State Bank Financial Corporation. (STBZ) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

State Bank Financial Corporation. (NASDAQ:STBZ) issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01, Bloomberg Earnings reports. The company had revenue of $54.01 million during the quarter, compared to analyst estimates of $56.15 million. State Bank Financial Corporation. had a net margin of 22.79% and a return on equity of 8.44%.

State Bank Financial Corporation. (STBZ) traded up $0.22 during mid-day trading on Friday, reaching $28.14. The company’s stock had a trading volume of 57,500 shares, compared to its average volume of 102,992. State Bank Financial Corporation. has a 52 week low of $23.48 and a 52 week high of $29.70. The stock has a market cap of $1,110.00, a P/E ratio of 20.23, a PEG ratio of 1.52 and a beta of 0.94.

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In other news, EVP David Caulkins Brown sold 1,500 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $26.10, for a total transaction of $39,150.00. Following the sale, the executive vice president now directly owns 53,291 shares of the company’s stock, valued at $1,390,895.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford L. Watkins sold 7,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $27.01, for a total value of $189,070.00. Following the sale, the insider now directly owns 81,190 shares in the company, valued at $2,192,941.90. The disclosure for this sale can be found here. Insiders sold a total of 10,430 shares of company stock valued at $280,554 over the last quarter. Company insiders own 4.65% of the company’s stock.

A number of analysts recently weighed in on the stock. BidaskClub downgraded State Bank Financial Corporation. from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $30.00 price target on shares of State Bank Financial Corporation. in a research note on Thursday, July 27th. Finally, Zacks Investment Research raised State Bank Financial Corporation. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. State Bank Financial Corporation. has a consensus rating of “Hold” and an average target price of $30.00.

State Bank Financial Corporation. 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.

Earnings History for State Bank Financial Corporation. (NASDAQ:STBZ)

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