Insiders Seeing Green With STBZ At New 52-Week High

In trading on Tuesday, shares of State Bank Financial Corp (STBZ) touched a new 52-week high of $17.11/share. That's a 19.65% rise, or $2.81 per share from the 52-week low of $14.30 set back on 04/30/2013. That means at today's intraday high, any investor who purchased STBZ stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, STBZ has seen 2 different instances of insiders buying over the trailing six month period.

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Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
04/29/2013 Joseph W. Evans Chief Exec Officer, Chairman 1,000 $14.50 $14,500.00
05/01/2013 Joseph W. Evans Chief Exec Officer, Chairman 1,000 $14.50 $14,500.00
05/24/2013 John D. Houser Director 5,000 $15.67 $78,350.00

The chart below shows where STBZ has traded over the past year, with the 50-day and 200-day moving averages included.

State Bank Financial Corp Moving Averages Chart

In afternoon trading on Tuesday, STBZ shares are changing hands at $16.88/share, slightly below the new 52-week high.

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