State Bank Financial Corp (STBZ) was Resumed by FBR Capital to “Outperform” and the brokerage firm has set the Price Target at $24. FBR Capital advised their investors in a research report released on Jul 5, 2016.
State Bank Financial Corp closed down -0.28 points or -1.38% at $20.07 with 43,246 shares getting traded on Friday. Post opening the session at $20.27, the shares hit an intraday low of $19.91 and an intraday high of $20.4 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Mar 8, 2016, Remer Y Iii Brinson (Executive Vice President) sold 1,300 shares at $19.68 per share price. According to the SEC, on Dec 9, 2015, John D Houser (director) sold 25,000 shares at $21.92 per share price. On Dec 4, 2015, Steven G Deaton (EVP, Enterprise Risk Officer) sold 2,702 shares at $22.96 per share price, according to the Form-4 filing with the securities and exchange commission.
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.