State Bank Financial Corporation. (STBZ) Insider Sells $27,140.00 in Stock

State Bank Financial Corporation. (NASDAQ:STBZ) insider Bradford L. Watkins sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $27.14, for a total value of $27,140.00. Following the transaction, the insider now directly owns 72,500 shares in the company, valued at $1,967,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

State Bank Financial Corporation. (NASDAQ:STBZ) traded down 0.41% during trading on Friday, hitting $26.94. The stock had a trading volume of 213,171 shares. The stock has a 50 day moving average price of $26.73 and a 200-day moving average price of $26.49. State Bank Financial Corporation. has a 12 month low of $21.15 and a 12 month high of $28.38. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 20.69 and a beta of 0.97.

State Bank Financial Corporation. (NASDAQ:STBZ) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. The company had revenue of $56.95 million for the quarter, compared to the consensus estimate of $54.83 million. State Bank Financial Corporation. had a return on equity of 8.40% and a net margin of 22.61%. On average, equities analysts predict that State Bank Financial Corporation. will post $1.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Tuesday, September 5th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.56 annualized dividend and a yield of 2.08%. State Bank Financial Corporation.’s payout ratio is currently 42.75%.

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STBZ has been the topic of several research analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $30.00 target price on shares of State Bank Financial Corporation. in a research note on Sunday, June 18th. BidaskClub raised State Bank Financial Corporation. from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. State Bank Financial Corporation. has an average rating of “Hold” and a consensus target price of $28.63.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Phocas Financial Corp. increased its holdings in State Bank Financial Corporation. by 4.7% during the 2nd quarter. Phocas Financial Corp. now owns 457,471 shares of the financial services provider’s stock worth $12,407,000 after purchasing an additional 20,406 shares during the period. Wasatch Advisors Inc. purchased a new position in State Bank Financial Corporation. during the 2nd quarter worth $2,542,000. Susquehanna International Group LLP purchased a new position in State Bank Financial Corporation. during the 2nd quarter worth $215,000. The Manufacturers Life Insurance Company increased its holdings in State Bank Financial Corporation. by 3.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 260,773 shares of the financial services provider’s stock worth $7,073,000 after purchasing an additional 7,836 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in State Bank Financial Corporation. during the 2nd quarter worth $204,000. Institutional investors own 78.40% 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.

Insider Buying and Selling by Quarter for State Bank Financial Corporation. (NASDAQ:STBZ)

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