Trade Report: The First Trust Advisors LP invests in State Bank Financial Corp. (STBZ) Shares

The First Trust Advisors LP invests in State Bank Financial Corp. (STBZ) Shares

First Trust Advisors LP boosted its position in State Bank Financial Corp. (NASDAQ:STBZ) by 2.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,422 shares of the financial services provider’s stock after buying an additional 939 shares during the period. First Trust Advisors LP owned about 0.10% of State Bank Financial Corp. worth $741,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of State Bank Financial Corp. by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 134,705 shares of the financial services provider’s stock valued at $2,741,000 after buying an additional 1,099 shares during the period. Legal & General Group Plc boosted its stake in shares of State Bank Financial Corp. by 27.2% in the first quarter. Legal & General Group Plc now owns 6,035 shares of the financial services provider’s stock valued at $121,000 after buying an additional 1,291 shares during the period. Kennedy Capital Management Inc. boosted its stake in shares of State Bank Financial Corp. by 2.1% in the first quarter. Kennedy Capital Management Inc. now owns 117,562 shares of the financial services provider’s stock valued at $2,323,000 after buying an additional 2,363 shares during the period. BlackRock Group LTD boosted its stake in shares of State Bank Financial Corp. by 12.7% in the first quarter. BlackRock Group LTD now owns 40,282 shares of the financial services provider’s stock valued at $796,000 after buying an additional 4,545 shares during the period. Finally, RMB Capital Management LLC boosted its stake in shares of State Bank Financial Corp. by 6.9% in the second quarter. RMB Capital Management LLC now owns 108,091 shares of the financial services provider’s stock valued at $2,200,000 after buying an additional 6,932 shares during the period. Institutional investors own 81.92% of the company’s stock.

Shares of State Bank Financial Corp. (NASDAQ:STBZ) traded down 0.04% on Friday, reaching $22.98. 45,458 shares of the company’s stock traded hands. The firm has a market cap of $823.19 million, a P/E ratio of 18.40 and a beta of 0.89. The company’s 50-day moving average price is $22.67 and its 200 day moving average price is $21.39. State Bank Financial Corp. has a one year low of $17.34 and a one year high of $23.73.

State Bank Financial Corp. (NASDAQ:STBZ) last posted its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.06. State Bank Financial Corp. had a net margin of 22.73% and a return on equity of 8.47%. On average, equities analysts forecast that State Bank Financial Corp. will post $1.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Tuesday, September 6th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.56 annualized dividend and a yield of 2.44%. State Bank Financial Corp.’s dividend payout ratio (DPR) is 45.16%.

Several equities research analysts recently issued reports on the company. FBR & Co boosted their price target on State Bank Financial Corp. from $24.00 to $24.50 and gave the company an “outperform” rating in a research note on Friday, July 29th. Stephens cut State Bank Financial Corp. from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 29th. Finally, Zacks Investment Research cut State Bank Financial Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.50.

State Bank Financial Corp. 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 a range of community banking services to individuals and businesses within its markets. Its product line includes loans to small and medium-sized businesses (SMBs), 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.

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