CenterState Banks Inc. (CSFL) Scheduled to Post Earnings on Monday
CenterState Banks Inc. (NASDAQ:CSFL) will be releasing its earnings data after the market closes on Monday, October 17th. Analysts expect CenterState Banks to post earnings of $0.31 per share for the quarter.
CenterState Banks (NASDAQ:CSFL) last announced its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. CenterState Banks had a return on equity of 7.61% and a net margin of 14.11%. On average, analysts expect CenterState Banks to post $1.23 EPS for the current fiscal year and $1.27 EPS for the next fiscal year.
Shares of CenterState Banks Inc. (NASDAQ:CSFL) traded up 1.06% during mid-day trading on Friday, hitting $18.12. The stock had a trading volume of 104,248 shares. The stock has a market capitalization of $869.85 million, a P/E ratio of 27.21 and a beta of 0.70. CenterState Banks Inc. has a 52 week low of $12.57 and a 52 week high of $18.40. The stock has a 50 day moving average of $17.86 and a 200-day moving average of $16.40.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.89%. The ex-dividend date was Tuesday, September 13th. CenterState Banks’s dividend payout ratio is currently 23.88%.
CSFL has been the subject of several analyst reports. Stephens raised CenterState Banks from an “equal weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Wednesday, September 28th. Zacks Investment Research upgraded CenterState Banks from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Monday, June 27th. Finally, Keefe, Bruyette & Woods increased their price target on CenterState Banks from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, July 27th.
A number of hedge funds have recently modified their holdings of CSFL. Highbridge Capital Management LLC purchased a new stake in shares of CenterState Banks during the second quarter valued at approximately $600,000. AQR Capital Management LLC increased its stake in shares of CenterState Banks by 8.1% in the second quarter. AQR Capital Management LLC now owns 166,804 shares of the financial services provider’s stock valued at $2,628,000 after buying an additional 12,495 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of CenterState Banks by 1.7% in the second quarter. Panagora Asset Management Inc. now owns 316,980 shares of the financial services provider’s stock valued at $4,992,000 after buying an additional 5,375 shares in the last quarter. A.R.T. Advisors LLC increased its stake in shares of CenterState Banks by 160.0% in the second quarter. A.R.T. Advisors LLC now owns 38,671 shares of the financial services provider’s stock valued at $609,000 after buying an additional 23,800 shares in the last quarter. Finally, Ranger Investment Management L.P. increased its stake in shares of CenterState Banks by 4.2% in the second quarter. Ranger Investment Management L.P. now owns 126,683 shares of the financial services provider’s stock valued at $1,995,000 after buying an additional 5,140 shares in the last quarter. Hedge funds and other institutional investors own 71.94% of the company’s stock.
About CenterState Banks
CenterState Banks, Inc (CSFL) is a bank holding company, which owns CenterState Bank of Florida, N.A. (CSB or the Bank) and a non-bank subsidiary, R4ALL, Inc (R4ALL). The Company’s basic services include demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, time deposits, safe deposit services, cash management, direct deposits, notary services, money orders, night depository, travelers’ checks, cashier’s checks, domestic collections, savings bonds, bank drafts, automated teller services, drive-in tellers, and banking by mail and by Internet.
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