Private Capital Management LLC Lowers Position in State Bank Financial Corporation. (STBZ)

Private Capital Management LLC decreased its stake in shares of State Bank Financial Corporation. (NASDAQ:STBZ) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 729,338 shares of the financial services provider’s stock after selling 26,497 shares during the period. State Bank Financial Corporation. comprises approximately 2.4% of Private Capital Management LLC’s holdings, making the stock its 16th largest position. Private Capital Management LLC owned 2.03% of State Bank Financial Corporation. worth $16,643,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Otter Creek Advisors LLC raised its stake in State Bank Financial Corporation. by 20.0% in the third quarter. Otter Creek Advisors LLC now owns 357,872 shares of the financial services provider’s stock valued at $8,167,000 after buying an additional 59,737 shares in the last quarter. Citadel Advisors LLC raised its stake in 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 valued at $364,000 after buying an additional 513 shares in the last quarter. Piermont Capital Management Inc. purchased a new stake in State Bank Financial Corporation. during the third quarter valued at $715,000. Matarin Capital Management LLC purchased a new stake in State Bank Financial Corporation. during the third quarter valued at $439,000. Finally, US Bancorp DE raised its stake in 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 valued at $123,000 after buying an additional 159 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

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

State Bank Financial Corporation. (NASDAQ:STBZ) opened at 26.51 on Friday. State Bank Financial Corporation. has a one year low of $18.16 and a one year high of $28.00. The company has a market capitalization of $951.82 million, a P/E ratio of 20.71 and a beta of 0.86. The stock’s 50 day moving average price is $26.45 and its 200-day moving average price is $24.11.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 14th. Shareholders of record on Monday, March 6th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, March 2nd. This represents a $0.56 annualized dividend and a yield of 2.11%. State Bank Financial Corporation.’s payout ratio is currently 43.75%.

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Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered State Bank Financial Corporation. from a “buy” rating to a “hold” rating in a research report on Wednesday, February 1st. Gabelli raised State Bank Financial Corporation. from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, January 27th. Finally, Hovde Group downgraded State Bank Financial Corporation. from an “outperform” rating to a “market perform” rating and dropped their target price for the stock 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 issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $27.25.

In other State Bank Financial Corporation. news, EVP Steven G. Deaton sold 17,063 shares of the firm’s stock in a transaction on Wednesday, December 14th. The stock was sold at an average price of $26.12, for a total transaction of $445,685.56. Following the transaction, the executive vice president now directly owns 106,563 shares in the company, valued at approximately $2,783,425.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John D. Houser sold 5,073 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $25.01, for a total value of $126,875.73. Following the transaction, the director now owns 44,201 shares in the company, valued at $1,105,467.01. The disclosure for this sale can be found here. Insiders have sold a total of 23,136 shares of company stock worth $597,861 over the last 90 days. 6.31% of the stock is currently owned by company insiders.

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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