BidaskClub Upgrades State Bank Financial (STBZ) to “Buy”

State Bank Financial (NASDAQ:STBZ) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of State Bank Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Hovde Group restated a “hold” rating on shares of State Bank Financial in a report on Tuesday, February 6th. Stephens restated a “hold” rating and set a $32.00 price objective on shares of State Bank Financial in a report on Friday, January 26th. Gabelli upgraded shares of State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Friday, January 26th. Finally, SunTrust Banks restated a “buy” rating and set a $38.00 price objective on shares of State Bank Financial in a report on Tuesday, January 9th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. State Bank Financial has an average rating of “Hold” and an average price target of $34.00.

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Shares of STBZ stock opened at $29.13 on Friday. The firm has a market cap of $1,136.42, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 1.09 and a beta of 0.98. State Bank Financial has a twelve month low of $24.16 and a twelve month high of $31.75.

State Bank Financial (NASDAQ:STBZ) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The company had revenue of $68.16 million for the quarter, compared to analyst estimates of $65.00 million. State Bank Financial had a net margin of 18.77% and a return on equity of 9.26%. equities research analysts expect that State Bank Financial will post 2.18 EPS for the current fiscal year.

In related news, CFO Sheila Ray acquired 3,300 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $29.50 per share, for a total transaction of $97,350.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.65% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in STBZ. Aperio Group LLC grew its position in State Bank Financial by 35.3% in the third quarter. Aperio Group LLC now owns 12,829 shares of the financial services provider’s stock valued at $368,000 after purchasing an additional 3,350 shares in the last quarter. Sei Investments Co. grew its position in State Bank Financial by 59.1% in the third quarter. Sei Investments Co. now owns 8,988 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 3,340 shares in the last quarter. SG Americas Securities LLC bought a new position in State Bank Financial in the third quarter valued at $230,000. Rothschild Asset Management Inc. grew its position in State Bank Financial by 1.0% in the third quarter. Rothschild Asset Management Inc. now owns 183,209 shares of the financial services provider’s stock valued at $5,249,000 after purchasing an additional 1,820 shares in the last quarter. Finally, American International Group Inc. grew its position in State Bank Financial by 8.1% in the third quarter. American International Group Inc. now owns 25,160 shares of the financial services provider’s stock valued at $721,000 after purchasing an additional 1,881 shares in the last quarter. 79.26% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for State Bank Financial (NASDAQ:STBZ)

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