State Bank Financial Corporation. (NASDAQ:STBZ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “State Bank Financial Corporation through its subsidiary provides community banking services to individuals and businesses in the middle Georgia and metropolitan Atlanta markets. Products offered by the Company include checking accounts, commercial accounts, savings accounts, retirement accounts, time deposits and various loans. The Company also provides services including online banking and bill payment, online cash management, safe deposit box rental, debit card, and ATM card services. State Bank Financial Corporation is headquartered in Atlanta, Georgia. “

A number of other research firms have also weighed in on STBZ. BidaskClub lowered State Bank Financial Corporation. from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $30.00 price objective on shares of State Bank Financial Corporation. in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. State Bank Financial Corporation. currently has a consensus rating of “Hold” and an average price target of $30.00.

State Bank Financial Corporation. (NASDAQ:STBZ) opened at 29.30 on Tuesday. The firm’s 50-day moving average is $28.55 and its 200 day moving average is $27.10. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 22.50 and a beta of 0.98. State Bank Financial Corporation. has a 12-month low of $21.15 and a 12-month high of $29.70.

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 for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $54.01 million during the quarter, compared to analyst estimates of $56.15 million. State Bank Financial Corporation. had a return on equity of 8.51% and a net margin of 22.79%. On average, equities analysts expect that State Bank Financial Corporation. will post $1.47 earnings per share for the current fiscal year.

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In related news, insider Bradford L. Watkins sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 72,500 shares in the company, valued at $1,967,650. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David Caulkins Brown sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $26.10, for a total value of $39,150.00. Following the transaction, the executive vice president now owns 53,291 shares of the company’s stock, valued at approximately $1,390,895.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,530 shares of company stock valued at $283,250. 4.65% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in STBZ. BNP Paribas Arbitrage SA raised its holdings in shares of State Bank Financial Corporation. by 459.6% during the second quarter. BNP Paribas Arbitrage SA now owns 4,538 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 3,727 shares in the last quarter. US Bancorp DE raised its holdings in shares of State Bank Financial Corporation. by 5.1% during the second quarter. US Bancorp DE now owns 5,200 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 252 shares in the last quarter. Sei Investments Co. raised its holdings in shares of State Bank Financial Corporation. by 46.0% during the second quarter. Sei Investments Co. now owns 5,648 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 1,779 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of State Bank Financial Corporation. during the second quarter valued at approximately $204,000. Finally, Gratus Capital LLC bought a new position in shares of State Bank Financial Corporation. during the second quarter valued at approximately $206,000. Institutional investors own 77.66% of the company’s stock.

State Bank Financial Corporation. Company 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.

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