Jupiter Asset Management Ltd. Increases Position in State Bank Financial Corporation. (STBZ)

Jupiter Asset Management Ltd. raised its stake in shares of State Bank Financial Corporation. (NASDAQ:STBZ) by 0.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,526 shares of the financial services provider’s stock after buying an additional 906 shares during the period. Jupiter Asset Management Ltd. owned approximately 0.53% of State Bank Financial Corporation. worth $5,264,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in STBZ. Banc Funds Co. LLC raised its position in shares of State Bank Financial Corporation. by 1.4% in the third quarter. Banc Funds Co. LLC now owns 1,774,045 shares of the financial services provider’s stock valued at $40,484,000 after buying an additional 25,000 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of State Bank Financial Corporation. by 40.5% in the first quarter. Victory Capital Management Inc. now owns 1,286,927 shares of the financial services provider’s stock worth $33,614,000 after buying an additional 370,940 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of State Bank Financial Corporation. by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 905,789 shares of the financial services provider’s stock worth $24,330,000 after buying an additional 74,395 shares in the last quarter. RMB Capital Management LLC raised its position in shares of State Bank Financial Corporation. by 650.0% in the third quarter. RMB Capital Management LLC now owns 810,648 shares of the financial services provider’s stock worth $18,499,000 after buying an additional 702,557 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of State Bank Financial Corporation. by 9.7% in the fourth quarter. Royce & Associates LP now owns 732,625 shares of the financial services provider’s stock worth $19,678,000 after buying an additional 64,500 shares in the last quarter. 77.80% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for State Bank Financial Corporation. (NASDAQ:STBZ)

Shares of State Bank Financial Corporation. (STBZ) traded down 1.29% during trading on Friday, reaching $26.79. The company’s stock had a trading volume of 378,910 shares. State Bank Financial Corporation. has a 52 week low of $19.14 and a 52 week high of $28.38. The company has a 50 day moving average price of $26.27 and a 200 day moving average price of $26.34. The firm has a market capitalization of $1.01 billion, a P/E ratio of 20.78 and a beta of 0.89.

State Bank Financial Corporation. (NASDAQ:STBZ) last posted its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. State Bank Financial Corporation. had a net margin of 22.61% and a return on equity of 8.45%. The firm had revenue of $53.42 million during the quarter, compared to analyst estimates of $52.07 million. On average, equities research analysts expect that State Bank Financial Corporation. will post $1.39 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Investors of record on Monday, June 5th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date was Thursday, June 1st. State Bank Financial Corporation.’s dividend payout ratio is 43.41%.

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A number of research analysts have recently weighed in on STBZ shares. Zacks Investment Research lowered State Bank Financial Corporation. from a “buy” rating to a “hold” rating in a report on Thursday, March 30th. Stephens reaffirmed a “hold” rating on shares of State Bank Financial Corporation. in a report on Thursday, April 27th. Finally, BidaskClub raised State Bank Financial Corporation. from a “sell” rating to a “hold” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. State Bank Financial Corporation. has an average rating of “Hold” and an average target price of $27.25.

In related news, Director John D. Houser sold 4,481 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $26.67, for a total value of $119,508.27. Following the completion of the transaction, the director now owns 36,682 shares of the company’s stock, valued at approximately $978,308.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.65% of the company’s stock.

About State Bank Financial Corporation.

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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