State Bank Financial Corporation (STBZ) Stock Value Declined While Banc Funds Co LLC Lowered Stake by $4.51 Million

February 15, 2018 - By Winifred Garcia

Investors sentiment decreased to 1.47 in Q3 2017. Its down 0.18, from 1.65 in 2017Q2. It worsened, as 6 investors sold STBZ shares while 32 reduced holdings. 15 funds opened positions while 41 raised stakes. 27.86 million shares or 2.32% more from 27.23 million shares in 2017Q2 were reported. Millennium Limited holds 561,559 shares or 0.02% of its portfolio. Maltese Capital Management Limited has invested 1.12% in State Bank Financial Corporation (NASDAQ:STBZ). Bancorporation Of America De has 335,865 shares. Credit Suisse Ag stated it has 0% of its portfolio in State Bank Financial Corporation (NASDAQ:STBZ). Citigroup holds 8,402 shares. Manufacturers Life Ins The holds 0.01% of its portfolio in State Bank Financial Corporation (NASDAQ:STBZ) for 260,698 shares. Parametric Portfolio Associates Lc invested 0% in State Bank Financial Corporation (NASDAQ:STBZ). Credit Agricole S A owns 45,663 shares or 0% of their US portfolio. Moreover, Private Ltd Liability Company has 2.77% invested in State Bank Financial Corporation (NASDAQ:STBZ). Goldman Sachs Grp invested 0.01% of its portfolio in State Bank Financial Corporation (NASDAQ:STBZ). Zurcher Kantonalbank (Zurich Cantonalbank) reported 2,025 shares stake. Eaton Vance Mgmt invested in 0% or 18,349 shares. Gsa Partners Ltd Liability Partnership stated it has 13,167 shares. Paradigm Asset Management Com Limited Liability Corp reported 16,300 shares. Tiaa Cref Inv Management Ltd Liability holds 114,191 shares or 0% of its portfolio.

Since August 14, 2017, it had 0 buys, and 3 insider sales for $91,484 activity. The insider Watkins Bradford L. sold 1,000 shares worth $27,140.

Banc Funds Co Llc decreased its stake in State Bank Financial Corporation (STBZ) by 8.73% based on its latest 2017Q3 regulatory filing with the SEC. Banc Funds Co Llc sold 161,052 shares as the company’s stock declined 7.98% while stock markets rallied. The hedge fund held 1.68 million shares of the major banks company at the end of 2017Q3, valued at $48.24 million, down from 1.84M at the end of the previous reported quarter. Banc Funds Co Llc who had been investing in State Bank Financial Corporation for a number of months, seems to be less bullish one the $1.17B market cap company. The stock increased 0.74% or $0.22 during the last trading session, reaching $30.02. About 65,211 shares traded. State Bank Financial Corporation (NASDAQ:STBZ) has risen 21.99% since February 15, 2017 and is uptrending. It has outperformed by 5.29% the S&P500.

Banc Funds Co Llc, which manages about $1.41B and $2.23B US Long portfolio, upped its stake in Banc Of California Inc. (NYSE:BANC) by 243,624 shares to 517,828 shares, valued at $10.75 million in 2017Q3, according to the filing. It also increased its holding in Flagstar Bancorp Inc. (NYSE:FBC) by 94,700 shares in the quarter, for a total of 268,600 shares, and has risen its stake in Bankwell Financial Group Inc. (NASDAQ:BWFG).

More recent State Bank Financial Corporation (NASDAQ:STBZ) news were published by: Gurufocus.com which released: “Banc Funds Co Llc Buys First Choice Bancorp, South State Corp, MVB Financial …” on February 14, 2018. Also Seekingalpha.com published the news titled: “State Bank Financial’s (STBZ) CEO Tom Wiley on Q4 2017 Results – Earnings Call …” on January 26, 2018. Latimes.com‘s news article titled: “A public bank for pot entrepreneurs? How about the rest of us?” with publication date: February 13, 2018 was also an interesting one.

State Bank Financial Corporation (NASDAQ:STBZ) Ratings Coverage

Among 6 analysts covering State Bank Financial (NASDAQ:STBZ), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. State Bank Financial had 21 analyst reports since September 23, 2015 according to SRatingsIntel. Stephens maintained it with “Hold” rating and $32.0 target in Friday, January 26 report. The stock of State Bank Financial Corporation (NASDAQ:STBZ) earned “Buy” rating by SunTrust on Wednesday, October 4. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. Stephens maintained State Bank Financial Corporation (NASDAQ:STBZ) rating on Thursday, July 27. Stephens has “Hold” rating and $2800 target. Stephens maintained State Bank Financial Corporation (NASDAQ:STBZ) rating on Thursday, June 15. Stephens has “Hold” rating and $2800 target. The rating was reinitiated by Sandler O’Neill on Wednesday, September 23 with “Buy”. On Friday, December 15 the stock rating was upgraded by Sandler O’Neill to “Buy”. Keefe Bruyette & Woods maintained State Bank Financial Corporation (NASDAQ:STBZ) on Tuesday, October 3 with “Hold” rating. The stock of State Bank Financial Corporation (NASDAQ:STBZ) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, June 1. The firm has “Hold” rating by Gabelli given on Thursday, November 30.

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