State Bank Financial Corp (STBZ) Expected to Announce Earnings of $0.58 Per Share

Equities analysts expect State Bank Financial Corp (NASDAQ:STBZ) to post $0.58 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for State Bank Financial’s earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.60. State Bank Financial reported earnings per share of $0.37 during the same quarter last year, which suggests a positive year-over-year growth rate of 56.8%. The company is scheduled to report its next quarterly earnings report 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 year, with EPS estimates ranging from $2.14 to $2.23. For the next year, analysts anticipate that the company will post earnings of $2.41 per share, with EPS estimates ranging from $2.35 to $2.50. Zacks’ EPS calculations are an average based on a survey of research firms that cover State Bank Financial.

State Bank Financial (NASDAQ:STBZ) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $67.60 million.

A number of equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of State Bank Financial from a “hold” rating to a “sell” rating in a research report on Thursday. 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. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $39.50 price objective on shares of State Bank Financial in a research report on Wednesday, August 8th. Finally, ValuEngine downgraded shares of State Bank Financial from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $36.08.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System grew its position in State Bank Financial by 436.5% in the 2nd quarter. California Public Employees Retirement System now owns 58,487 shares of the financial services provider’s stock worth $1,953,000 after purchasing an additional 47,586 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in State Bank Financial in the 2nd quarter worth about $2,350,000. Paloma Partners Management Co bought a new position in State Bank Financial in the 2nd quarter worth about $568,000. Bank of America Corp DE grew its position in State Bank Financial by 282.8% in the 2nd quarter. Bank of America Corp DE now owns 826,358 shares of the financial services provider’s stock worth $27,600,000 after purchasing an additional 610,478 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in State Bank Financial in the 2nd quarter worth about $4,186,000. Hedge funds and other institutional investors own 79.00% of the company’s stock.

Shares of NASDAQ:STBZ traded down $0.72 during trading on Wednesday, reaching $30.69. 224,536 shares of the company’s stock traded hands, compared to its average volume of 237,965. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.02. State Bank Financial has a 12 month low of $27.08 and a 12 month high of $35.99. The company has a market cap of $1.23 billion, a PE ratio of 21.34, a P/E/G ratio of 1.06 and a beta of 0.85.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 11th. Shareholders of record on Tuesday, September 4th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Friday, August 31st. State Bank Financial’s dividend payout ratio (DPR) is 54.79%.

State Bank Financial Company Profile

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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Earnings History and Estimates for State Bank Financial (NASDAQ:STBZ)

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