CenterState Banks Inc. (csfl) Announces Quarterly Dividend of $0.04
CenterState Banks Inc. (NASDAQ:csfl) announced a quarterly dividend on Tuesday, November 29th. Shareholders of record on Thursday, December 15th will be paid a dividend of 0.04 per share by the financial services provider on Friday, December 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, December 13th.
CenterState Banks (NASDAQ:CSFL) opened at 22.46 on Wednesday. The firm has a market capitalization of $1.08 billion, a PE ratio of 29.21 and a beta of 0.68. CenterState Banks has a one year low of $12.56 and a one year high of $22.50. The stock has a 50 day moving average price of $19.50 and a 200-day moving average price of $17.36.
CenterState Banks (NASDAQ:CSFL) last released its earnings results on Tuesday, October 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. CenterState Banks had a return on equity of 8.37% and a net margin of 15.50%. On average, equities analysts forecast that CenterState Banks will post $1.27 earnings per share for the current year.
A number of analysts recently issued reports on CSFL shares. Zacks Investment Research downgraded CenterState Banks from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Stephens raised CenterState Banks from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a research report on Wednesday, September 28th.
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Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of CenterState Banks during the third quarter worth $133,000. BlackRock Inc. increased its position in shares of CenterState Banks by 261.1% in the second quarter. BlackRock Inc. now owns 11,767 shares of the financial services provider’s stock worth $185,000 after buying an additional 8,508 shares during the period. AXA acquired a new position in shares of CenterState Banks during the second quarter worth $246,000. KCG Holdings Inc. acquired a new position in shares of CenterState Banks during the third quarter worth $282,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of CenterState Banks by 13.0% in the second quarter. Parametric Portfolio Associates LLC now owns 20,317 shares of the financial services provider’s stock worth $320,000 after buying an additional 2,337 shares during the period. 72.22% of the stock is currently owned by hedge funds and other institutional investors.
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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