Schroder Investment Management Group bought a new position in shares of CenterState Banks, Inc. (NASDAQ:CSFL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 47,045 shares of the financial services provider’s stock, valued at approximately $1,258,000. Schroder Investment Management Group owned approximately 0.08% of CenterState Banks as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its position in CenterState Banks by 0.3% during the second quarter. Alps Advisors Inc. now owns 18,618 shares of the financial services provider’s stock worth $463,000 after acquiring an additional 48 shares during the last quarter. Advisor Group Inc. boosted its position in CenterState Banks by 2.9% during the second quarter. Advisor Group Inc. now owns 4,016 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 115 shares during the last quarter. Intrust Bank NA boosted its position in CenterState Banks by 3.1% during the second quarter. Intrust Bank NA now owns 17,331 shares of the financial services provider’s stock worth $431,000 after acquiring an additional 518 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in CenterState Banks by 18.2% during the second quarter. Ameritas Investment Partners Inc. now owns 4,735 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 730 shares during the last quarter. Finally, Tudor Investment Corp ET AL boosted its position in CenterState Banks by 10.8% during the second quarter. Tudor Investment Corp ET AL now owns 11,178 shares of the financial services provider’s stock worth $278,000 after acquiring an additional 1,092 shares during the last quarter. 75.84% of the stock is owned by institutional investors and hedge funds.

CenterState Banks, Inc. (NASDAQ:CSFL) opened at $26.26 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1,580.00, a PE ratio of 19.10 and a beta of 0.55. CenterState Banks, Inc. has a fifty-two week low of $21.77 and a fifty-two week high of $27.95.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.06 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.24 annualized dividend and a yield of 0.91%. CenterState Banks’s payout ratio is 12.70%.

CenterState Banks declared that its board has authorized a stock repurchase plan on Thursday, September 7th that permits the company to repurchase 3,000,000 outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

A number of research firms recently weighed in on CSFL. ValuEngine lowered shares of CenterState Banks from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Brean Capital restated a “hold” rating on shares of CenterState Banks in a research report on Monday, October 30th. Keefe, Bruyette & Woods restated a “hold” rating and set a $29.00 price target on shares of CenterState Banks in a research report on Thursday, October 26th. Stephens lowered shares of CenterState Banks from an “overweight” rating to an “equal weight” rating and set a $28.00 price target on the stock. in a research report on Tuesday, October 24th. Finally, BidaskClub lowered shares of CenterState Banks from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $28.33.

In other CenterState Banks news, insider Ernest S. Pinner sold 20,186 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $27.31, for a total value of $551,279.66. Following the transaction, the insider now directly owns 131,766 shares in the company, valued at approximately $3,598,529.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jennifer Idell sold 2,351 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $27.00, for a total transaction of $63,477.00. Following the completion of the transaction, the chief financial officer now owns 9,053 shares in the company, valued at $244,431. The disclosure for this sale can be found here. Insiders own 3.65% of the company’s stock.

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About CenterState Banks

CenterState Bank Corporation, formerly CenterState Banks, Inc, is a financial holding company, which owns CenterState Bank of Florida, N.A. (CenterState Bank or the Bank). The Company provides a range of consumer and commercial banking services to individuals, businesses and industries. The Company’s segments include commercial and retail banking, correspondent banking and capital markets division, and corporate overhead and administration.

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Institutional Ownership by Quarter for CenterState Banks (NASDAQ:CSFL)

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