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State Bank Financial Corporation Buyback

OLI recorded this information on 2/11/2016

Company: State Bank Financial Corporation
Buyback: STBZ buyback
Share Amount Authorized: 1,500,000
Buyback Details: Furthermore, the Board of Directors of State Bank Financial Corporation (the "Company") authorized a stock repurchase program under which the Company may purchase up to 1.5 million shares of its outstanding common stock at the discretion of management, under Rule 10b-18. Prior to this action, the Company terminated its written trading plan that was entered into with a broker on March 12, 2015, for the purpose of repurchasing up to one million shares of its common stock in accordance with the guidelines specified in Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. No shares of common stock were purchased under that plan.

State Bank Financial is a bank holding company. Through its subsidiary, State Bank and Trust Company, Co. provides a range of community banking services to individuals and businesses within its markets. Co.'s product lines include loans to small and medium-sized businesses, residential and commercial construction and development loans, commercial real estate loans, farmland and agricultural production loans, residential mortgage loans, home equity loans, consumer loans and a variety of commercial and consumer demand, savings and time deposit products. As of Dec 31 2017, Co. had total assets of $4.96 billion and total deposits of $4.24 billion.
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Company Name:  State Bank Financial Corp
Stock buyback:  STBZ buyback
Sector:  Banking & Savings
 

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April 27, 2024    10:33 AM Eastern
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Buy (2.60 out of 4)
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