Positive Press Coverage Somewhat Unlikely to Impact Centerstate Bank (CSFL) Stock Price

News coverage about Centerstate Bank (NASDAQ:CSFL) has been trending positive on Friday, Accern reports. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Centerstate Bank earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.0534152948627 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of Centerstate Bank (CSFL) opened at $25.51 on Friday. The company has a market cap of $1,530.00, a P/E ratio of 20.25 and a beta of 0.55. Centerstate Bank has a 52-week low of $25.33 and a 52-week high of $26.08. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Thursday, December 14th. Centerstate Bank’s dividend payout ratio (DPR) is 19.05%.

Centerstate Bank announced that its Board of Directors has approved a stock repurchase program on Thursday, September 7th that authorizes the company to buyback 3,000,000 shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Several research analysts have issued reports on CSFL shares. BidaskClub lowered shares of Centerstate Bank from a “sell” rating to a “strong sell” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Centerstate Bank from a “sell” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, December 26th. Brean Capital restated a “hold” rating on shares of Centerstate Bank in a report on Tuesday. Stephens lowered shares of Centerstate Bank from an “overweight” rating to an “equal weight” rating and set a $28.00 price target for the company. in a report on Tuesday, October 24th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $28.00 price objective on shares of Centerstate Bank in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $29.00.

In other news, insider Ernest S. Pinner sold 20,186 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $27.31, for a total transaction of $551,279.66. Following the completion of the sale, the insider now owns 131,766 shares of the company’s stock, valued at approximately $3,598,529.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jennifer Idell sold 2,351 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $27.00, for a total transaction of $63,477.00. Following the sale, the chief financial officer now directly owns 9,053 shares of the company’s stock, valued at approximately $244,431. The disclosure for this sale can be found here. Company insiders own 3.65% of the company’s stock.

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Centerstate Bank Company Profile

CenterState Bank Corporation, formerly CenterState Banks, Inc, is a financial holding company, which owns CenterState Bank of Florida, N.A. (CenterState Bank or the Bank). The Company provides a range of consumer and commercial banking services to individuals, businesses and industries. The Company’s segments include commercial and retail banking, correspondent banking and capital markets division, and corporate overhead and administration.

Insider Buying and Selling by Quarter for Centerstate Bank (NASDAQ:CSFL)

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