State Bank Financial Corp. (NASDAQ: STBZ) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Tuesday, StockRatingsNetwork reports. They currently have a $14.50 price objective on the stock. Zacks‘ price objective indicates a potential downside of 5.17% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at TheStreet downgraded shares of State Bank Financial Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, April 30th. Analysts at SunTrust Banks Inc. cut their price target on shares of State Bank Financial Corp. from $20.00 to $18.00 in a research note to investors on Friday, April 26th.
Shares of State Bank Financial Corp. (NASDAQ: STBZ) opened at 15.16 on Tuesday. State Bank Financial Corp. has a 52 week low of $14.01 and a 52 week high of $18.16. The stock’s 50-day moving average is currently $15.76. The company has a market cap of $483.9 million and a P/E ratio of 30.63.
State Bank Financial Corporation is a bank holding company. It is the holding company for State Bank and Trust Company (NASDAQ: STBZ), which is a Georgia-based, state-chartered bank.
To view Zacks’ full report, visit www.zacks.com
