Brokers Set Expectations for Centerstate Bank Corp’s FY2019 Earnings (NASDAQ:CSFL)

Share on StockTwits

Centerstate Bank Corp (NASDAQ:CSFL) – Analysts at SunTrust Banks increased their FY2019 earnings estimates for Centerstate Bank in a research note issued on Friday, August 16th. SunTrust Banks analyst M. Young now anticipates that the financial services provider will post earnings per share of $2.07 for the year, up from their prior forecast of $2.06. SunTrust Banks also issued estimates for Centerstate Bank’s Q4 2019 earnings at $0.54 EPS.

Several other equities analysts also recently weighed in on the company. Zacks Investment Research raised Centerstate Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. BidaskClub raised Centerstate Bank from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $28.40.

NASDAQ CSFL opened at $23.18 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.95 and a quick ratio of 0.94. The business’s 50 day moving average price is $23.22 and its 200-day moving average price is $24.00. Centerstate Bank has a fifty-two week low of $19.55 and a fifty-two week high of $31.22.

Centerstate Bank (NASDAQ:CSFL) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $0.51 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. The firm had revenue of $196.62 million for the quarter, compared to the consensus estimate of $193.83 million. Centerstate Bank had a return on equity of 9.64% and a net margin of 27.16%.

In other Centerstate Bank news, Director Thomas E. Oakley acquired 3,575 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average price of $23.03 per share, for a total transaction of $82,332.25. Following the acquisition, the director now directly owns 206,631 shares in the company, valued at $4,758,711.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.75% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. D L Carlson Investment Group Inc. boosted its holdings in Centerstate Bank by 0.5% during the 1st quarter. D L Carlson Investment Group Inc. now owns 90,480 shares of the financial services provider’s stock valued at $2,154,000 after acquiring an additional 465 shares during the period. Dana Investment Advisors Inc. boosted its holdings in Centerstate Bank by 0.7% during the 2nd quarter. Dana Investment Advisors Inc. now owns 91,609 shares of the financial services provider’s stock valued at $2,110,000 after acquiring an additional 648 shares during the period. Alps Advisors Inc. lifted its holdings in shares of Centerstate Bank by 4.4% in the 1st quarter. Alps Advisors Inc. now owns 15,827 shares of the financial services provider’s stock worth $377,000 after buying an additional 672 shares during the period. Comerica Bank lifted its holdings in shares of Centerstate Bank by 0.3% in the 2nd quarter. Comerica Bank now owns 284,630 shares of the financial services provider’s stock worth $6,524,000 after buying an additional 969 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Centerstate Bank by 29.2% in the 2nd quarter. Parallel Advisors LLC now owns 5,252 shares of the financial services provider’s stock worth $121,000 after buying an additional 1,187 shares during the period. Institutional investors own 67.13% of the company’s stock.

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. The company accepts various deposit products, such as savings, demand, negotiable order of withdrawal, and money market deposit accounts, as well as certificates of deposit and time deposits.

Featured Story: Why does a company issue an IPO?

Earnings History and Estimates for Centerstate Bank (NASDAQ:CSFL)

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

D.A. Davidson & CO. Takes $207,000 Position in VANGUARD RUSSELL 1000 VALUE ETF
D.A. Davidson & CO. Takes $207,000 Position in VANGUARD RUSSELL 1000 VALUE ETF
Glen Harbor Capital Management LLC Increases Stock Position in Briggs & Stratton Co.
Glen Harbor Capital Management LLC Increases Stock Position in Briggs & Stratton Co.
Regina E. Groves Buys 500 Shares of AtriCure Inc.  Stock
Regina E. Groves Buys 500 Shares of AtriCure Inc. Stock
William Caleb Barlow Purchases 10,000 Shares of CynergisTek Inc  Stock
William Caleb Barlow Purchases 10,000 Shares of CynergisTek Inc Stock
Mark William Lowdell Buys 2,918 Shares of INmune Bio Inc  Stock
Mark William Lowdell Buys 2,918 Shares of INmune Bio Inc Stock
Kevin Frija Purchases 289,999 Shares of VPR Brands LP  Stock
Kevin Frija Purchases 289,999 Shares of VPR Brands LP Stock


© 2006-2019 Ticker Report