Centerstate Bank Corp (NASDAQ:CSFL) announced a quarterly dividend on Tuesday, January 30th, Wall Street Journal reports. Stockholders of record on Thursday, March 15th will be given a dividend of 0.10 per share by the financial services provider on Friday, March 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Centerstate Bank’s previous quarterly dividend of $0.06.
Shares of Centerstate Bank (NASDAQ:CSFL) opened at $27.99 on Tuesday. Centerstate Bank has a one year low of $25.03 and a one year high of $28.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 0.85. The firm has a market capitalization of $2,378.56 and a PE ratio of 20.47.
In other news, Director Thomas E. Oakley sold 20,000 shares of the firm’s stock in a transaction dated 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 directly owns 221,358 shares of the company’s stock, valued at approximately $5,932,394.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.65% of the stock is owned by company insiders.
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About Centerstate Bank
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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