State Street Corp Increases Stake in State Bank Financial Corporation. (NASDAQ:STBZ)

State Street Corp raised its position in State Bank Financial Corporation. (NASDAQ:STBZ) by 17.2% during the first quarter, Holdings Channel reports. The firm owned 856,460 shares of the financial services provider’s stock after buying an additional 125,437 shares during the period. State Street Corp’s holdings in State Bank Financial Corporation. were worth $22,372,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Great Lakes Advisors LLC raised its stake in State Bank Financial Corporation. by 17.8% in the first quarter. Great Lakes Advisors LLC now owns 37,086 shares of the financial services provider’s stock worth $969,000 after buying an additional 5,594 shares during the period. Sei Investments Co. raised its stake in State Bank Financial Corporation. by 3.3% in the first quarter. Sei Investments Co. now owns 3,869 shares of the financial services provider’s stock worth $101,000 after buying an additional 122 shares during the period. AQR Capital Management LLC raised its stake in State Bank Financial Corporation. by 28.5% in the fourth quarter. AQR Capital Management LLC now owns 35,839 shares of the financial services provider’s stock worth $963,000 after buying an additional 7,958 shares during the period. Bank of America Corp DE raised its stake in State Bank Financial Corporation. by 12.0% in the first quarter. Bank of America Corp DE now owns 220,164 shares of the financial services provider’s stock worth $5,750,000 after buying an additional 23,668 shares during the period. Finally, Jupiter Asset Management Ltd. raised its stake in State Bank Financial Corporation. by 0.5% in the first quarter. Jupiter Asset Management Ltd. now owns 201,526 shares of the financial services provider’s stock worth $5,264,000 after buying an additional 906 shares during the period. 77.66% of the stock is owned by institutional investors.

State Bank Financial Corporation. (STBZ) traded down 0.4809% during mid-day trading on Thursday, reaching $26.8801. 24,487 shares of the company were exchanged. State Bank Financial Corporation. has a 1-year low of $21.15 and a 1-year high of $28.38. The stock’s 50-day moving average price is $27.04 and its 200-day moving average price is $26.53. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 20.6452 and a beta of 0.97.

State Bank Financial Corporation. (NASDAQ:STBZ) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. The company had revenue of $56.95 million during the quarter, compared to the consensus estimate of $54.83 million. State Bank Financial Corporation. had a return on equity of 8.40% and a net margin of 22.61%. On average, equities research analysts anticipate that State Bank Financial Corporation. will post $1.45 EPS for the current fiscal year.

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A number of analysts recently weighed in on STBZ shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $30.00 price objective on shares of State Bank Financial Corporation. in a research note on Sunday, June 18th. Zacks Investment Research raised shares of State Bank Financial Corporation. from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, May 2nd. BidaskClub lowered shares of State Bank Financial Corporation. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, Stephens reaffirmed a “hold” rating on shares of State Bank Financial Corporation. in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $28.63.

About State Bank Financial Corporation.

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.

Want to see what other hedge funds are holding STBZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for State Bank Financial Corporation. (NASDAQ:STBZ).

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

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