Chicago Equity Partners LLC Invests $1.68 Million in State Bank Financial Corporation. (STBZ) Stock

Chicago Equity Partners LLC bought a new stake in State Bank Financial Corporation. (NASDAQ:STBZ) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 58,700 shares of the financial services provider’s stock, valued at approximately $1,682,000. Chicago Equity Partners LLC owned 0.15% of State Bank Financial Corporation. at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Aperio Group LLC raised its stake in shares of State Bank Financial Corporation. by 35.3% in the third quarter. Aperio Group LLC now owns 12,829 shares of the financial services provider’s stock valued at $368,000 after buying an additional 3,350 shares during the period. First Trust Advisors LP raised its stake in shares of State Bank Financial Corporation. by 8.7% in the third quarter. First Trust Advisors LP now owns 85,536 shares of the financial services provider’s stock valued at $2,451,000 after buying an additional 6,857 shares during the period. Phocas Financial Corp. raised its stake in shares of State Bank Financial Corporation. by 4.7% in the second quarter. Phocas Financial Corp. now owns 457,471 shares of the financial services provider’s stock valued at $12,407,000 after buying an additional 20,406 shares during the period. Wasatch Advisors Inc. bought a new stake in shares of State Bank Financial Corporation. in the second quarter valued at $2,542,000. Finally, Susquehanna International Group LLP bought a new stake in shares of State Bank Financial Corporation. in the second quarter valued at $215,000. Hedge funds and other institutional investors own 78.45% of the company’s stock.

Several brokerages have issued reports on STBZ. Zacks Investment Research upgraded State Bank Financial Corporation. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. BidaskClub upgraded State Bank Financial Corporation. from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $30.00 target price on shares of State Bank Financial Corporation. in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.00.

Shares of State Bank Financial Corporation. (NASDAQ:STBZ) opened at $29.53 on Thursday. State Bank Financial Corporation. has a one year low of $23.48 and a one year high of $29.93. The stock has a market capitalization of $1,150.26, a price-to-earnings ratio of 21.38, a P/E/G ratio of 1.60 and a beta of 0.94.

State Bank Financial Corporation. (NASDAQ:STBZ) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. State Bank Financial Corporation. had a return on equity of 8.44% and a net margin of 22.79%. The company had revenue of $54.01 million for the quarter, compared to analyst estimates of $56.15 million. equities analysts expect that State Bank Financial Corporation. will post 1.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Monday, December 4th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, December 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.90%. State Bank Financial Corporation.’s payout ratio is 41.79%.

In related news, insider Bradford L. Watkins sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $27.14, for a total transaction of $27,140.00. Following the sale, the insider now directly owns 72,500 shares in the company, valued at approximately $1,967,650. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bradford L. Watkins sold 930 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $27.09, for a total value of $25,193.70. Following the transaction, the insider now owns 73,500 shares of the company’s stock, valued at $1,991,115. The disclosure for this sale can be found here. Insiders own 4.65% of the company’s stock.

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State Bank Financial Corporation. 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 Corporation. (NASDAQ:STBZ)

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