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.
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