Analysts Issue Forecasts for State Bank Financial Corp’s Q1 2019 Earnings (NASDAQ:STBZ)

State Bank Financial Corp (NASDAQ:STBZ) – Equities researchers at SunTrust Banks issued their Q1 2019 earnings per share estimates for State Bank Financial in a note issued to investors on Tuesday, Zacks Investment Research reports. SunTrust Banks analyst J. Demba expects that the financial services provider will earn $0.54 per share for the quarter. SunTrust Banks has a “Buy” rating and a $38.00 price objective on the stock. SunTrust Banks also issued estimates for State Bank Financial’s Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.60 EPS and Q4 2019 earnings at $0.61 EPS.

Several other research firms also recently weighed in on STBZ. BidaskClub downgraded State Bank Financial from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Hovde Group reaffirmed a “hold” rating on shares of State Bank Financial in a report on Tuesday, February 6th. Zacks Investment Research raised State Bank Financial from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Thursday, February 1st. ValuEngine downgraded State Bank Financial from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, Gabelli raised State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.00.

Shares of State Bank Financial (NASDAQ:STBZ) opened at $29.80 on Wednesday. State Bank Financial has a twelve month low of $24.16 and a twelve month high of $31.75. The firm has a market capitalization of $1,144.03, a price-to-earnings ratio of 19.43, a P/E/G ratio of 1.16 and a beta of 0.96.

State Bank Financial (NASDAQ:STBZ) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. State Bank Financial had a return on equity of 9.29% and a net margin of 18.77%. The company had revenue of $68.16 million for the quarter, compared to the consensus estimate of $65.00 million.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC lifted its holdings in State Bank Financial by 23.5% during the 4th quarter. Millennium Management LLC now owns 693,766 shares of the financial services provider’s stock worth $20,702,000 after buying an additional 132,207 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of State Bank Financial by 15,144.0% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,811 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 3,786 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in shares of State Bank Financial in the 4th quarter worth about $154,000. TIAA CREF Investment Management LLC raised its position in shares of State Bank Financial by 13.4% in the 4th quarter. TIAA CREF Investment Management LLC now owns 129,534 shares of the financial services provider’s stock worth $3,865,000 after acquiring an additional 15,343 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of State Bank Financial by 456.7% in the 4th quarter. Raymond James & Associates now owns 108,585 shares of the financial services provider’s stock worth $3,240,000 after acquiring an additional 89,081 shares in the last quarter. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, March 5th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, March 2nd. This is an increase from State Bank Financial’s previous quarterly dividend of $0.14. This represents a $0.80 annualized dividend and a yield of 2.68%. State Bank Financial’s payout ratio is presently 46.67%.

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About State Bank Financial

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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Earnings History and Estimates for State Bank Financial (NASDAQ:STBZ)

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