict that State Bank Financial will post 2.07 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new stake in shares of State Bank Financial during the second quarter valued at approximately $204,000. Susquehanna International Group LLP bought a new stake in shares of State Bank Financial during the second quarter valued at approximately $215,000. SG Americas Securities LLC bought a new stake in shares of State Bank Financial during the third quarter valued at approximately $230,000. Sei Investments Co. raised its holdings in shares of State Bank Financial by 59.1% during the third quarter. Sei Investments Co. now owns 8,988 shares of the financial services provider’s stock valued at $258,000 after buying an additional 3,340 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of State Bank Financial during the fourth quarter valued at approximately $277,000. 79.93% of the stock is currently owned by 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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