Schwab Charles Investment Management Inc. increased its stake in Centerstate Bank Corp (NASDAQ:CSFL) by 6.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 285,301 shares of the financial services provider’s stock after purchasing an additional 18,460 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Centerstate Bank were worth $7,341,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in shares of Centerstate Bank in the 3rd quarter valued at approximately $794,000. Swiss National Bank boosted its holdings in shares of Centerstate Bank by 9.4% in the 3rd quarter. Swiss National Bank now owns 92,696 shares of the financial services provider’s stock valued at $2,484,000 after buying an additional 8,000 shares during the last quarter. Dean Investment Associates LLC boosted its holdings in shares of Centerstate Bank by 126.5% in the 3rd quarter. Dean Investment Associates LLC now owns 300,310 shares of the financial services provider’s stock valued at $8,048,000 after buying an additional 167,720 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Centerstate Bank by 9.7% in the 3rd quarter. Stifel Financial Corp now owns 171,030 shares of the financial services provider’s stock valued at $4,581,000 after buying an additional 15,110 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its holdings in shares of Centerstate Bank by 3.4% in the 3rd quarter. ClariVest Asset Management LLC now owns 181,600 shares of the financial services provider’s stock valued at $4,867,000 after buying an additional 6,000 shares during the last quarter. 78.87% of the stock is owned by institutional investors.
In other Centerstate Bank news, Director Thomas E. Oakley sold 20,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $26.80, for a total transaction of $536,000.00. Following the completion of the sale, the director now owns 221,358 shares of the company’s stock, valued at approximately $5,932,394.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.65% of the company’s stock.
Shares of Centerstate Bank Corp (NASDAQ CSFL) opened at $28.45 on Friday. Centerstate Bank Corp has a twelve month low of $21.77 and a twelve month high of $28.46. The stock has a market capitalization of $2,344.28 and a price-to-earnings ratio of 20.17. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.10 per share. This is an increase from Centerstate Bank’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, March 14th. This represents a $0.40 annualized dividend and a yield of 1.41%. Centerstate Bank’s dividend payout ratio (DPR) is currently 18.90%.
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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.
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