BidaskClub Lowers State Bank Financial Corporation. (NASDAQ:STBZ) to Strong Sell

BidaskClub lowered shares of State Bank Financial Corporation. (NASDAQ:STBZ) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday.

Several other research analysts have also issued reports on STBZ. Stephens reiterated a hold rating on shares of State Bank Financial Corporation. in a research note on Thursday, April 27th. Zacks Investment Research upgraded 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. Finally, Keefe, Bruyette & Woods reiterated a hold rating and set a $30.00 price objective on shares of State Bank Financial Corporation. in a research note on Sunday, June 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. State Bank Financial Corporation. presently has a consensus rating of Hold and an average target price of $28.63.

State Bank Financial Corporation. (NASDAQ:STBZ) traded up 2.09% during mid-day trading on Tuesday, reaching $27.37. 102,809 shares of the company’s stock traded hands. The stock has a market capitalization of $1.04 billion, a PE ratio of 21.02 and a beta of 0.97. State Bank Financial Corporation. has a 12 month low of $21.15 and a 12 month high of $28.38. The firm’s 50-day moving average price is $27.02 and its 200 day moving average price is $26.48.

State Bank Financial Corporation. (NASDAQ:STBZ) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. State Bank Financial Corporation. had a return on equity of 8.52% and a net margin of 22.61%. The firm had revenue of $56.95 million during the quarter, compared to analyst estimates of $54.83 million. Equities research analysts predict that State Bank Financial Corporation. will post $1.45 EPS for the current year.

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A number of institutional investors have recently bought and sold shares of the stock. Sei Investments Co. boosted its position 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 valued at $101,000 after buying an additional 122 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in State Bank Financial Corporation. by 459.6% in the second quarter. BNP Paribas Arbitrage SA now owns 4,538 shares of the financial services provider’s stock valued at $123,000 after buying an additional 3,727 shares in the last quarter. US Bancorp DE boosted its position in State Bank Financial Corporation. by 5.1% in the second quarter. US Bancorp DE now owns 5,200 shares of the financial services provider’s stock valued at $141,000 after buying an additional 252 shares in the last quarter. Legal & General Group Plc boosted its position in State Bank Financial Corporation. by 8.2% in the second quarter. Legal & General Group Plc now owns 9,419 shares of the financial services provider’s stock valued at $256,000 after buying an additional 716 shares in the last quarter. Finally, Aperio Group LLC purchased a new position in State Bank Financial Corporation. during the second quarter valued at about $257,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

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.