Banc Funds Co buys $38,583,933 stake in State Bank Financial Corp (STBZ)

State Bank Financial Corp (STBZ) : Banc Funds Co scooped up 20,000 additional shares in State Bank Financial Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,749,045 shares of State Bank Financial Corp which is valued at $38,583,933.State Bank Financial Corp makes up approximately 2.14% of Banc Funds Co’s portfolio.

Other Hedge Funds, Including , Geode Capital Management boosted its stake in STBZ in the latest quarter, The investment management firm added 16,197 additional shares and now holds a total of 283,033 shares of State Bank Financial Corp which is valued at $6,243,708.Alliancebernstein boosted its stake in STBZ in the latest quarter, The investment management firm added 18,548 additional shares and now holds a total of 157,252 shares of State Bank Financial Corp which is valued at $3,468,979.Blackrock Investment Management boosted its stake in STBZ in the latest quarter, The investment management firm added 14,670 additional shares and now holds a total of 154,041 shares of State Bank Financial Corp which is valued at $3,398,144. Tower Research Capital (trc) added STBZ to its portfolio by purchasing 77 company shares during the most recent quarter which is valued at $1,699.Dimensional Fund Advisors Lp boosted its stake in STBZ in the latest quarter, The investment management firm added 106,732 additional shares and now holds a total of 763,206 shares of State Bank Financial Corp which is valued at $16,905,013. State Bank Financial Corp makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.

State Bank Financial Corp opened for trading at $22.79 and hit $23 on the upside on Monday, eventually ending the session at $22.91, with a gain of 0.53% or 0.12 points. The heightened volatility saw the trading volume jump to 53,492 shares. Company has a market cap of $845 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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