State Bank Financial (NASDAQ:STBZ) was upgraded by equities researchers at Gabelli from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage presently has a $35.00 target price on the financial services provider’s stock. Gabelli’s price objective indicates a potential upside of 13.64% from the stock’s current price.

Several other equities analysts also recently commented on STBZ. Zacks Investment Research downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Sandler O’Neill upgraded State Bank Financial from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Friday, December 15th. ValuEngine downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. BidaskClub downgraded State Bank Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Finally, SunTrust Banks restated a “buy” rating and set a $38.00 target price on shares of State Bank Financial in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $34.50.

State Bank Financial (NASDAQ:STBZ) traded up $0.88 during trading on Friday, reaching $30.80. The company had a trading volume of 26,658 shares, compared to its average volume of 90,288. State Bank Financial has a fifty-two week low of $24.16 and a fifty-two week high of $31.75. The stock has a market capitalization of $1,167.81, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 1.25 and a beta of 0.95.

State Bank Financial (NASDAQ:STBZ) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.38 by $0.08. State Bank Financial had a return on equity of 8.44% and a net margin of 22.79%. research analysts anticipate that State Bank Financial will post 1.52 EPS for the current year.

Several large investors have recently bought and sold shares of STBZ. Wasatch Advisors Inc. lifted its position in shares of State Bank Financial by 75.4% during the fourth quarter. Wasatch Advisors Inc. now owns 518,583 shares of the financial services provider’s stock worth $15,475,000 after acquiring an additional 222,904 shares in the last quarter. Bank of Montreal Can increased its holdings 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 period. Dimensional Fund Advisors LP increased its holdings in shares of State Bank Financial by 8.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,198,614 shares of the financial services provider’s stock worth $34,340,000 after purchasing an additional 94,752 shares during the period. Vanguard Group Inc. increased its holdings in shares of State Bank Financial by 3.1% in the second quarter. Vanguard Group Inc. now owns 2,942,590 shares of the financial services provider’s stock worth $79,802,000 after purchasing an additional 87,800 shares during the period. Finally, Chicago Equity Partners LLC bought a new position in shares of State Bank Financial in the third quarter worth $1,682,000. Hedge funds and other institutional investors own 79.87% of the company’s stock.

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State Bank Financial 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.

Analyst Recommendations for State Bank Financial (NASDAQ:STBZ)

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