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About Centerstate Bank (NASDAQ:CSFL)
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 in Florida. The company's deposit products include savings, demand, negotiable order of withdrawal, and money market deposit accounts, as well as certificates of deposit and time deposits. It also offers real estate loans to individuals and businesses for the purchase, improvement of, or investment in real estate; construction of single-family residential and commercial units; and development of single-family residential building lots. In addition, the company provides commercial loans to individuals and small-to-medium sized businesses for working capital, equipment purchases, and various other business purposes; and consumer loans comprising loans to individuals for various consumer purposes, as well as business purpose loans. Further, it offers mutual funds, annuities, and other investment products. Additionally, the company sells fixed income securities; and provides hedging, loan brokerage, correspondent bank deposits, safe-keeping, bond accounting, asset/liability consulting, international wires, clearing and corporate checking account, and other correspondent banking related services. As of December 31, 2017, it operated 78 bank office network located in 28 counties of Florida; and 1 loan production office in Florida, and 1 loan production office in Macon, Georgia. The company was formerly known as CenterState Banks, Inc. and changed its name to CenterState Bank Corporation in September 2017. CenterState Bank Corporation was founded in 1989 and is headquartered in Winter Haven, Florida.
Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:CSFL
CUSIP15201P10
Phone863-293-4710
Debt
Debt-to-Equity Ratio0.21
Current Ratio0.86
Quick Ratio0.86
Price-To-Earnings
Trailing P/E Ratio23.07
Forward P/E Ratio16.31
P/E GrowthN/A
Sales & Book Value
Annual Sales$316.50 million
Price / Sales8.34
Cash Flow$0.6376 per share
Price / Cash49.37
Book Value$18.10 per share
Price / Book1.74
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$55.79 million
Net Margins19.81%
Return on Equity8.36%
Return on Assets1.14%
Miscellaneous
Employees1,200
Outstanding Shares83,860,000
Centerstate Bank (NASDAQ:CSFL) Frequently Asked Questions
What is Centerstate Bank's stock symbol?
Centerstate Bank trades on the NASDAQ under the ticker symbol "CSFL."
How often does Centerstate Bank pay dividends? What is the dividend yield for Centerstate Bank?
Centerstate Bank declared a quarterly dividend on Thursday, May 3rd. Stockholders of record on Friday, June 15th will be paid a dividend of $0.10 per share on Friday, June 29th. This represents a $0.40 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, June 14th. View Centerstate Bank's Dividend History.
How will Centerstate Bank's stock buyback program work?
Centerstate Bank declared that its board has initiated a share buyback plan on Friday, September 8th 2017, which permits the company to buyback 3,000,000 shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.
How were Centerstate Bank's earnings last quarter?
Centerstate Bank Corp (NASDAQ:CSFL) posted its quarterly earnings results on Tuesday, April, 24th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.10. The financial services provider earned $118.06 million during the quarter, compared to analyst estimates of $113.07 million. Centerstate Bank had a net margin of 19.81% and a return on equity of 8.36%. View Centerstate Bank's Earnings History.
When is Centerstate Bank's next earnings date?
What price target have analysts set for CSFL?
6 brokerages have issued twelve-month price targets for Centerstate Bank's shares. Their predictions range from $28.00 to $33.00. On average, they expect Centerstate Bank's stock price to reach $30.8333 in the next year. View Analyst Ratings for Centerstate Bank.
Are investors shorting Centerstate Bank?
Centerstate Bank saw a increase in short interest in May. As of May 15th, there was short interest totalling 1,834,192 shares, an increase of 52.8% from the April 30th total of 1,200,703 shares. Based on an average daily trading volume, of 589,691 shares, the days-to-cover ratio is presently 3.1 days. Currently, 2.2% of the shares of the stock are sold short.
Who are some of Centerstate Bank's key competitors?
Some companies that are related to Centerstate Bank include Cullen/Frost Bankers (CFR), Akbank (AKBTY), CIT Group (CIT), BOK Financial (BOKF), PacWest Bancorp (PACW), Synovus Financial (SNV), First Horizon National (FHN), Webster Bank (WBS), Sterling Bancorp (STL), Pinnacle Financial Partners (PNFP), FNB (FNB), TCF Financial (TCF), Valley National Bank (VLY), MB Financial (MBFI) and UMB Financial (UMBF).
Who are Centerstate Bank's key executives?
Centerstate Bank's management team includes the folowing people:
- Mr. Ernest S. Pinner, Exec. Chairman (Age 71)
- Mr. John C. Corbett, Pres, CEO & Director (Age 49)
- Ms. Jennifer L. Idell, Exec. VP & CFO (Age 43)
- Mr. Stephen Dean Young, Exec. VP & COO (Age 41)
- Mr. Daniel E. Bockhorst, Exec. VP & Chief Credit Officer (Age 54)
Has Centerstate Bank been receiving favorable news coverage?
Media headlines about CSFL stock have been trending positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Centerstate Bank earned a news impact score of 0.29 on Accern's scale. They also gave press coverage about the financial services provider an impact score of 47.04 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Centerstate Bank's major shareholders?
Centerstate Bank's stock is owned by a number of of retail and institutional investors. Top institutional investors include BLACKROCK INC. (4.70%), BlackRock Inc. (4.71%), Lord Abbett & CO. LLC (3.24%), Dimensional Fund Advisors LP (2.71%), Schroder Investment Management Group (2.26%) and Millennium Management LLC (1.84%). Company insiders that own Centerstate Bank stock include Charles W Mcpherson, David G Salyers, Ernest S Pinner, James H Bingham, Jennifer Idell, John C Corbett, John E Tranter, Michael F Ciferri and Thomas E Oakley. View Institutional Ownership Trends for Centerstate Bank.
Which major investors are selling Centerstate Bank stock?
CSFL stock was sold by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, Loomis Sayles & Co. L P, Heartland Advisors Inc., BNP Paribas Arbitrage SA, Rothschild Asset Management Inc., Tokio Marine Asset Management Co. Ltd., Boston Partners and ETRADE Capital Management LLC. Company insiders that have sold Centerstate Bank company stock in the last year include Ernest S Pinner, Jennifer Idell and Thomas E Oakley. View Insider Buying and Selling for Centerstate Bank.
Which major investors are buying Centerstate Bank stock?
CSFL stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Schroder Investment Management Group, Millennium Management LLC, Mendon Capital Advisors Corp, JPMorgan Chase & Co., Hsbc Holdings PLC, RMB Capital Management LLC and Principal Financial Group Inc.. Company insiders that have bought Centerstate Bank stock in the last two years include Charles W Mcpherson, David G Salyers and Michael F Ciferri. View Insider Buying and Selling for Centerstate Bank.
How do I buy shares of Centerstate Bank?
Shares of CSFL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Centerstate Bank's stock price today?
One share of CSFL stock can currently be purchased for approximately $31.48.
How big of a company is Centerstate Bank?
Centerstate Bank has a market capitalization of $2.69 billion and generates $316.50 million in revenue each year. Centerstate Bank employs 1,200 workers across the globe.
How can I contact Centerstate Bank?
Centerstate Bank's mailing address is 1101 FIRST STREET SOUTH SUITE 202, WINTER HAVEN FL, 33880. The financial services provider can be reached via phone at 863-293-4710 or via email at [email protected]
MarketBeat Community Rating for Centerstate Bank (CSFL)
MarketBeat's community ratings are surveys of what our community members think about Centerstate Bank and other stocks. Vote "Outperform" if you believe CSFL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CSFL will underperform the S&P 500 over the long term. You may vote once every thirty days.
Centerstate Bank (NASDAQ:CSFL) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Centerstate Bank in the last 12 months. Their average twelve-month price target is $30.8333, suggesting that the stock has a possible downside of 2.05%. The high price target for CSFL is $33.00 and the low price target for CSFL is $28.00. There are currently 6 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 3.00 | 2.75 | 2.67 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $30.8333 | $30.00 | $29.3333 | $28.50 |
| Price Target Upside: | 2.05% downside | 11.57% upside | 8.72% upside | 5.48% upside |
Centerstate Bank (NASDAQ:CSFL) Consensus Price Target History
Centerstate Bank (NASDAQ:CSFL) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
Centerstate Bank (NASDAQ:CSFL) Dividend Information
Centerstate Bank pays an annual dividend of $0.40 per share, with a dividend yield of 1.27%. CSFL's next quarterly dividend payment will be made on Friday, June 29.
| Next Dividend: | 6/29/2018 |
| Annual Dividend: | $0.40 |
| Dividend Yield: | 1.27% |
| Payout Ratio(s): | 20.73% (Based on This Year's Estimates)
18.10% (Based on Next Year's Estimates)
62.73% (Based on Cash Flow)
|
Centerstate Bank (NASDAQ:CSFL) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/3/2018 | quarterly | $0.10 | 1.34% | 6/14/2018 | 6/15/2018 | 6/29/2018 |
| 1/30/2018 | quarterly | $0.10 | 1.55% | 3/14/2018 | 3/15/2018 | 3/30/2018 |
| 10/25/2017 | Quarterly | $0.06 | 0.87% | 12/14/2017 | 12/15/2017 | 12/29/2017 |
| 6/7/2017 | Quarterly | $0.06 | 0.96% | 6/13/2017 | 6/15/2017 | 6/30/2017 |
| 2/23/2017 | quarterly | $0.06 | 0.95% | 3/13/2017 | 3/15/2017 | 3/31/2017 |
| 11/29/2016 | Quarterly | $0.04 | 0.71% | 12/13/2016 | 12/15/2016 | 12/30/2016 |
| 8/24/2016 | quarterly | $0.04 | 0.91% | 9/13/2016 | 9/15/2016 | 9/30/2016 |
| 5/9/2016 | quarterly | $0.04 | 1.02% | 6/13/2016 | 6/15/2016 | 6/30/2016 |
| 2/24/2016 | quarterly | $0.04 | 1.15% | 3/11/2016 | 3/15/2016 | 3/31/2016 |
| 12/2/2015 | quarterly | $0.02 | 0.5% | 12/11/2015 | 12/15/2015 | 12/31/2015 |
| 8/26/2015 | quarterly | $0.02 | 0.58% | 9/11/2015 | 9/15/2015 | 9/30/2015 |
| 2/26/2015 | quarterly | $0.01 | 0.34% | 3/11/2015 | 3/13/2015 | 3/31/2015 |
| 11/26/2014 | quarterly | $0.01 | 0.35% | 12/11/2014 | 12/15/2014 | 12/31/2014 |
| 8/28/2014 | quarterly | $0.01 | 0.39% | 9/11/2014 | 9/15/2014 | 9/30/2014 |
| 5/2/2014 | quarterly | $0.01 | 0.37% | 6/11/2014 | 6/13/2014 | 6/30/2014 |
| 3/5/2014 | quarterly | $0.01 | 0.37% | 3/12/2014 | 3/14/2014 | 3/31/2014 |
| 12/4/2013 | quarterly | $0.01 | 0.39% | 12/11/2013 | 12/13/2013 | 12/31/2013 |
| 8/28/2013 | quarterly | $0.01 | 0.43% | 9/11/2013 | 9/13/2013 | 9/30/2013 |
| 5/2/2013 | quarterly | $0.01 | 0.5% | 6/12/2013 | 6/14/2013 | 6/28/2013 |
| 2/27/2013 | quarterly | $0.01 | 0.46% | 3/13/2013 | 3/15/2013 | 3/29/2013 |
| 12/12/2012 | quarterly | $0.01 | 0.5% | 12/12/2012 | 12/14/2012 | 12/31/2012 |
(Data available from 1/1/2013 forward)
Centerstate Bank (NASDAQ CSFL) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.35%
Institutional Ownership Percentage: 76.34%
Centerstate Bank (NASDAQ CSFL) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/22/2018 | Ernest S Pinner | Insider | Sell | 38,307 | $31.90 | $1,221,993.30 | 114,117 |  |
| 2/1/2018 | Thomas E Oakley | Director | Sell | 20,000 | $26.80 | $536,000.00 | 221,358 | |
| 11/30/2017 | Ernest S Pinner | Insider | Sell | 20,186 | $27.31 | $551,279.66 | 131,766 | |
| 10/31/2017 | Jennifer Idell | CFO | Sell | 2,351 | $27.00 | $63,477.00 | 9,053 | |
| 9/12/2017 | Michael F Ciferri | Director | Buy | 4,500 | $22.66 | $101,970.00 | 307,237 | |
| 9/7/2017 | David G Salyers | Director | Buy | 2,000 | $22.49 | $44,980.00 | 3,000 | |
| 9/5/2017 | David G Salyers | Director | Buy | 1,000 | $23.99 | $23,990.00 | 1,000 | |
| 8/15/2017 | Charles W Mcpherson | Director | Buy | 3,600 | $24.75 | $89,100.00 | 27,144 | |
| 5/1/2017 | Charles W Mcpherson | Director | Buy | 4,000 | $25.41 | $101,640.00 | 23,544 | |
| 3/20/2017 | John E Tranter | Insider | Sell | 10,000 | $26.39 | $263,900.00 | 119,283 | |
| 3/17/2017 | John E Tranter | Insider | Sell | 26,877 | $26.04 | $699,877.08 | 143,160 | |
| 3/13/2017 | John C Corbett | Insider | Sell | 40,000 | $25.56 | $1,022,400.00 | 36,507 | |
| 12/9/2016 | John E Tranter | Insider | Sell | 20,000 | $25.26 | $505,200.00 | 49,841 | |
| 12/8/2016 | James H Bingham | Director | Sell | 6,876 | $25.33 | $174,169.08 | 120,779 | |
| 12/5/2016 | John C Corbett | Insider | Sell | 10,020 | $24.16 | $242,083.20 | 69,985 | |
| 12/2/2016 | John E Tranter | Insider | Sell | 12,500 | $23.69 | $296,125.00 | 67,341 | |
| 8/27/2014 | Daniel E Bockhorst | Insider | Buy | 1,800 | $10.35 | $18,630.00 | | |
| 8/5/2014 | Ernest S Pinner | CEO | Buy | 1,000 | $10.11 | $10,110.00 | | |
| 8/4/2014 | John C Corbett | Insider | Buy | 1,000 | $10.27 | $10,270.00 | | |
| 3/5/2014 | William Pou, Jr. | Director | Buy | 2,200 | $10.91 | $24,002.00 | 73,658 | |
| 2/26/2014 | Charles Mcpherson | Director | Buy | 3,300 | $10.98 | $36,234.00 | | |
| 2/5/2013 | Joshua A Snively | Director | Buy | 8,500 | $8.77 | $74,545.00 | | |
(Data available from 1/1/2013 forward)
Centerstate Bank (NASDAQ CSFL) News Headlines
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Centerstate Bank (NASDAQ:CSFL) SEC Filings
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Centerstate Bank (NASDAQ:CSFL) Income Statement, Balance Sheet and Cash Flow Statement
Centerstate Bank (NASDAQ CSFL) Stock Chart for Thursday, May, 24, 2018
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