Wall Street brokerages predict that State Bank Financial (NASDAQ:STBZ) will announce earnings of $0.48 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for State Bank Financial’s earnings, with estimates ranging from $0.46 to $0.49. State Bank Financial posted earnings of $0.34 per share in the same quarter last year, which would suggest a positive year over year growth rate of 41.2%. The business is scheduled to issue its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that State Bank Financial will report full-year earnings of $2.19 per share for the current financial year, with EPS estimates ranging from $2.12 to $2.35. For the next financial year, analysts anticipate that the business will post earnings of $2.37 per share, with EPS estimates ranging from $2.26 to $2.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover State Bank Financial.
State Bank Financial (NASDAQ:STBZ) last released 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. State Bank Financial had a return on equity of 9.26% and a net margin of 18.77%. The firm had revenue of $68.16 million for the quarter, compared to the consensus estimate of $65.00 million.
NASDAQ STBZ traded down $0.60 during trading hours on Friday, hitting $29.82. 155,648 shares of the company’s stock were exchanged, compared to its average volume of 112,469. State Bank Financial has a 12-month low of $24.65 and a 12-month high of $31.75. The company has a market capitalization of $1,175.44, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.13 and a beta of 0.93.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Monday, March 5th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 2nd. This is an increase from State Bank Financial’s previous quarterly dividend of $0.14. This represents a $0.80 annualized dividend and a yield of 2.68%. State Bank Financial’s dividend payout ratio is 54.79%.
In other news, CFO Sheila Ray acquired 3,300 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were bought 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 SEC, which is available through the SEC website. Company insiders own 4.65% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of State Bank Financial by 3.1% in the 4th quarter. BlackRock Inc. now owns 2,121,798 shares of the financial services provider’s stock worth $63,316,000 after purchasing an additional 63,881 shares during the period. Banc Funds Co. LLC raised its holdings in shares of State Bank Financial by 1.1% in the 4th quarter. Banc Funds Co. LLC now owns 1,701,639 shares of the financial services provider’s stock worth $50,777,000 after purchasing an additional 18,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of State Bank Financial by 8.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,198,614 shares of the financial services provider’s stock worth $34,340,000 after purchasing an additional 94,752 shares during the period. Royce & Associates LP raised its holdings in shares of State Bank Financial by 4.1% in the 4th quarter. Royce & Associates LP now owns 882,928 shares of the financial services provider’s stock worth $26,347,000 after purchasing an additional 34,971 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of State Bank Financial by 18.4% in the 4th quarter. Bank of Montreal Can now owns 854,640 shares of the financial services provider’s stock worth $25,503,000 after purchasing an additional 132,693 shares during the period. Institutional investors own 79.26% of the company’s stock.
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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.
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