Ranger Investment Management L.P. Has $1.17 Million Stake in State Bank Financial Corporation. (NASDAQ:STBZ)

Ranger Investment Management L.P. decreased its position in State Bank Financial Corporation. (NASDAQ:STBZ) by 15.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,780 shares of the financial services provider’s stock after selling 8,120 shares during the period. Ranger Investment Management L.P. owned about 0.12% of State Bank Financial Corporation. worth $1,170,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of STBZ. AQR Capital Management LLC increased its position in shares of State Bank Financial Corporation. by 86.9% in the first quarter. AQR Capital Management LLC now owns 66,980 shares of the financial services provider’s stock worth $1,750,000 after buying an additional 31,141 shares in the last quarter. State Street Corp raised its stake in shares of State Bank Financial Corporation. by 17.2% in the first quarter. State Street Corp now owns 856,460 shares of the financial services provider’s stock worth $22,372,000 after buying an additional 125,437 shares during the period. Bank of America Corp DE raised its stake in shares of State Bank Financial Corporation. by 12.0% in the first quarter. Bank of America Corp DE now owns 220,164 shares of the financial services provider’s stock worth $5,750,000 after buying an additional 23,668 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of State Bank Financial Corporation. by 5.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 141,969 shares of the financial services provider’s stock worth $3,709,000 after buying an additional 7,677 shares during the period. Finally, Citadel Advisors LLC raised its stake in shares of State Bank Financial Corporation. by 12.7% in the first quarter. Citadel Advisors LLC now owns 14,621 shares of the financial services provider’s stock worth $382,000 after buying an additional 1,653 shares during the period. Hedge funds and other institutional investors own 77.35% of the company’s stock.

State Bank Financial Corporation. (STBZ) traded up 0.63% on Wednesday, hitting $27.32. The company’s stock had a trading volume of 33,516 shares. The stock has a market cap of $1.03 billion, a PE ratio of 21.19 and a beta of 0.97. The firm has a 50 day moving average of $26.23 and a 200-day moving average of $26.40. State Bank Financial Corporation. has a 12 month low of $19.78 and a 12 month high of $28.38.

State Bank Financial Corporation. (NASDAQ:STBZ) last posted its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The company had revenue of $53.42 million during the quarter, compared to analyst estimates of $52.07 million. State Bank Financial Corporation. had a return on equity of 8.45% and a net margin of 22.61%. On average, analysts expect that State Bank Financial Corporation. will post $1.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Monday, June 5th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $0.56 dividend on an annualized basis and a yield of 2.06%. State Bank Financial Corporation.’s payout ratio is 43.41%.

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Several brokerages have recently issued reports on STBZ. Zacks Investment Research raised shares of State Bank Financial Corporation. from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, May 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $30.00 price target on shares of State Bank Financial Corporation. in a research note on Sunday, June 18th. Stephens reissued a “hold” rating on shares of State Bank Financial Corporation. in a research report on Thursday, April 27th. Finally, BidaskClub lowered State Bank Financial Corporation. from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $27.80.

In other State Bank Financial Corporation. news, Director John D. Houser sold 4,481 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $26.67, for a total transaction of $119,508.27. Following the sale, the director now owns 36,682 shares in the company, valued at $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.

State Bank Financial Corporation. 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.

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

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