State Bank Financial Corp (NASDAQ:STBZ) – Analysts at SunTrust Banks boosted their Q3 2018 earnings estimates for shares of State Bank Financial in a research report issued on Monday. SunTrust Banks analyst J. Demba now anticipates that the financial services provider will post earnings per share of $0.64 for the quarter, up from their prior estimate of $0.51. SunTrust Banks has a “Buy” rating and a $38.00 price target on the stock. SunTrust Banks also issued estimates for State Bank Financial’s Q4 2018 earnings at $0.64 EPS.
A number of other brokerages also recently commented on STBZ. Gabelli downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Zacks Investment Research downgraded State Bank Financial from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. ValuEngine downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, Sandler O’Neill raised State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $33.25.
State Bank Financial (NASDAQ:STBZ) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. State Bank Financial had a return on equity of 8.44% and a net margin of 22.79%. The business had revenue of $54.01 million during the quarter, compared to the consensus estimate of $56.15 million.
Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its holdings in State Bank Financial by 459.6% in the second quarter. BNP Paribas Arbitrage SA now owns 4,538 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 3,727 shares in the last quarter. Sei Investments Co. boosted its holdings in State Bank Financial by 46.0% in the second quarter. Sei Investments Co. now owns 5,648 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 1,779 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in State Bank Financial in the second quarter valued at approximately $204,000. Susquehanna International Group LLP acquired a new position in State Bank Financial in the second quarter valued at approximately $215,000. Finally, SG Americas Securities LLC acquired a new position in State Bank Financial in the third quarter valued at approximately $230,000. 78.94% of the stock is owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Monday, December 4th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend was Friday, December 1st. State Bank Financial’s dividend payout ratio (DPR) is 41.79%.
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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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