State Bank Financial (STBZ) Upgraded by BidaskClub to Sell

BidaskClub upgraded shares of State Bank Financial (NASDAQ:STBZ) from a strong sell rating to a sell rating in a research report released on Tuesday.

A number of other research analysts also recently issued reports on STBZ. Zacks Investment Research upgraded shares of State Bank Financial from a hold rating to a buy rating and set a $37.00 price target on the stock in a research report on Tuesday, July 3rd. ValuEngine downgraded shares of State Bank Financial from a buy rating to a hold rating in a research report on Thursday, July 26th. Finally, Keefe, Bruyette & Woods restated a hold rating and issued a $39.50 price target on shares of State Bank Financial in a research report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $34.25.

State Bank Financial stock opened at $25.24 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 0.90. State Bank Financial has a 1 year low of $23.58 and a 1 year high of $35.99. The stock has a market capitalization of $969.93 million, a PE ratio of 17.29, a price-to-earnings-growth ratio of 0.84 and a beta of 0.86.



State Bank Financial (NASDAQ:STBZ) last posted its quarterly earnings results on Monday, October 22nd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.11). State Bank Financial had a return on equity of 11.98% and a net margin of 19.96%. The business had revenue of $68.32 million during the quarter, compared to the consensus estimate of $68.65 million. On average, research analysts expect that State Bank Financial will post 2.2 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of STBZ. BlackRock Inc. increased 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 worth $93,246,000 after acquiring an additional 690,381 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of State Bank Financial by 7.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,503,083 shares of the financial services provider’s stock worth $50,203,000 after acquiring an additional 101,969 shares during the period. Bank of America Corp DE increased its holdings in shares of State Bank Financial by 282.8% in the 2nd quarter. Bank of America Corp DE now owns 826,358 shares of the financial services provider’s stock worth $27,600,000 after acquiring an additional 610,478 shares during the period. Water Island Capital LLC acquired a new stake in shares of State Bank Financial in the 2nd quarter worth about $12,859,000. Finally, Perella Weinberg Partners Capital Management LP acquired a new stake in shares of State Bank Financial in the 2nd quarter worth about $10,866,000. Institutional investors own 78.99% of the company’s stock.

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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