According to Zacks, “State Bank Financial Corporation through its subsidiary provides community banking services to individuals and businesses in the middle Georgia and metropolitan Atlanta markets. Products offered by the Company include checking accounts, commercial accounts, savings accounts, retirement accounts, time deposits and various loans. The Company also provides services including online banking and bill payment, online cash management, safe deposit box rental, debit card, and ATM card services. State Bank Financial Corporation is headquartered in Atlanta, Georgia. “
A number of other analysts have also recently weighed in on the stock. Stephens cut shares of State Bank Financial Corp. from an overweight rating to an equal weight rating in a research note on Friday, July 29th. FBR & Co increased their price target on shares of State Bank Financial Corp. from $24.00 to $24.50 and gave the stock an outperform rating in a research note on Friday, July 29th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $22.50.
Shares of State Bank Financial Corp. (NASDAQ:STBZ) opened at 22.46 on Wednesday. The stock has a 50 day moving average of $22.63 and a 200 day moving average of $21.33. State Bank Financial Corp. has a 12 month low of $17.34 and a 12 month high of $23.73. The firm has a market cap of $804.56 million, a price-to-earnings ratio of 17.98 and a beta of 0.89.
State Bank Financial Corp. (NASDAQ:STBZ) last issued its earnings results on Thursday, July 28th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.06. State Bank Financial Corp. had a net margin of 22.73% and a return on equity of 8.47%. On average, equities research analysts expect that State Bank Financial Corp. will post $1.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Tuesday, September 6th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.56 dividend on an annualized basis and a yield of 2.49%. State Bank Financial Corp.’s payout ratio is currently 45.16%.
Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of State Bank Financial Corp. by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 134,705 shares of the financial services provider’s stock worth $2,741,000 after buying an additional 1,099 shares during the last quarter. Chicago Equity Partners LLC purchased a new position in shares of State Bank Financial Corp. during the second quarter worth approximately $1,658,000. National Investment Services Inc. WI purchased a new position in shares of State Bank Financial Corp. during the second quarter worth approximately $254,000. Bank of Montreal Can purchased a new position in shares of State Bank Financial Corp. during the second quarter worth approximately $14,071,000. Finally, Royal Bank of Canada increased its position in shares of State Bank Financial Corp. by 0.4% in the first quarter. Royal Bank of Canada now owns 86,951 shares of the financial services provider’s stock worth $1,719,000 after buying an additional 319 shares during the last quarter. Institutional investors own 81.92% of the company’s stock.
State Bank Financial Corp. 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 a range of community banking services to individuals and businesses within its markets. Its product line includes loans to small and medium-sized businesses (SMBs), 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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