CenterState Banks Inc. (NASDAQ:CSFL) posted its quarterly earnings data on Monday. The financial services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. CenterState Banks had a return on equity of 7.61% and a net margin of 14.11%.
Shares of CenterState Banks (NASDAQ:CSFL) opened at 18.26 on Wednesday. CenterState Banks has a 12-month low of $12.57 and a 12-month high of $18.40. The firm’s 50-day moving average price is $17.89 and its 200-day moving average price is $16.49. The firm has a market capitalization of $876.57 million, a P/E ratio of 27.42 and a beta of 0.70.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Thursday, September 15th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Tuesday, September 13th. CenterState Banks’s payout ratio is 23.88%.
CSFL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded CenterState Banks from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Monday, June 27th. Keefe, Bruyette & Woods boosted their price target on CenterState Banks from $17.00 to $18.00 and gave the company a “market perform” rating in a research note on Wednesday, July 27th. Finally, Stephens upgraded CenterState Banks from an “equal weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a research note on Wednesday, September 28th.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of CenterState Banks by 261.1% in the second quarter. BlackRock Inc. now owns 11,767 shares of the financial services provider’s stock valued at $185,000 after buying an additional 8,508 shares in the last quarter. AXA purchased a new position in shares of CenterState Banks during the second quarter worth about $246,000. Parametric Portfolio Associates LLC boosted its position in shares of CenterState Banks by 13.0% in the second quarter. Parametric Portfolio Associates LLC now owns 20,317 shares of the financial services provider’s stock worth $320,000 after buying an additional 2,337 shares during the period. American International Group Inc. boosted its position in shares of CenterState Banks by 0.3% in the second quarter. American International Group Inc. now owns 26,699 shares of the financial services provider’s stock worth $421,000 after buying an additional 85 shares during the period. Finally, Highbridge Capital Management LLC purchased a new position in shares of CenterState Banks during the second quarter worth about $600,000. 71.87% of the stock is currently owned by institutional investors.
About CenterState Banks
CenterState Banks, Inc (CSFL) is a bank holding company, which owns CenterState Bank of Florida, N.A. (CSB or the Bank) and a non-bank subsidiary, R4ALL, Inc (R4ALL). The Company’s basic services include demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, time deposits, safe deposit services, cash management, direct deposits, notary services, money orders, night depository, travelers’ checks, cashier’s checks, domestic collections, savings bonds, bank drafts, automated teller services, drive-in tellers, and banking by mail and by Internet.
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