State Bank Financial (STBZ) Position Lessened by Chicago Equity Partners LLC

Chicago Equity Partners LLC cut its holdings in State Bank Financial (NASDAQ:STBZ) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,785 shares of the financial services provider’s stock after selling 1,740 shares during the quarter. Chicago Equity Partners LLC owned approximately 0.15% of State Bank Financial worth $1,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of STBZ. Wells Fargo & Company MN grew its stake in shares of State Bank Financial by 39.7% in the third quarter. Wells Fargo & Company MN now owns 53,773 shares of the financial services provider’s stock worth $1,540,000 after purchasing an additional 15,270 shares during the last quarter. Bank of Montreal Can grew its stake in shares of State Bank Financial by 18.4% in the fourth quarter. Bank of Montreal Can now owns 854,640 shares of the financial services provider’s stock worth $25,503,000 after purchasing an additional 132,693 shares during the last quarter. Wasatch Advisors Inc. grew its stake in shares of State Bank Financial by 75.4% in the fourth quarter. Wasatch Advisors Inc. now owns 518,583 shares of the financial services provider’s stock worth $15,475,000 after purchasing an additional 222,904 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of State Bank Financial by 7.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 208,042 shares of the financial services provider’s stock worth $6,208,000 after purchasing an additional 14,186 shares during the last quarter. Finally, First Quadrant L P CA bought a new stake in shares of State Bank Financial in the fourth quarter worth about $419,000. 79.62% of the stock is currently owned by institutional investors.

In other news, CFO Sheila Ray acquired 3,300 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were acquired at an average cost of $29.50 per share, with a total value of $97,350.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.43% of the company’s stock.

Several analysts recently issued reports on STBZ shares. Stephens reissued a “hold” rating and issued a $32.00 target price on shares of State Bank Financial in a research note on Friday, January 26th. Hovde Group reaffirmed a “hold” rating on shares of State Bank Financial in a research report on Tuesday, February 6th. Zacks Investment Research cut State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, May 3rd. BidaskClub cut State Bank Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. Finally, Gabelli raised State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Friday, January 26th. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $34.00.

State Bank Financial opened at $33.59 on Friday, MarketBeat Ratings reports. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 1.14 and a beta of 0.95. State Bank Financial has a fifty-two week low of $33.52 and a fifty-two week high of $33.74.

State Bank Financial (NASDAQ:STBZ) last posted its quarterly earnings data on Thursday, April 26th. The financial services provider reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.04). The firm had revenue of $65.32 million for the quarter, compared to the consensus estimate of $65.25 million. State Bank Financial had a net margin of 19.79% and a return on equity of 9.78%. analysts forecast that State Bank Financial will post 2.19 earnings per share for the current year.

State Bank Financial Profile

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

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