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Centerstate Bank (NASDAQ: CSFL) ; a purchase valuation at According to Zacks, "CenterState Banks, Inc. is a bank holding company whose operational divisions are commercial banking and retail banking, and correspondent banks." Capital Markets Commercial Banking and retailer provides traditional deposit and lending products and services to its commercial and retail clients The Banking Correspondent and Capital Markets division offers banking audit and the purchase of federal funds services to small and medium-sized businesses Financial institutions primarily in Florida, Alabama and Georgia.The CenterState Banks services include interest bearing and noni interest bearing accounts, money market deposit accounts, term deposits, depository services, cash management, direct deposits, notary services, money orders, overnight deposits, traveler's checks, bank checks, domestic collections, savings bonds, drafts banking, ATMs, ATMs and banking by mail and the Internet. CenterStat "
A number of other stock market badysts have also published reports on the company. </ P> <p> BidaskClub has lowered Centerstate Bank from a purchase quotation to a conservation rating in a Research note on Friday, July 13. Brean Capital has reissued a purchase note on Centerstate Bank shares in a research note on Tuesday, July 10. Raymond James has lowered Centerstate Bank's outperformance rating to a market performance rating and set a price target of $ 32.00 for the company in a research note on Tuesday, May 29. They noted that the move was a call for evaluation Sandler O & # 39; Neill began his coverage on Centerstate Bank in a research note on Wednesday, May 2. They set a purchase rating and a $ 33.00 price target for the company. High Centerstate Bank of a weight rating equal to an overweighting of ns a research note on Thursday, April 26th. Four financial badysts badigned a reserve note to the action and five attributed a repurchase note to the action. Centerstate Bank has an average buy score and a consensus price target of $ 31.14.
NASDAQ CSFL fell $ 0.44 on Tuesday, reaching $ 27.75. 686,000 shares were exchanged for an average volume of 703,694 shares. The company has a ratio of 0.86, a ratio of 0.86 and a debt ratio of 0.21. Centerstate Bank has a minimum of 12 months of $ 25.03 and a high of $ 32.27 in 12 months.
Centerstate Bank (NASDAQ: CSFL) released its quarterly results on Tuesday, July 24. The financial services provider reported earnings per share (EPS) of $ 0.50 for the quarter, surpbading badysts' consensus estimates by $ 0.03 by $ 0.47. Centerstate Bank reported a return on equity of 8.36% and a net margin of 19.81%. Research badysts expect Centerstate Bank to post 2 results per share for the current year.
The firm also recently announced a quarterly dividend to be paid on Friday, September 28. Shareholders of record on Friday, September 14 will receive a dividend of $ 0.10. The ex-dividend date of this dividend is Thursday, September 13th. This represents an annualized dividend of $ 0.40 and a dividend yield of 1.44%.
Incidentally, insider Ernest S. Pinner sold 38,307 shares of the company during a transaction on Tuesday, May 22. The stock was sold at an average price of $ 31.90, for a total value of $ 1,221,993.30. Following the closing of the sale, the insider now holds 114,117 shares of the Company, valued at $ 3,640,332.30. The sale has been disclosed in a legal deposit with the SEC, which is accessible via this link. The insiders of the company own 2.35% of the shares of the company.
Several major investors have recently changed their position in the title. Brinker Capital Inc. increased its holdings of Centerstate Bank by 10.0% in the first quarter. Brinker Capital Inc. now holds 25,059 shares of the $ 665,000 financial services provider after acquiring 2,280 additional shares in the last quarter. American International Group Inc. increased its position in Centerstate Bank shares by 6.4% in the first quarter. American International Group Inc. now holds 38,676 shares of the $ 1,026,000 financial services provider after purchasing 2,337 additional shares in the last quarter. Xact Kapitalforvaltning AB increased its position in Centerstate Bank shares by 30.1% in the first quarter. Xact Kapitalforvaltning AB now holds 10,381 shares of the financial services provider valued at $ 275,000 after purchasing 2,400 additional shares in the last quarter. Virginia Retirement Systems ET AL increased its position in Centerstate Bank by 11.3% in the first quarter. Virginia Retirement Systems ET AL now holds 23,700 shares of the $ 629,000 worth of financial services provider after purchasing 2,400 additional shares in the last quarter. Finally, the Swiss National Bank increased its position in Centerstate Bank by 2.2% in the first quarter. The Swiss National Bank now holds 118,196 shares of the financial services provider valued at $ 3,136,000 after purchasing 2,600 additional shares in the last quarter. Institutional investors and hedge funds hold 75.96% of the shares of the company.
About Centerstate Bank
CenterState Bank Corporation is the holding company of CenterState Bank, NA, which provides various retail and commercial banking services to individuals, businesses and industries. Florida. The Company's deposit products include savings, demand, tradable withdrawal order and money market deposit accounts, as well as certificates of deposit and term deposits.
Recommended History: Diversification
Research Report on Centerstate Bank (CSFL)
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