|Day Low/High||34.51 / 34.81|
|52 Wk Low/High||25.41 / 35.99|
Cadence Bancorporation (NYSE:CADE) and State Bank Financial Corporation (NASDAQ:STBZ) jointly announced today the entry into a definitive merger agreement in a stock-for-stock transaction, creating a combined organization with $16 billion in assets, $12...
In recent trading, shares of State Bank Financial Corp have crossed above the average analyst 12-month target price of $26.55, changing hands for $27.00/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
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