Centerstate Bank Corp (NASDAQ:CSFL) has been given an average rating of “Buy” by the seven brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $28.33.
A number of research analysts recently commented on the company. Zacks Investment Research cut Centerstate Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Brean Capital reissued a “buy” rating on shares of Centerstate Bank in a research report on Tuesday, January 22nd. BidaskClub upgraded shares of Centerstate Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Raymond James upgraded shares of Centerstate Bank from a “market perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Monday, January 7th. Finally, ValuEngine upgraded shares of Centerstate Bank from a “sell” rating to a “hold” rating in a research note on Friday, February 8th.
Get Centerstate Bank alerts:CSFL opened at $25.60 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.22. Centerstate Bank has a 12-month low of $19.55 and a 12-month high of $32.27.
Centerstate Bank (NASDAQ:CSFL) last announced its earnings results on Tuesday, January 22nd. The financial services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Centerstate Bank had a return on equity of 9.02% and a net margin of 22.11%. As a group, equities analysts anticipate that Centerstate Bank will post 2.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a dividend of $0.11 per share. This is a boost from Centerstate Bank’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, March 14th.
In other Centerstate Bank news, Director David G. Salyers bought 3,500 shares of the firm’s stock in a transaction dated Friday, December 14th. The shares were bought at an average price of $22.01 per share, for a total transaction of $77,035.00. Following the completion of the acquisition, the director now owns 8,892 shares of the company’s stock, valued at $195,712.92. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Ernest S. Pinner purchased 1,425 shares of the business’s stock in a transaction dated Wednesday, December 19th. The shares were purchased at an average cost of $21.07 per share, for a total transaction of $30,024.75. Following the purchase, the chairman now directly owns 115,117 shares of the company’s stock, valued at $2,425,515.19. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 5,925 shares of company stock worth $128,120. Company insiders own 2.35% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. MUFG Securities EMEA plc bought a new stake in Centerstate Bank during the 4th quarter worth $564,000. Geode Capital Management LLC grew its holdings in Centerstate Bank by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 882,603 shares of the financial services provider’s stock valued at $18,569,000 after purchasing an additional 49,265 shares during the period. Norges Bank purchased a new stake in shares of Centerstate Bank during the fourth quarter worth $16,599,000. Nordea Investment Management AB raised its position in shares of Centerstate Bank by 10.0% in the fourth quarter. Nordea Investment Management AB now owns 168,852 shares of the financial services provider’s stock worth $3,553,000 after buying an additional 15,336 shares in the last quarter. Finally, HRT Financial LLC purchased a new stake in Centerstate Bank during the fourth quarter valued at about $255,000. 79.49% of the stock is owned by hedge funds and other institutional investors.
Centerstate Bank Company Profile
CenterState Bank Corporation operates as the holding company for CenterState Bank, N.A. that provides various consumer and commercial banking services to individuals, businesses, and industries in Florida. The company's deposit products include savings, demand, negotiable order of withdrawal, and money market deposit accounts, as well as certificates of deposit and time deposits.
Further Reading: Blue-Chip Stocks
No comments:
Post a Comment