Brokerages Anticipate State Bank Financial (STBZ) Will Post Quarterly Sales of $65.25 Million

Equities research analysts expect that State Bank Financial (NASDAQ:STBZ) will announce sales of $65.25 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for State Bank Financial’s earnings, with estimates ranging from $64.30 million to $66.20 million. State Bank Financial reported sales of $53.42 million during the same quarter last year, which indicates a positive year-over-year growth rate of 22.1%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, April 26th.

On average, analysts expect that State Bank Financial will report full year sales of $272.97 million for the current fiscal year, with estimates ranging from $270.00 million to $277.60 million. For the next fiscal year, analysts expect that the business will post sales of $292.40 million per share, with estimates ranging from $286.00 million to $301.40 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for State Bank Financial.

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State Bank Financial (NASDAQ:STBZ) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. The firm had revenue of $68.16 million for the quarter, compared to analysts’ expectations of $65.00 million. State Bank Financial had a net margin of 18.77% and a return on equity of 9.26%.

Several research firms have issued reports on STBZ. Stephens restated a “hold” rating and set a $32.00 price objective on shares of State Bank Financial in a report on Friday, January 26th. ValuEngine upgraded State Bank Financial from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Gabelli upgraded State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Friday, January 26th. BidaskClub downgraded State Bank Financial from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Finally, Zacks Investment Research upgraded State Bank Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. State Bank Financial has an average rating of “Buy” and a consensus target price of $34.00.

NASDAQ STBZ opened at $31.06 on Wednesday. The stock has a market cap of $1,196.00, a price-to-earnings ratio of 21.41, a P/E/G ratio of 1.15 and a beta of 0.93. State Bank Financial has a 1 year low of $24.90 and a 1 year high of $31.75.

In other State Bank Financial news, CFO Sheila Ray bought 3,300 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were bought at an average price of $29.50 per share, for a total transaction of $97,350.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 4.65% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of STBZ. SG Americas Securities LLC acquired a new position in shares of State Bank Financial in the 3rd quarter valued at about $230,000. American International Group Inc. increased its holdings in shares of State Bank Financial by 8.1% in the 3rd quarter. American International Group Inc. now owns 25,160 shares of the financial services provider’s stock valued at $721,000 after purchasing an additional 1,881 shares during the period. Wells Fargo & Company MN increased its holdings in shares of State Bank Financial by 39.7% in the 3rd quarter. Wells Fargo & Company MN now owns 53,773 shares of the financial services provider’s stock valued at $1,540,000 after purchasing an additional 15,270 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of State Bank Financial by 35.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 193,856 shares of the financial services provider’s stock valued at $5,554,000 after purchasing an additional 50,648 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of State Bank Financial by 8.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,198,614 shares of the financial services provider’s stock valued at $34,340,000 after purchasing an additional 94,752 shares during the period. Institutional investors own 79.29% of the company’s stock.

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

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