Schizophrenia (SZ) is a severe neuropsychiatric disorder with a hallmark of functional dysconnectivity between numerous brain regions. With an implicit assumption of stationary brain interactions during the scanning period, most of the resting-state functional magnetic resonance imaging (fMRI) studies are conducted on static functional network connectivity (sFNC). Dynamic functional network connectivity (dFNC) that explores temporal patterns of functional connectivity (FC) might provide additional information to its static counterpart. In this work, we first estimate latent features (called connectivity states) by applying k-means clustering on dFNC. Next, using the estimated latent features, we trained and tested a classifier, which can differentiate SZ from healthy control (HC) subjects with 71% accuracy. Using a feature selection method embedded in the classifier, we have highlighted the role of transition probabilities between states as potential biomarkers and identified the role of lightly modularized transient connectivity state in pulling healthy subjects out of both highly modularized and very disconnected states. This will offer some new understandings about the way the healthy brain shifts between the most and the least connected states of whole brain connectivity.