As State Bank Financial Corporation (STBZ) Stock Value Declined, Banc Funds Co LLC Has Decreased Its Holding

February 15, 2018 - By Adrian Mccoy

Investors sentiment decreased to 1.47 in Q3 2017. Its down 0.18, from 1.65 in 2017Q2. It dived, as 6 investors sold STBZ shares while 32 reduced holdings. 15 funds opened positions while 41 raised stakes. 27.86 million shares or 2.32% more from 27.23 million shares in 2017Q2 were reported. Citigroup Inc has invested 0% in State Bank Financial Corporation (NASDAQ:STBZ). Aqr Limited Liability invested 0% in State Bank Financial Corporation (NASDAQ:STBZ). Waddell & Reed invested 0.01% of its portfolio in State Bank Financial Corporation (NASDAQ:STBZ). Retail Bank Of America De accumulated 335,865 shares. 4,010 are owned by Huntington Bancshares. Vanguard Gp Incorporated reported 3.01 million shares stake. Legal And General Group Incorporated Plc reported 0% of its portfolio in State Bank Financial Corporation (NASDAQ:STBZ). D L Carlson Invest Inc, a New Hampshire-based fund reported 24,700 shares. The Georgia-based Invesco has invested 0% in State Bank Financial Corporation (NASDAQ:STBZ). Banc Funds Limited Liability owns 1.68M shares. Assetmark Incorporated owns 0% invested in State Bank Financial Corporation (NASDAQ:STBZ) for 12 shares. Moreover, Paradigm Asset Management Company Lc has 0.12% invested in State Bank Financial Corporation (NASDAQ:STBZ). Nj State Employees Deferred Compensation Plan holds 0.23% or 45,000 shares. First Tru Advsrs Lp accumulated 85,536 shares. Manufacturers Life Insur Com The stated it has 0.01% in State Bank Financial Corporation (NASDAQ:STBZ).

Since August 14, 2017, it had 0 buys, and 3 insider sales for $91,484 activity. Watkins Bradford L. had sold 1,000 shares worth $27,140 on Tuesday, September 12.

Banc Funds Co Llc decreased its stake in State Bank Financial Corporation (STBZ) by 8.73% based on its latest 2017Q3 regulatory filing with the SEC. Banc Funds Co Llc sold 161,052 shares as the company’s stock declined 7.98% while stock markets rallied. The hedge fund held 1.68M shares of the major banks company at the end of 2017Q3, valued at $48.24M, down from 1.84 million at the end of the previous reported quarter. Banc Funds Co Llc who had been investing in State Bank Financial Corporation for a number of months, seems to be less bullish one the $1.17B market cap company. The stock increased 0.74% or $0.22 during the last trading session, reaching $30.02. About 65,211 shares traded. State Bank Financial Corporation (NASDAQ:STBZ) has risen 21.99% since February 15, 2017 and is uptrending. It has outperformed by 5.29% the S&P500.

Banc Funds Co Llc, which manages about $1.41 billion and $2.23B US Long portfolio, upped its stake in Banc Of California Inc. (NYSE:BANC) by 243,624 shares to 517,828 shares, valued at $10.75M in 2017Q3, according to the filing. It also increased its holding in Commerce Union Bancshares Inc. (NASDAQ:CUBN) by 220,000 shares in the quarter, for a total of 342,020 shares, and has risen its stake in Flagstar Bancorp Inc. (NYSE:FBC).

More recent State Bank Financial Corporation (NASDAQ:STBZ) news were published by: Gurufocus.com which released: “Banc Funds Co Llc Buys First Choice Bancorp, South State Corp, MVB Financial …” on February 14, 2018. Also Latimes.com published the news titled: “A public bank for pot entrepreneurs? How about the rest of us?” on February 13, 2018. Seekingalpha.com‘s news article titled: “State Bank Financial’s (STBZ) CEO Tom Wiley on Q4 2017 Results – Earnings Call …” with publication date: January 26, 2018 was also an interesting one.

State Bank Financial Corporation (NASDAQ:STBZ) Ratings Coverage

Among 6 analysts covering State Bank Financial (NASDAQ:STBZ), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. State Bank Financial had 21 analyst reports since September 23, 2015 according to SRatingsIntel. The stock of State Bank Financial Corporation (NASDAQ:STBZ) earned “Hold” rating by Keefe Bruyette & Woods on Friday, June 16. SunTrust maintained the stock with “Buy” rating in Wednesday, October 4 report. SunTrust maintained the stock with “Buy” rating in Tuesday, November 28 report. The stock has “Buy” rating by Sandler O’Neill on Wednesday, September 23. SunTrust maintained the stock with “Buy” rating in Monday, January 8 report. SunTrust maintained State Bank Financial Corporation (NASDAQ:STBZ) rating on Tuesday, January 30. SunTrust has “Buy” rating and $36.0 target. As per Tuesday, February 6, the company rating was maintained by Hovde Group. On Friday, October 28 the stock rating was downgraded by Hovde Group to “Market Perform”. The stock has “Hold” rating by Stephens on Friday, January 26. Keefe Bruyette & Woods maintained the shares of STBZ in report on Thursday, December 21 with “Hold” rating.

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