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.
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.
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