Weekly Research Analysts’ Ratings Updates for Centerstate Bank (CSFL)

A number of firms have modified their ratings and price targets on shares of Centerstate Bank (NASDAQ: CSFL) recently:

  • 2/1/2018 – Centerstate Bank was upgraded by analysts at Brean Capital to a “buy” rating. They now have a $31.00 price target on the stock.
  • 2/1/2018 – Centerstate Bank was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 1/31/2018 – Centerstate Bank was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating.
  • 1/29/2018 – Centerstate Bank had its “hold” rating reaffirmed by analysts at Brean Capital.
  • 1/26/2018 – Centerstate Bank was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 1/11/2018 – Centerstate Bank was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 1/3/2018 – Centerstate Bank was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 1/2/2018 – Centerstate Bank had its “hold” rating reaffirmed by analysts at Brean Capital.
  • 12/26/2017 – Centerstate Bank was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “CenterState Banks, Inc., formerly CenterState Banks of Florida, Inc., operates as a multi bank holding company, which provides consumer and commercial banking services to individuals, businesses, and industries. The Bank owns CenterState Bank Central Florida National Association, CenterState Bank National Association, CenterState Bank of Florida National Association, and Valrico State Bank (collectively, the Banks). Based in Davenport, Florida, the Company provides a range of consumer and commercial banking services to individuals, businesses, and industries. In addition, the Company make secured and unsecured commercial and real estate loans and issue stand-by letters of credit. Further, the company provides mutual funds, annuities, bonds, fixed income securities, and other products, as well as commercial checking accounts and loans to correspondent banks. “

Shares of Centerstate Bank Corp (NASDAQ:CSFL) traded down $0.48 during trading hours on Thursday, hitting $26.07. The stock had a trading volume of 728,514 shares, compared to its average volume of 873,347. The firm has a market cap of $1,600.00, a P/E ratio of 20.53 and a beta of 0.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.85 and a quick ratio of 0.85. Centerstate Bank Corp has a 12 month low of $25.03 and a 12 month high of $27.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.53%. This is an increase from Centerstate Bank’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, March 14th. Centerstate Bank’s payout ratio is currently 18.90%.

In other news, Director Thomas E. Oakley sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $26.80, for a total value of $536,000.00. Following the transaction, the director now directly owns 221,358 shares of the company’s stock, valued at approximately $5,932,394.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ernest S. Pinner sold 20,186 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $27.31, for a total value of $551,279.66. Following the completion of the transaction, the insider now directly owns 131,766 shares in the company, valued at $3,598,529.46. The disclosure for this sale can be found here. 3.65% of the stock is owned by insiders.

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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