Maltese Capital Management LLC Decreases Stake in State Bank Financial Corp (NASDAQ:STBZ)

Maltese Capital Management LLC decreased its stake in State Bank Financial Corp (NASDAQ:STBZ) by 14.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 456,716 shares of the financial services provider’s stock after selling 76,268 shares during the quarter. State Bank Financial makes up 1.1% of Maltese Capital Management LLC’s holdings, making the stock its 22nd largest position. Maltese Capital Management LLC owned about 1.17% of State Bank Financial worth $13,085,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in shares of State Bank Financial by 459.6% in the second quarter. BNP Paribas Arbitrage SA now owns 4,538 shares of the financial services provider’s stock worth $123,000 after buying an additional 3,727 shares during the last quarter. US Bancorp DE boosted its stake in shares of State Bank Financial by 5.1% in the second quarter. US Bancorp DE now owns 5,200 shares of the financial services provider’s stock worth $141,000 after buying an additional 252 shares during the last quarter. Sei Investments Co. boosted its stake in shares of State Bank Financial by 46.0% in the second quarter. Sei Investments Co. now owns 5,648 shares of the financial services provider’s stock worth $153,000 after buying an additional 1,779 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of State Bank Financial in the second quarter worth about $204,000. Finally, Gratus Capital LLC purchased a new stake in shares of State Bank Financial in the second quarter worth about $206,000. Hedge funds and other institutional investors own 78.94% of the company’s stock.

A number of equities analysts have issued reports on STBZ shares. Gabelli downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. BidaskClub downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday. Sandler O’Neill upgraded State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Friday, December 15th. Finally, Zacks Investment Research upgraded State Bank Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $31.67.

Shares of State Bank Financial Corp (STBZ) traded down $0.31 during mid-day trading on Friday, reaching $29.84. The company’s stock had a trading volume of 72,713 shares, compared to its average volume of 101,363. The stock has a market capitalization of $1,175.60, a P/E ratio of 22.27, a P/E/G ratio of 1.63 and a beta of 0.95. State Bank Financial Corp has a 52 week low of $24.16 and a 52 week high of $31.75.

State Bank Financial (NASDAQ:STBZ) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $54.01 million for the quarter, compared to the consensus estimate of $56.15 million. State Bank Financial had a return on equity of 8.44% and a net margin of 22.79%. research analysts forecast that State Bank Financial Corp will post 1.52 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Monday, December 4th were given a $0.14 dividend. The ex-dividend date was Friday, December 1st. This represents a $0.56 annualized dividend and a dividend yield of 1.88%. State Bank Financial’s dividend payout ratio (DPR) is presently 41.79%.

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State Bank Financial 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.

Institutional Ownership by Quarter for State Bank Financial (NASDAQ:STBZ)

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