Sfmg LLC acquired a new stake in Centerstate Bank Corp (NASDAQ:CSFL) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 24,750 shares of the financial services provider’s stock, valued at approximately $601,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CSFL. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Centerstate Bank in the 1st quarter valued at approximately $34,000. Bremer Bank National Association acquired a new stake in shares of Centerstate Bank during the first quarter worth $34,000. Osborn Williams & Donohoe LLC acquired a new stake in shares of Centerstate Bank during the first quarter worth $49,000. Hanson McClain Inc. acquired a new stake in shares of Centerstate Bank during the second quarter worth $57,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Centerstate Bank during the second quarter worth $68,000. 67.13% of the stock is currently owned by institutional investors and hedge funds.

In other Centerstate Bank news, Director Thomas E. Oakley bought 3,575 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were purchased at an average price of $23.03 per share, for a total transaction of $82,332.25. Following the completion of the transaction, the director now directly owns 206,631 shares in the company, valued at approximately $4,758,711.93. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.75% of the company’s stock.

CSFL stock traded down $0.34 during midday trading on Tuesday, reaching $23.20. The company had a trading volume of 6,607 shares, compared to its average volume of 624,021. The stock has a 50 day moving average price of $23.21 and a 200-day moving average price of $24.00. Centerstate Bank Corp has a 1-year low of $19.55 and a 1-year high of $31.22. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.19.

Centerstate Bank (NASDAQ:CSFL) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.51. Centerstate Bank had a return on equity of 9.64% and a net margin of 27.16%. The firm had revenue of $196.62 million for the quarter, compared to analysts’ expectations of $193.83 million. Sell-side analysts anticipate that Centerstate Bank Corp will post 2.05 EPS for the current fiscal year.

CSFL has been the subject of a number of analyst reports. BidaskClub raised Centerstate Bank from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Zacks Investment Research raised Centerstate Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $28.40.

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.

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Institutional Ownership by Quarter for Centerstate Bank (NASDAQ:CSFL)

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