Private Capital Management buys $18,951,768 stake in State Bank Financial Corp (STBZ)

State Bank Financial Corp (STBZ) : Private Capital Management scooped up 62,743 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 15, 2016. The investment management firm now holds a total of 859,101 shares of State Bank Financial Corp which is valued at $18,951,768.State Bank Financial Corp makes up approximately 2.40% of Private Capital Management’s portfolio.

Other Hedge Funds, Including , Ejf Capital boosted its stake in STBZ in the latest quarter, The investment management firm added 196,261 additional shares and now holds a total of 1,196,261 shares of State Bank Financial Corp which is valued at $26,389,518. State Bank Financial Corp makes up approx 2.42% of Ejf Capital’s portfolio.Banc Funds Co boosted its stake in STBZ in the latest quarter, The investment management firm added 20,000 additional shares and 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 approx 2.14% of Banc Funds Co’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.Eagle Asset Management Inc reduced its stake in STBZ by selling 52,702 shares or 9.58% in the most recent quarter. The Hedge Fund company now holds 497,349 shares of STBZ which is valued at $10,991,413. State Bank Financial Corp makes up approx 0.07% of Eagle Asset Management Inc’s portfolio.

State Bank Financial Corp opened for trading at $22.83 and hit $23.18 on the upside on Wednesday, eventually ending the session at $23.14, with a gain of 1.27% or 0.29 points. The heightened volatility saw the trading volume jump to 48,601 shares. Company has a market cap of $854 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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