State Bank Financial Corporation. (STBZ) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in State Bank Financial Corporation. (NASDAQ:STBZ) by 46.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,648 shares of the financial services provider’s stock after buying an additional 1,779 shares during the quarter. Sei Investments Co.’s holdings in State Bank Financial Corporation. were worth $153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in STBZ. US Bancorp DE lifted its holdings in State Bank Financial Corporation. by 5.1% in the 2nd quarter. US Bancorp DE now owns 5,200 shares of the financial services provider’s stock worth $141,000 after buying an additional 252 shares during the period. Aperio Group LLC purchased a new stake in State Bank Financial Corporation. in the 2nd quarter worth approximately $257,000. TFS Capital LLC purchased a new stake in State Bank Financial Corporation. in the 1st quarter worth approximately $263,000. Citadel Advisors LLC lifted its holdings in State Bank Financial Corporation. by 12.7% in the 1st 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. Finally, Creative Planning lifted its holdings in State Bank Financial Corporation. by 5.0% in the 2nd quarter. Creative Planning now owns 18,852 shares of the financial services provider’s stock worth $511,000 after buying an additional 900 shares during the period. Institutional investors and hedge funds own 78.40% of the company’s stock.

In related news, insider Bradford L. Watkins sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $27.01, for a total value of $189,070.00. Following the completion of the sale, the insider now owns 81,190 shares in the company, valued at $2,192,941.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Caulkins Brown sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $26.10, for a total value of $39,150.00. Following the completion of the sale, the executive vice president now owns 53,291 shares of the company’s stock, valued at approximately $1,390,895.10. The disclosure for this sale can be found here. Insiders sold 9,530 shares of company stock valued at $256,110 in the last quarter. 4.65% of the stock is owned by company insiders.

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State Bank Financial Corporation. (NASDAQ STBZ) opened at 26.61 on Tuesday. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 20.44 and a beta of 0.97. State Bank Financial Corporation. has a 12 month low of $21.15 and a 12 month high of $28.38. The stock has a 50 day moving average price of $26.73 and a 200 day moving average price of $26.48.

State Bank Financial Corporation. (NASDAQ:STBZ) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $56.95 million during the quarter, compared to analyst estimates of $54.83 million. State Bank Financial Corporation. had a return on equity of 8.40% and a net margin of 22.61%. Analysts anticipate that State Bank Financial Corporation. will post $1.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Tuesday, September 5th will be issued a $0.14 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.10%. State Bank Financial Corporation.’s payout ratio is 42.75%.

Several research firms have weighed in on STBZ. BidaskClub cut State Bank Financial Corporation. from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $30.00 target price on shares of State Bank Financial Corporation. in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. State Bank Financial Corporation. presently has an average rating of “Hold” and an average target price of $28.63.

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

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