Centerstate Bank Corp (NASDAQ:CSFL) – Analysts at FIG Partners issued their Q1 2019 earnings per share estimates for shares of Centerstate Bank in a note issued to investors on Wednesday, October 31st. FIG Partners analyst J. Rodis forecasts that the financial services provider will post earnings of $0.50 per share for the quarter. FIG Partners also issued estimates for Centerstate Bank’s Q2 2019 earnings at $0.53 EPS, Q3 2019 earnings at $0.57 EPS and Q4 2019 earnings at $0.60 EPS.
Centerstate Bank (NASDAQ:CSFL) last issued its earnings results on Tuesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.01. Centerstate Bank had a net margin of 21.38% and a return on equity of 8.96%.
Several other equities research analysts also recently commented on CSFL. BidaskClub downgraded shares of Centerstate Bank from a “hold” rating to a “sell” rating in a research note on Friday, October 19th. Brean Capital reaffirmed a “buy” rating on shares of Centerstate Bank in a research note on Monday, October 29th. Zacks Investment Research downgraded shares of Centerstate Bank from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Finally, ValuEngine downgraded shares of Centerstate Bank from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $32.60.
Shares of NASDAQ:CSFL opened at $24.77 on Thursday. Centerstate Bank has a 52 week low of $22.75 and a 52 week high of $32.27. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 17.68 and a beta of 0.58.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Thursday, December 13th.
In other Centerstate Bank news, Director James H. Bingham sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $30.50, for a total value of $76,250.00. Following the completion of the sale, the director now owns 120,573 shares of the company’s stock, valued at $3,677,476.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.35% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. Parallel Advisors LLC acquired a new position in shares of Centerstate Bank in the third quarter valued at approximately $114,000. IFP Advisors Inc boosted its holdings in shares of Centerstate Bank by 300.0% in the third quarter. IFP Advisors Inc now owns 6,320 shares of the financial services provider’s stock valued at $177,000 after buying an additional 4,740 shares during the period. Zeke Capital Advisors LLC acquired a new position in shares of Centerstate Bank in the second quarter valued at approximately $205,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Centerstate Bank in the second quarter valued at approximately $208,000. Finally, BB&T Securities LLC acquired a new position in shares of Centerstate Bank in the second quarter valued at approximately $213,000. 82.48% 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.
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