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.
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.
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