Centerstate Bank Corp (NASDAQ:CSFL) – Equities research analysts at FIG Partners dropped their Q2 2019 earnings per share estimates for Centerstate Bank in a research report issued on Wednesday, March 13th. FIG Partners analyst J. Rodis now anticipates that the financial services provider will earn $0.54 per share for the quarter, down from their prior forecast of $0.55.

Centerstate Bank (NASDAQ:CSFL) last posted its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. Centerstate Bank had a return on equity of 10.45% and a net margin of 27.64%.

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Centerstate Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, February 12th. BidaskClub raised Centerstate Bank from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. ValuEngine raised Centerstate Bank from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Brean Capital reaffirmed a “buy” rating on shares of Centerstate Bank in a research note on Tuesday, January 22nd. Finally, Raymond James raised Centerstate Bank from a “market perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research note on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Centerstate Bank currently has an average rating of “Buy” and an average target price of $27.80.

NASDAQ CSFL opened at $25.58 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 0.88. Centerstate Bank has a 52 week low of $19.55 and a 52 week high of $32.27.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.72%. This is a boost from Centerstate Bank’s previous quarterly dividend of $0.10.

In other Centerstate Bank news, Chairman Ernest S. Pinner bought 1,425 shares of the business’s stock in a transaction that occurred on Wednesday, December 19th. The stock was purchased at an average price of $21.07 per share, for a total transaction of $30,024.75. Following the completion of the transaction, the chairman now owns 115,117 shares of the company’s stock, valued at approximately $2,425,515.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stephen Dean Young sold 25,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $25.49, for a total value of $637,250.00. Following the sale, the chief operating officer now owns 79,026 shares of the company’s stock, valued at approximately $2,014,372.74. The disclosure for this sale can be found here. Company insiders own 2.35% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank purchased a new position in Centerstate Bank during the 4th quarter valued at approximately $33,000. Private Capital Group LLC grew its holdings in Centerstate Bank by 194.6% during the 4th quarter. Private Capital Group LLC now owns 1,791 shares of the financial services provider’s stock valued at $38,000 after buying an additional 1,183 shares in the last quarter. Trustcore Financial Services LLC purchased a new position in Centerstate Bank during the 4th quarter valued at approximately $38,000. Bremer Trust National Association purchased a new position in Centerstate Bank during the 4th quarter valued at approximately $55,000. Finally, Bank of Montreal Can grew its holdings in Centerstate Bank by 29.6% during the 4th quarter. Bank of Montreal Can now owns 2,879 shares of the financial services provider’s stock valued at $61,000 after buying an additional 658 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

About Centerstate Bank

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.

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

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