Jupiter Asset Management Ltd. Reduces Stake in State Bank Financial Corporation. (STBZ)

Jupiter Asset Management Ltd. decreased its position in shares of State Bank Financial Corporation. (NASDAQ:STBZ) by 25.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 200,620 shares of the financial services provider’s stock after selling 66,804 shares during the period. Jupiter Asset Management Ltd.’s holdings in State Bank Financial Corporation. were worth $5,389,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas boosted its position in shares of State Bank Financial Corporation. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 5,011 shares of the financial services provider’s stock worth $102,000 after buying an additional 610 shares in the last quarter. US Bancorp DE boosted its position in shares of State Bank Financial Corporation. by 3.1% in the third quarter. US Bancorp DE now owns 5,351 shares of the financial services provider’s stock worth $123,000 after buying an additional 159 shares in the last quarter. ELCO Management Co. LLC purchased a new position in shares of State Bank Financial Corporation. during the third quarter worth about $284,000. Citadel Advisors LLC boosted its position in shares of State Bank Financial Corporation. by 3.3% in the third quarter. Citadel Advisors LLC now owns 15,939 shares of the financial services provider’s stock worth $364,000 after buying an additional 513 shares in the last quarter. Finally, Matarin Capital Management LLC purchased a new position in shares of State Bank Financial Corporation. during the third quarter worth about $439,000. Hedge funds and other institutional investors own 82.62% of the company’s stock.

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

State Bank Financial Corporation. (NASDAQ:STBZ) traded up 0.79% on Monday, hitting $26.72. 103,107 shares of the stock traded hands. The stock has a 50-day moving average price of $26.45 and a 200 day moving average price of $24.11. State Bank Financial Corporation. has a 1-year low of $17.79 and a 1-year high of $28.00. The company has a market cap of $959.35 million, a price-to-earnings ratio of 20.88 and a beta of 0.86.

State Bank Financial Corporation. (NASDAQ:STBZ) last announced its quarterly earnings data on Thursday, January 26th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.04. State Bank Financial Corporation. had a net margin of 23.17% and a return on equity of 8.57%. On average, analysts anticipate that State Bank Financial Corporation. will post $1.37 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 14th. Investors of record on Monday, March 6th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Thursday, March 2nd. State Bank Financial Corporation.’s dividend payout ratio is currently 43.75%.

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A number of brokerages recently issued reports on STBZ. Zacks Investment Research cut shares of State Bank Financial Corporation. from a “hold” rating to a “sell” rating in a report on Wednesday, December 28th. Gabelli restated a “hold” rating on shares of State Bank Financial Corporation. in a report on Tuesday, January 3rd. Finally, Hovde Group cut shares of State Bank Financial Corporation. from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $25.00 to $24.50 in a report on Friday, October 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $27.25.

In other State Bank Financial Corporation. news, Director Robert H. Mcmahon sold 1,000 shares of State Bank Financial Corporation. stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $25.30, for a total transaction of $25,300.00. Following the completion of the transaction, the director now owns 4,300 shares of the company’s stock, valued at approximately $108,790. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven G. Deaton sold 17,063 shares of State Bank Financial Corporation. stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $26.12, for a total value of $445,685.56. Following the transaction, the executive vice president now directly owns 106,563 shares of the company’s stock, valued at approximately $2,783,425.56. The disclosure for this sale can be found here. Insiders own 6.31% of the company’s stock.

About State Bank Financial Corporation.

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 a range of community banking services to individuals and businesses within its markets. Its product line includes loans to small and medium-sized businesses (SMBs), 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.

5 Day Chart for NASDAQ:STBZ

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