Chicago Equity Partners LLC trimmed its holdings in shares of State Bank Financial (NASDAQ:STBZ) by 3.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 56,785 shares of the financial services provider’s stock after selling 1,740 shares during the period. Chicago Equity Partners LLC’s holdings in State Bank Financial were worth $1,704,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of State Bank Financial during the first quarter valued at approximately $106,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of State Bank Financial by 15,144.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,811 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 3,786 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of State Bank Financial by 57.3% during the first quarter. Meeder Asset Management Inc. now owns 4,982 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 1,814 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of State Bank Financial during the fourth quarter valued at approximately $154,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of State Bank Financial during the fourth quarter valued at approximately $230,000. Hedge funds and other institutional investors own 79.62% of the company’s stock.
Several equities analysts have recently issued reports on STBZ shares. FIG Partners reiterated an “outperform” rating on shares of State Bank Financial in a report on Thursday, April 26th. Stephens reiterated a “hold” rating and set a $32.00 target price on shares of State Bank Financial in a report on Friday, January 26th. BidaskClub upgraded shares of State Bank Financial from a “hold” rating to a “buy” rating in a report on Saturday, March 24th. Zacks Investment Research lowered shares of State Bank Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. Finally, Gabelli upgraded shares of State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Friday, January 26th. Seven analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $34.00.
Shares of NASDAQ STBZ opened at $33.59 on Friday. State Bank Financial has a twelve month low of $33.52 and a twelve month high of $33.74. The company has a market capitalization of $1.32 billion, a P/E ratio of 23.05, a PEG ratio of 1.14 and a beta of 0.95. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.02.
State Bank Financial (NASDAQ:STBZ) last announced its quarterly earnings data on Thursday, April 26th. The financial services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.04). State Bank Financial had a return on equity of 9.78% and a net margin of 19.79%. The firm had revenue of $65.32 million during the quarter, compared to analysts’ expectations of $65.25 million. sell-side analysts expect that State Bank Financial will post 2.19 earnings per share for the current fiscal year.
In other news, CFO Sheila Ray acquired 3,300 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average cost of $29.50 per share, for a total transaction of $97,350.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.43% of the stock is owned by insiders.
State Bank Financial Company Profile
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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