This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

10 Well-Run, Profitable Banks (Update 3)

5. State Bank Financial Corp.

Shares of State Bank Financial (STBZ) of Atlanta closed at $15.11 Friday, returning 4% in 2011.

The company's third-quarter efficiency ratio was 37.84, according to SNL Financial.

State Bank Financial on Oct. 21 purchased the failed Community Capital Bank of Jonesboro, Ga., from the FDIC, picking up two branches and roughly $181 million in assets, with the FDIC covering 80% of losses on $141.3 million of the acquired assets. That deal followed the purchase of the failed Piedmont Community Bank of Gray, Ga., which had $201.7 million in assets and two branches, with the FDIC agreeing to cover 80% of losses on $163.2 million of the acquired assets.

State Bank Financial earned $17.1 million, or 53 cents a share, in the third quarter, increasing from $10.8 million, or 34 cents, a year earlier, with the increase mainly reflecting growth through previous government-assisted acquisitions.

The third-quarter ROA was 2.52%, according to SNL.

FIG Partners analyst Christopher Marinac rates State Bank Financial "Outperform," with an $18.50 price target, saying after the two October acquisitions that the company's "build-up of both Cash and Retained Capital remains tremendous, which enables tangible book value to grow significantly during the next several quarters into 2013." Marinac also said "the company has the capacity to pay cash dividends as well as execute on share repurchases when prudent, both of which serve to justify a stronger stock price."

The analyst estimates that the company will earn $1.17 a share in 2012.

The shares trade for 10 times the consensus 2012 EPS estimate of $1.49, among analysts polled by FactSet, and for 1.3 times their Sept. 30 tangible book value of $12.04, according to SNL Financial.

All three analysts covering State Bank Financial Corp. rate the shares a buy.

Interested in more on State Bank Financial? See TheStreet Ratings' report card for this stock.

7 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BKU $32.42 0.00%
HCBK $9.91 0.00%
ORIT $14.46 0.00%
PB $51.53 0.00%
SBNY $124.75 0.00%

Markets

DOW 18,096.90 -106.47 -0.58%
S&P 500 2,098.53 -9.25 -0.44%
NASDAQ 4,967.1410 -12.76 -0.26%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs