CenterState Bank (CSFL) Earns “Buy” Rating from Brean Capital

Brean Capital restated their buy rating on shares of CenterState Bank (NASDAQ:CSFL) in a research note published on Thursday morning.

Several other brokerages have also issued reports on CSFL. SunTrust Banks began coverage on CenterState Bank in a report on Tuesday, March 6th. They set a buy rating and a $32.00 price objective on the stock. BidaskClub lowered CenterState Bank from a hold rating to a sell rating in a report on Thursday, December 7th. Zacks Investment Research raised CenterState Bank from a sell rating to a buy rating and set a $30.00 price objective on the stock in a report on Tuesday, December 26th. Finally, Keefe, Bruyette & Woods raised CenterState Bank from a market perform rating to an outperform rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. CenterState Bank has an average rating of Hold and an average target price of $30.00.

How to Become a New Pot Stock Millionaire

Shares of CSFL stock opened at $26.35 on Thursday. The stock has a market cap of $2,202.99, a price-to-earnings ratio of 25.83 and a beta of 0.55. CenterState Bank has a 1 year low of $25.03 and a 1 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 business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.52%. This is a positive change from CenterState Bank’s previous quarterly dividend of $0.06. CenterState Bank’s dividend payout ratio (DPR) is currently 39.22%.

In related 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 transaction, the director now owns 221,358 shares of the company’s stock, valued at $5,932,394.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.35% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE grew its holdings in shares of CenterState Bank by 74.5% during the fourth quarter. US Bancorp DE now owns 4,694 shares of the financial services provider’s stock worth $120,000 after buying an additional 2,004 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new position in shares of CenterState Bank during the fourth quarter worth about $205,000. Jane Street Group LLC purchased a new position in shares of CenterState Bank during the third quarter worth about $218,000. BNP Paribas Arbitrage SA grew its holdings in shares of CenterState Bank by 50.1% during the third quarter. BNP Paribas Arbitrage SA now owns 8,500 shares of the financial services provider’s stock worth $228,000 after buying an additional 2,838 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its holdings in shares of CenterState Bank by 35.6% during the fourth quarter. Thrivent Financial For Lutherans now owns 12,133 shares of the financial services provider’s stock worth $312,000 after buying an additional 3,183 shares during the last quarter. 56.37% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.tickerreport.com/banking-finance/3340536/centerstate-bank-csfl-earns-buy-rating-from-brean-capital.html.

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.

Receive News & Ratings for CenterState Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterState Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Somewhat Positive News Coverage Somewhat Unlikely to Impact Wintrust Financial  Stock Price
Somewhat Positive News Coverage Somewhat Unlikely to Impact Wintrust Financial Stock Price
SAGE Therapeutics  Receives Media Impact Score of 0.08
SAGE Therapeutics Receives Media Impact Score of 0.08
First Citizens BancShares  Given Daily Media Sentiment Rating of 0.22
First Citizens BancShares Given Daily Media Sentiment Rating of 0.22
International Game Technology  Receiving Somewhat Favorable Press Coverage, Accern Reports
International Game Technology Receiving Somewhat Favorable Press Coverage, Accern Reports
Acute Angle Cloud Tops 1-Day Volume of $7.13 Million
Acute Angle Cloud Tops 1-Day Volume of $7.13 Million
FuturXe  Price Tops $0.0093 on Exchanges
FuturXe Price Tops $0.0093 on Exchanges


© 2006-2018 Ticker Report. Google+.