State Bank Financial (STBZ) Receives “Buy” Rating from SunTrust Banks

SunTrust Banks reiterated their buy rating on shares of State Bank Financial (NASDAQ:STBZ) in a research note published on Tuesday. They currently have a $38.00 price objective on the financial services provider’s stock. SunTrust Banks also issued estimates for State Bank Financial’s Q1 2018 earnings at $0.49 EPS, Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.64 EPS, FY2018 earnings at $2.36 EPS and FY2019 earnings at $2.54 EPS.

Several other brokerages have also issued reports on STBZ. BidaskClub lowered shares of State Bank Financial from a buy rating to a hold rating in a research note on Wednesday, December 27th. Zacks Investment Research lowered shares of State Bank Financial from a buy rating to a hold rating in a research note on Tuesday, October 3rd. ValuEngine lowered shares of State Bank Financial from a buy rating to a hold rating in a research note on Wednesday, December 27th. Gabelli lowered shares of State Bank Financial from a buy rating to a hold rating in a research note on Thursday, November 30th. Finally, Sandler O’Neill upgraded shares of State Bank Financial from a hold rating to a buy rating and set a $35.00 price target on the stock in a research note on Friday, December 15th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $33.25.

State Bank Financial (NASDAQ STBZ) traded up $0.37 on Tuesday, reaching $31.30. 109,900 shares of the company traded hands, compared to its average volume of 99,037. The company has a market cap of $1,210.00, a PE ratio of 23.36, a P/E/G ratio of 1.36 and a beta of 0.95. State Bank Financial has a 1-year low of $24.16 and a 1-year high of $31.75.

State Bank Financial (NASDAQ:STBZ) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $54.01 million for the quarter, compared to analysts’ expectations of $56.15 million. State Bank Financial had a net margin of 22.79% and a return on equity of 8.44%. research analysts expect that State Bank Financial will post 1.52 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its stake in State Bank Financial 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 buying an additional 3,727 shares during the last quarter. Sei Investments Co. increased its stake in shares of State Bank Financial by 46.0% during the 2nd quarter. Sei Investments Co. now owns 5,648 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 1,779 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of State Bank Financial during the 2nd quarter worth about $204,000. Susquehanna International Group LLP acquired a new position in shares of State Bank Financial during the 2nd quarter worth about $215,000. Finally, SG Americas Securities LLC acquired a new position in shares of State Bank Financial during the 3rd quarter worth about $230,000. Hedge funds and other institutional investors own 78.94% of the company’s stock.

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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.

Analyst Recommendations for State Bank Financial (NASDAQ:STBZ)

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