Equities research analysts predict that State Bank Financial Corp (NASDAQ:STBZ) will announce earnings of $0.58 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for State Bank Financial’s earnings. The lowest EPS estimate is $0.55 and the highest is $0.60. State Bank Financial posted earnings of $0.37 per share during the same quarter last year, which indicates a positive year over year growth rate of 56.8%. The business is scheduled to announce its next quarterly earnings results on Thursday, October 25th.
According to Zacks, analysts expect that State Bank Financial will report full-year earnings of $2.19 per share for the current fiscal year, with EPS estimates ranging from $2.14 to $2.23. For the next year, analysts forecast that the company will report earnings of $2.41 per share, with EPS estimates ranging from $2.35 to $2.50. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for State Bank Financial.
State Bank Financial (NASDAQ:STBZ) last released its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.07). State Bank Financial had a net margin of 20.06% and a return on equity of 10.64%. The business had revenue of $67.05 million during the quarter, compared to analyst estimates of $67.60 million.
A number of research firms have recently weighed in on STBZ. Zacks Investment Research downgraded shares of State Bank Financial from a “buy” rating to a “hold” rating in a research report on Friday, July 27th. BidaskClub downgraded shares of State Bank Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 13th. ValuEngine downgraded shares of State Bank Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $39.50 price target on shares of State Bank Financial in a research report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $35.58.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in STBZ. California Public Employees Retirement System raised its position in State Bank Financial by 436.5% during the second quarter. California Public Employees Retirement System now owns 58,487 shares of the financial services provider’s stock valued at $1,953,000 after purchasing an additional 47,586 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in State Bank Financial during the second quarter valued at approximately $2,350,000. Paloma Partners Management Co acquired a new position in State Bank Financial during the second quarter valued at approximately $568,000. Bank of America Corp DE raised its position in State Bank Financial by 282.8% during the second quarter. Bank of America Corp DE now owns 826,358 shares of the financial services provider’s stock valued at $27,600,000 after purchasing an additional 610,478 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in State Bank Financial during the second quarter valued at approximately $4,186,000. Institutional investors own 79.00% of the company’s stock.
Shares of NASDAQ STBZ traded down $0.83 during midday trading on Friday, reaching $27.41. The company’s stock had a trading volume of 355,082 shares, compared to its average volume of 236,384. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.02. State Bank Financial has a fifty-two week low of $26.70 and a fifty-two week high of $35.99. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.02 and a beta of 0.86.
About State Bank Financial
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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