State Bank Financial Corp (STBZ) : Context Bh Capital Management Lp reduced its stake in State Bank Financial Corp by 1.15% during the most recent quarter end. The investment management company now holds a total of 289,416 shares of State Bank Financial Corp which is valued at $6,338,210 after selling 3,369 shares in State Bank Financial Corp , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.State Bank Financial Corp makes up approximately 4.47% of Context Bh Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Huntington National Bank reduced its stake in STBZ by selling 1,404 shares or 18.33% in the most recent quarter. The Hedge Fund company now holds 6,254 shares of STBZ which is valued at $139,214.Creative Planning reduced its stake in STBZ by selling 131 shares or 0.67% in the most recent quarter. The Hedge Fund company now holds 19,512 shares of STBZ which is valued at $429,849. Bnp Paribas Arbitrage Sa added STBZ to its portfolio by purchasing 1,355 company shares during the most recent quarter which is valued at $28,807.
State Bank Financial Corp closed down -0.09 points or -0.40% at $22.15 with 34,367 shares getting traded on Monday. Post opening the session at $22.18, the shares hit an intraday low of $22.03 and an intraday high of $22.25 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.