Revenue Update on State Bank Financial Corp(NASDAQ:STBZ)

State Bank Financial Corp(NASDAQ:STBZ) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $41.72M. Analysts estimated a revenue of $36.48M. Earnings per share were $0.37. Analysts had estimated an EPS of $0.31.

State Bank Financial Corp (STBZ) shares turned negative on Thursdays trading session with the shares closing down -0.04 points or -0.18% at a volume of 40,222. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.147. The peak price level was also seen at $22.147 while the days lowest was $21.82. Finally the shares closed at $21.86. The 52-week high of the shares is $23.73 while the 52-week low is $17.34. According to the latest information available, the market cap of the company is $806 M.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2016, Remer Y Iii Brinson (Executive Vice President) sold 1,300 shares at $19.68 per share price.Also, On Dec 9, 2015, John D Houser (director) sold 25,000 shares at $21.92 per share price.On Dec 4, 2015, Steven G Deaton (EVP, Enterprise Risk Officer) sold 2,702 shares at $22.96 per share price, according to the Form-4 filing with the securities and exchange commission.

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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