Maltese Capital Management Lowers stake in State Bank Financial Corp (STBZ)

State Bank Financial Corp (STBZ) : Maltese Capital Management reduced its stake in State Bank Financial Corp by 9.02% during the most recent quarter end. The investment management company now holds a total of 741,400 shares of State Bank Financial Corp which is valued at $16,355,284 after selling 73,500 shares in State Bank Financial Corp , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.State Bank Financial Corp makes up approximately 1.95% of Maltese Capital Management’s portfolio.

Other Hedge Funds, Including , Miles Capital sold out all of its stake in STBZ during the most recent quarter. The investment firm sold 14,531 shares of STBZ which is valued $320,554.Vanguard Group Inc boosted its stake in STBZ in the latest quarter, The investment management firm added 97,222 additional shares and now holds a total of 2,558,150 shares of State Bank Financial Corp which is valued at $56,432,789.Victory Capital Management Inc boosted its stake in STBZ in the latest quarter, The investment management firm added 51,441 additional shares and now holds a total of 952,596 shares of State Bank Financial Corp which is valued at $21,109,527. State Bank Financial Corp makes up approx 0.08% of Victory Capital Management Inc’s portfolio. National Investment Services Inc Wi added STBZ to its portfolio by purchasing 12,469 company shares during the most recent quarter which is valued at $277,560. State Bank Financial Corp makes up approx 0.30% of National Investment Services Inc Wi’s portfolio.

State Bank Financial Corp opened for trading at $22.55 and hit $22.78 on the upside on Tuesday, eventually ending the session at $22.58, with a gain of 0.67% or 0.15 points. The heightened volatility saw the trading volume jump to 32,290 shares. Company has a market cap of $833 M.

Many Wall Street Analysts have commented on State Bank Financial Corp. FBR Capital Resumed State Bank Financial Corp on Jul 5, 2016 to “Outperform”, Price Target of the shares are set at $24.

State Bank Financial Corporation is a bank holding company for State Bank and Trust Company (the Bank). The Bank is a 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. It also offers a range of commercial and consumer demand savings and time deposit products. The Company offers online banking and bill payment services online cash management safe deposit box rentals debit card and automatic teller machine (ATM) card services and the availability of a network of ATMs for its customers. It operates around 28 banking offices and a limited service branch in Bibb Cobb Dooly Houston Fulton Gwinnett and Jones.

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