33,200 Shares in State Bank Financial Corp (STBZ) Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new position in shares of State Bank Financial Corp (NASDAQ:STBZ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 33,200 shares of the financial services provider’s stock, valued at approximately $1,109,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in State Bank Financial by 11.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,401,114 shares of the financial services provider’s stock valued at $42,047,000 after purchasing an additional 139,986 shares in the last quarter. Millennium Management LLC boosted its position in State Bank Financial by 32.0% during the first quarter. Millennium Management LLC now owns 915,460 shares of the financial services provider’s stock valued at $27,473,000 after purchasing an additional 221,694 shares in the last quarter. Russell Investments Group Ltd. boosted its position in State Bank Financial by 18.2% during the first quarter. Russell Investments Group Ltd. now owns 875,397 shares of the financial services provider’s stock valued at $26,269,000 after purchasing an additional 134,626 shares in the last quarter. Wasatch Advisors Inc. boosted its position in State Bank Financial by 24.9% during the first quarter. Wasatch Advisors Inc. now owns 647,886 shares of the financial services provider’s stock valued at $19,443,000 after purchasing an additional 129,303 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its position in State Bank Financial by 11.8% during the first quarter. Eagle Asset Management Inc. now owns 458,215 shares of the financial services provider’s stock valued at $13,751,000 after purchasing an additional 48,191 shares in the last quarter. 79.00% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the company. SunTrust Banks downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Monday, May 14th. Sandler O’Neill downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Gabelli downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, May 15th. BidaskClub downgraded State Bank Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 13th. Finally, Zacks Investment Research raised State Bank Financial from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Tuesday, July 3rd. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $36.08.

Shares of NASDAQ STBZ opened at $32.90 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.90 and a quick ratio of 0.89. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 1.12 and a beta of 0.88. State Bank Financial Corp has a fifty-two week low of $25.41 and a fifty-two week high of $35.99.

State Bank Financial (NASDAQ:STBZ) last announced its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.07). State Bank Financial had a return on equity of 10.64% and a net margin of 20.06%. The firm had revenue of $67.05 million during the quarter, compared to analysts’ expectations of $67.60 million. equities analysts anticipate that State Bank Financial Corp will post 2.19 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 11th. Stockholders of record on Tuesday, September 4th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Friday, August 31st. State Bank Financial’s payout ratio is 54.79%.

State Bank Financial Company Profile

State Bank Financial Corporation operates as the bank holding company for State Bank and Trust Company that provides various community banking services to individuals and businesses. The company's deposit products and services include checking, commercial operating, savings and money market, and individual retirement accounts, as well as short- to longer-term certificates of deposit, commercial and consumer demand deposit, and savings and time deposit products.

Further Reading: Market Capitalization

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

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