Brokerages expect State Bank Financial (NASDAQ:STBZ) to post earnings per share of $0.48 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for State Bank Financial’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.46. State Bank Financial posted earnings per share of $0.34 during the same quarter last year, which indicates a positive year-over-year growth rate of 41.2%. The company is scheduled to report its next earnings report before the market opens 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 fiscal year, analysts anticipate that the business will report earnings of $2.37 per share, with EPS estimates ranging from $2.26 to $2.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for State Bank Financial.
State Bank Financial (NASDAQ:STBZ) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $68.16 million for the quarter, compared to analyst estimates of $65.00 million.
STBZ traded up $0.23 on Monday, hitting $31.76. 64,013 shares of the company were exchanged, compared to its average volume of 98,978. State Bank Financial has a 12 month low of $24.90 and a 12 month high of $31.82. The firm has a market capitalization of $1,231.55, a PE ratio of 20.88, a PEG ratio of 1.18 and a beta of 0.93.
In other State Bank Financial news, CFO Sheila Ray acquired 3,300 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were purchased at an average price of $29.50 per share, for a total transaction of $97,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.65% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. American International Group Inc. raised its stake 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 buying an additional 1,881 shares during the period. Ranger Investment Management L.P. raised its stake in State Bank Financial by 7.6% in the fourth quarter. Ranger Investment Management L.P. now owns 27,040 shares of the financial services provider’s stock valued at $807,000 after buying an additional 1,920 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in State Bank Financial by 15,144.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,811 shares of the financial services provider’s stock valued at $114,000 after buying an additional 3,786 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new stake in State Bank Financial in the fourth quarter valued at approximately $154,000. Finally, Xact Kapitalforvaltning AB bought a new stake in State Bank Financial in the fourth quarter valued at approximately $230,000. Hedge funds and other institutional investors own 79.29% 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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