Keeley Teton Advisors LLC reduced its position in State Bank Financial Corp (NASDAQ:STBZ) by 18.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 570,646 shares of the financial services provider’s stock after selling 130,517 shares during the period. Keeley Teton Advisors LLC owned 1.46% of State Bank Financial worth $16,349,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in State Bank Financial by 3.1% during the second quarter. Vanguard Group Inc. now owns 2,942,590 shares of the financial services provider’s stock valued at $79,802,000 after purchasing an additional 87,800 shares during the period. Dimensional Fund Advisors LP raised its position in State Bank Financial by 8.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,198,614 shares of the financial services provider’s stock valued at $34,340,000 after purchasing an additional 94,752 shares during the period. Royce & Associates LP raised its position in State Bank Financial by 4.8% during the second quarter. Royce & Associates LP now owns 879,957 shares of the financial services provider’s stock valued at $23,864,000 after purchasing an additional 40,500 shares during the period. State Street Corp raised its position in State Bank Financial by 17.2% during the first quarter. State Street Corp now owns 856,460 shares of the financial services provider’s stock valued at $22,372,000 after purchasing an additional 125,437 shares during the period. Finally, Northern Trust Corp raised its position in State Bank Financial by 5.7% during the second quarter. Northern Trust Corp now owns 585,944 shares of the financial services provider’s stock valued at $15,890,000 after purchasing an additional 31,610 shares during the period. Institutional investors own 78.94% of the company’s stock.
A number of brokerages have issued reports on STBZ. Gabelli downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Zacks Investment Research downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, BidaskClub upgraded State Bank Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. State Bank Financial currently has an average rating of “Hold” and a consensus target price of $30.00.
Shares of State Bank Financial Corp (NASDAQ STBZ) opened at $29.64 on Thursday. State Bank Financial Corp has a 52-week low of $24.16 and a 52-week high of $31.75. The stock has a market capitalization of $1,167.80, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 1.63 and a beta of 0.95.
State Bank Financial (NASDAQ:STBZ) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $54.01 million for the quarter, compared to analysts’ expectations of $56.15 million. State Bank Financial had a return on equity of 8.44% and a net margin of 22.79%. analysts forecast that State Bank Financial Corp will post 1.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Monday, December 4th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, December 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.89%. State Bank Financial’s dividend payout ratio is 41.79%.
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About State Bank Financial
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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