58,700 Shares in State Bank Financial Corporation. (STBZ) Purchased by Chicago Equity Partners LLC

Chicago Equity Partners LLC bought a new stake in State Bank Financial Corporation. (NASDAQ:STBZ) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 58,700 shares of the financial services provider’s stock, valued at approximately $1,682,000. Chicago Equity Partners LLC owned approximately 0.15% of State Bank Financial Corporation. as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its holdings in State Bank Financial Corporation. by 459.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,538 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 3,727 shares during the last quarter. 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 valued at $141,000 after acquiring an additional 252 shares during the last quarter. Sei Investments Co. lifted its holdings in State Bank Financial Corporation. by 46.0% in the 2nd quarter. Sei Investments Co. now owns 5,648 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 1,779 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in State Bank Financial Corporation. in the 2nd quarter valued at about $204,000. Finally, Gratus Capital LLC acquired a new stake in State Bank Financial Corporation. in the 2nd quarter valued at about $206,000. Hedge funds and other institutional investors own 77.26% of the company’s stock.

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A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of State Bank Financial Corporation. from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. BidaskClub downgraded shares of State Bank Financial Corporation. from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $30.00 price target on shares of State Bank Financial Corporation. in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. State Bank Financial Corporation. has an average rating of “Hold” and an average price target of $30.00.

In other State Bank Financial Corporation. news, EVP David Caulkins Brown sold 1,500 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $26.10, for a total transaction of $39,150.00. Following the completion of the sale, the executive vice president now directly owns 53,291 shares of the company’s stock, valued at $1,390,895.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bradford L. Watkins sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $27.14, for a total value of $27,140.00. Following the completion of the transaction, the insider now owns 72,500 shares in the company, valued at approximately $1,967,650. The disclosure for this sale can be found here. Insiders have sold 3,430 shares of company stock valued at $91,484 over the last ninety days. Insiders own 4.65% of the company’s stock.

Shares of State Bank Financial Corporation. (NASDAQ:STBZ) opened at $28.41 on Tuesday. State Bank Financial Corporation. has a 52 week low of $23.48 and a 52 week high of $29.70. The company has a market cap of $1,097.23, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.53 and a beta of 0.94.

State Bank Financial Corporation. (NASDAQ:STBZ) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. State Bank Financial Corporation. had a net margin of 22.79% and a return on equity of 8.44%. The company had revenue of $54.01 million during the quarter, compared to analyst estimates of $56.15 million. sell-side analysts predict that State Bank Financial Corporation. will post 1.51 EPS for the current fiscal year.

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.

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

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