State Bank Financial (STBZ) Getting Somewhat Favorable Press Coverage, Study Finds
News headlines about State Bank Financial (NASDAQ:STBZ) have trended somewhat positive on Wednesday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. State Bank Financial earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.4799345459141 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several research firms have recently weighed in on STBZ. Gabelli downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Sandler O’Neill upgraded State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Friday, December 15th. Finally, Zacks Investment Research upgraded State Bank Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. State Bank Financial currently has a consensus rating of “Hold” and a consensus price target of $31.67.
State Bank Financial (NASDAQ:STBZ) opened at $30.20 on Wednesday. State Bank Financial has a 1-year low of $24.16 and a 1-year high of $31.75. The stock has a market capitalization of $1,193.54, a price-to-earnings ratio of 22.54, a P/E/G ratio of 1.66 and a beta of 0.95.
State Bank Financial (NASDAQ:STBZ) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. State Bank Financial had a return on equity of 8.44% and a net margin of 22.79%. The business had revenue of $54.01 million during the quarter, compared to analysts’ expectations of $56.15 million. analysts forecast that State Bank Financial will post 1.51 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Monday, December 4th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Friday, December 1st. State Bank Financial’s dividend payout ratio is 41.79%.
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About State Bank Financial
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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