BidaskClub cut shares of State Bank Financial (NASDAQ:STBZ) from a hold rating to a sell rating in a research report sent to investors on Thursday, September 20th.

A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of State Bank Financial from a sell rating to a hold rating in a report on Friday, August 17th. ValuEngine cut shares of State Bank Financial from a buy rating to a hold rating in a research note on Thursday, July 26th. Finally, Keefe, Bruyette & Woods reissued a hold rating and set a $39.50 price objective on shares of State Bank Financial in a research note on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $35.58.

NASDAQ:STBZ traded down $0.83 during mid-day trading on Thursday, reaching $27.41. The stock had a trading volume of 355,082 shares, compared to its average volume of 236,384. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.18 billion, a P/E ratio of 18.77, a PEG ratio of 1.02 and a beta of 0.86. State Bank Financial has a twelve month low of $26.70 and a twelve month high of $35.99.

State Bank Financial (NASDAQ:STBZ) last issued its earnings results on Tuesday, July 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.07). State Bank Financial had a net margin of 20.06% and a return on equity of 10.64%. The company had revenue of $67.05 million during the quarter, compared to analysts’ expectations of $67.60 million. Analysts expect that State Bank Financial will post 2.19 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. LSV Asset Management boosted its holdings in shares of State Bank Financial by 93.9% in the 2nd quarter. LSV Asset Management now owns 142,724 shares of the financial services provider’s stock valued at $4,766,000 after purchasing an additional 69,112 shares during the last quarter. Water Island Capital LLC acquired a new position in shares of State Bank Financial in the 2nd quarter valued at $12,859,000. Alps Advisors Inc. acquired a new position in shares of State Bank Financial in the 2nd quarter valued at $517,000. BlackRock Inc. boosted its holdings in shares of State Bank Financial by 32.9% in the 2nd quarter. BlackRock Inc. now owns 2,791,772 shares of the financial services provider’s stock valued at $93,246,000 after purchasing an additional 690,381 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of State Bank Financial in the 2nd quarter valued at $1,109,000. 79.00% of the stock is owned by hedge funds and other institutional investors.

About State Bank Financial

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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Analyst Recommendations for State Bank Financial (NASDAQ:STBZ)

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