State Bank Financial (STBZ) Issues Quarterly Revenue Results, Misses Estimates By $0.11 EPS

State Bank Financial (STBZ) Issues Quarterly  Revenue Results, Misses Estimates By $0.11 EPS

State Bank Financial (NASDAQ:STBZ) issued its earnings results on Monday, October 22nd. The financial services provider reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.11), MarketWatch Earnings reports. The business had revenue of $68.32 million during the quarter, compared to analyst estimates of $68.65 million. State Bank Financial had a net margin of 19.96% and a return on equity of 11.98%.

Shares of STBZ opened at $25.37 on Thursday. State Bank Financial has a 52 week low of $23.58 and a 52 week high of $35.99. The firm has a market capitalization of $982.45 million, a PE ratio of 17.38, a PEG ratio of 0.85 and a beta of 0.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.90 and a quick ratio of 0.89.

A number of brokerages have weighed in on STBZ. Zacks Investment Research downgraded State Bank Financial from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. ValuEngine downgraded State Bank Financial from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. BidaskClub downgraded State Bank Financial from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $39.50 target price on shares of State Bank Financial in a report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. State Bank Financial presently has an average rating of “Hold” and an average price target of $34.25.

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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