CenterState Banks Inc. (csfl) Declares $0.04 Quarterly Dividend
CenterState Banks Inc. (NASDAQ:csfl) announced a quarterly dividend on Tuesday, November 29th. Shareholders of record on Thursday, December 15th will be given 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 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 company has a market cap of $1.08 billion, a PE ratio of 29.21 and a beta of 0.68. The stock has a 50 day moving average of $19.50 and a 200-day moving average of $17.36. CenterState Banks has a 1-year low of $12.56 and a 1-year high of $22.50.
CenterState Banks (NASDAQ:CSFL) last issued its earnings results on Tuesday, October 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. CenterState Banks had a net margin of 15.50% and a return on equity of 8.37%. On average, equities research analysts predict that CenterState Banks will post $1.27 earnings per share for the current year.
A number of brokerages have recently issued reports on CSFL. Zacks Investment Research raised shares of CenterState Banks from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday, October 20th. Stephens raised shares of CenterState Banks from an “equal weight” rating to an “overweight” rating and set a $20.00 price target on the stock in a report on Wednesday, September 28th.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allianz Asset Management AG boosted its position in CenterState Banks by 26.6% in the second quarter. Allianz Asset Management AG now owns 73,528 shares of the financial services provider’s stock valued at $1,158,000 after buying an additional 15,460 shares in the last quarter. Maltese Capital Management LLC raised its position in shares of CenterState Banks by 8.2% in the second quarter. Maltese Capital Management LLC now owns 562,600 shares of the financial services provider’s stock worth $8,861,000 after buying an additional 42,600 shares during the last quarter. APG Asset Management N.V. acquired a new position in shares of CenterState Banks during the second quarter worth about $5,312,000. Teachers Advisors Inc. raised its position in shares of CenterState Banks by 15.3% in the second quarter. Teachers Advisors Inc. now owns 114,061 shares of the financial services provider’s stock worth $1,796,000 after buying an additional 15,147 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of CenterState Banks by 2.3% in the second quarter. TIAA CREF Investment Management LLC now owns 303,033 shares of the financial services provider’s stock worth $4,773,000 after buying an additional 6,821 shares during the last quarter. 72.22% of the stock is currently owned by hedge funds and other institutional investors.
CenterState Banks Company Profile
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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