Waterstone Capital Management buys $7,718,132 stake in State Bank Financial Corp (STBZ)

State Bank Financial Corp (STBZ) : Waterstone Capital Management scooped up 3,808 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 349,870 shares of State Bank Financial Corp which is valued at $7,718,132.State Bank Financial Corp makes up approximately 5.41% of Waterstone Capital Management’s portfolio.

Other Hedge Funds, Including , Ironwood Investment Management reduced its stake in STBZ by selling 12,319 shares or 27.92% in the most recent quarter. The Hedge Fund company now holds 31,796 shares of STBZ which is valued at $701,420. State Bank Financial Corp makes up approx 0.49% of Ironwood Investment Management’s portfolio.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.Penn Capital Management Co Inc reduced its stake in STBZ by selling 86 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 308,333 shares of STBZ which is valued at $6,801,826. State Bank Financial Corp makes up approx 0.38% of Penn Capital Management Co Inc’s portfolio.Diamond Hill Capital Management Inc boosted its stake in STBZ in the latest quarter, The investment management firm added 1,285 additional shares and now holds a total of 420,954 shares of State Bank Financial Corp which is valued at $9,286,245. State Bank Financial Corp makes up approx 0.06% of Diamond Hill Capital Management Inc’s portfolio.Rothschild Asset Management Inc boosted its stake in STBZ in the latest quarter, The investment management firm added 9,596 additional shares and now holds a total of 178,883 shares of State Bank Financial Corp which is valued at $3,917,538. State Bank Financial Corp makes up approx 0.07% of Rothschild Asset Management Inc’s portfolio.

State Bank Financial Corp closed down -0.17 points or -0.74% at $22.89 with 36,448 shares getting traded on Thursday. Post opening the session at $23.01, the shares hit an intraday low of $22.62 and an intraday high of $23.01 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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