Today, Insider Selling: State Bank Financial Corp. (STBZ) Director Sold $25,300.00 in Stock

Today, Insider Selling: State Bank Financial Corp. (STBZ) Director Sold $25,300.00 in Stock
State Bank Financial Corp. (NASDAQ:STBZ) Director Robert H. Mcmahon sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $25.30, for a total transaction of $25,300.00. Following the completion of the transaction, the director now directly owns 4,300 shares of the company’s stock, valued at approximately $108,790. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

State Bank Financial Corp. (NASDAQ:STBZ) opened at 25.41 on Friday. The firm’s 50 day moving average is $23.19 and its 200 day moving average is $22.09. The company has a market cap of $911.28 million, a P/E ratio of 19.19 and a beta of 0.81. State Bank Financial Corp. has a 12-month low of $17.34 and a 12-month high of $25.86.

State Bank Financial Corp. (NASDAQ:STBZ) last posted its quarterly earnings results on Thursday, October 27th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. State Bank Financial Corp. had a net margin of 24.14% and a return on equity of 8.97%. Equities research analysts anticipate that State Bank Financial Corp. will post $1.33 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Investors of record on Monday, December 5th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, December 1st. This represents a $0.56 annualized dividend and a dividend yield of 2.20%. State Bank Financial Corp.’s dividend payout ratio (DPR) is presently 42.11%.

Several hedge funds and other institutional investors have recently modified their holdings of STBZ. Teacher Retirement System of Texas boosted its position in shares of State Bank Financial Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 5,011 shares of the financial services provider’s stock valued at $102,000 after buying an additional 610 shares during the period. US Bancorp DE boosted its position in shares of State Bank Financial Corp. by 3.1% in the third quarter. US Bancorp DE now owns 5,351 shares of the financial services provider’s stock valued at $123,000 after buying an additional 159 shares during the period. BlackRock Inc. boosted its position in shares of State Bank Financial Corp. by 241.3% in the second quarter. BlackRock Inc. now owns 8,532 shares of the financial services provider’s stock valued at $174,000 after buying an additional 6,032 shares during the period. National Investment Services Inc. WI acquired a new position in shares of State Bank Financial Corp. during the second quarter valued at about $254,000. Finally, Morgan Stanley boosted its position in shares of State Bank Financial Corp. by 134.1% in the third quarter. Morgan Stanley now owns 11,602 shares of the financial services provider’s stock valued at $265,000 after buying an additional 6,646 shares during the period. 82.77% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on STBZ shares. Stephens downgraded shares of State Bank Financial Corp. from an “overweight” rating to an “equal weight” rating in a report on Friday, July 29th. Zacks Investment Research downgraded shares of State Bank Financial Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, September 28th. Hovde Group downgraded shares of State Bank Financial Corp. from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $25.00 to $24.50 in a report on Friday, October 28th. Finally, FBR & Co upped their target price on shares of State Bank Financial Corp. from $24.00 to $24.50 and gave the stock an “outperform” rating in a report on Friday, July 29th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $23.00.

About State Bank Financial Corp.

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