NASDAQ:CSFL - Centerstate Bank Stock Price, News, & Analysis

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$25.97 -0.02 (-0.08 %)
(As of 03/18/2019 04:00 PM ET)
Previous Close$25.99
Today's Range$25.82 - $26.37
52-Week Range$19.55 - $32.27
Volume427,504 shs
Average Volume553,734 shs
Market Capitalization$2.49 billion
P/E RatioN/A
Dividend Yield1.69%
Beta1.02
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. The company accepts various deposit products, such as savings, demand, negotiable order of withdrawal, and money market deposit accounts, as well as certificates of deposit and time deposits. Its loan products include 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. The company's loan products also comprise commercial loans to small-to-medium sized businesses for working capital, equipment purchases, and various other business purposes; and consumer loans consisting of loans to individuals for various consumer purposes, as well as business purpose loans. It also offers mutual funds, annuities, and other investment products. In addition, 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, 2018, it operated 126 full service banking offices throughout Florida, Georgia, and Alabama; 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.

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Industry, Sector and Symbol

Industry Banks - Regional - US
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:CSFL
CUSIP15201P10
Phone863-293-4710

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$565.76 million
Cash Flow$1.3792 per share
Book Value$20.60 per share

Profitability

Net Income$156.43 million

Miscellaneous

Employees2,113
Market Cap$2.49 billion
Next Earnings Date3/19/2019 (Estimated)
OptionableOptionable

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 Friday, January 18th. Investors of record on Friday, March 15th will be given a dividend of $0.11 per share on Friday, March 29th. This represents a $0.44 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Centerstate Bank's previous quarterly dividend of $0.10. View Centerstate Bank's Dividend History.

How will Centerstate Bank's stock buyback program work?

Centerstate Bank announced that its Board of Directors has initiated a share repurchase program on Friday, September 8th 2017, which allows the company to repurchase 3,000,000 shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

How were Centerstate Bank's earnings last quarter?

Centerstate Bank Corp (NASDAQ:CSFL) issued its quarterly earnings results on Tuesday, January, 22nd. The financial services provider reported $0.54 EPS for the quarter, beating the Zacks' consensus estimate of $0.52 by $0.02. Centerstate Bank had a return on equity of 10.45% and a net margin of 27.64%. View Centerstate Bank's Earnings History.

When is Centerstate Bank's next earnings date?

Centerstate Bank is scheduled to release their next quarterly earnings announcement on Tuesday, March 19th 2019. View Earnings Estimates for Centerstate Bank.

What price target have analysts set for CSFL?

4 brokers have issued 12 month price targets for Centerstate Bank's stock. Their forecasts range from $26.00 to $30.00. On average, they expect Centerstate Bank's share price to reach $28.75 in the next year. This suggests a possible upside of 10.7% from the stock's current price. View Analyst Price Targets for Centerstate Bank.

What is the consensus analysts' recommendation for Centerstate Bank?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centerstate Bank in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Centerstate Bank.

Has Centerstate Bank been receiving favorable news coverage?

Media stories about CSFL stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Centerstate Bank earned a coverage optimism score of 1.1 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near term.

Are investors shorting Centerstate Bank?

Centerstate Bank saw a increase in short interest in February. As of February 15th, there was short interest totalling 3,908,114 shares, an increase of 56.6% from the January 31st total of 2,495,149 shares. Based on an average trading volume of 675,419 shares, the short-interest ratio is presently 5.8 days. Approximately 4.2% of the shares of the company are sold short. View Centerstate Bank's Current Options Chain.

Who are some of Centerstate Bank's key competitors?

What other stocks do shareholders of Centerstate Bank own?

Who are Centerstate Bank's key executives?

Centerstate Bank's management team includes the folowing people:
  • Mr. Ernest S. Pinner, Exec. Chairman (Age 72)
  • Mr. John C. Corbett, Pres, CEO & Director (Age 50)
  • Ms. Jennifer L. Idell, Exec. VP & CFO (Age 44)
  • Mr. Stephen Dean Young, Exec. VP & COO (Age 42)
  • Mr. Daniel E. Bockhorst, Exec. VP & Chief Credit Officer (Age 55)

Who are Centerstate Bank's major shareholders?

Centerstate Bank's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.89%), Dimensional Fund Advisors LP (2.65%), Macquarie Group Ltd. (2.26%), Lord Abbett & CO. LLC (2.20%), Channing Capital Management LLC (2.00%) and Standard Life Aberdeen plc (1.59%). Company insiders that own Centerstate Bank stock include Charles W Mcpherson, David G Salyers, Ernest S Pinner, George Tierso Nunez II, James H Bingham, Jennifer Idell, Jody Jean Dreyer, John C Corbett, John E Tranter, Michael F Ciferri, Stephen Dean Young, Thomas E Oakley and William K Pou Jr. View Institutional Ownership Trends for Centerstate Bank.

Which institutional investors are selling Centerstate Bank stock?

CSFL stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Channing Capital Management LLC, PNC Financial Services Group Inc., Bank of New York Mellon Corp, Northpointe Capital LLC, Principal Financial Group Inc., Barclays PLC and Emerald Mutual Fund Advisers Trust. Company insiders that have sold Centerstate Bank company stock in the last year include Ernest S Pinner, George Tierso Nunez II, James H Bingham and Stephen Dean Young. View Insider Buying and Selling for Centerstate Bank.

Which institutional investors are buying Centerstate Bank stock?

CSFL stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., Macquarie Group Ltd., Standard Life Aberdeen plc, Millennium Management LLC, Victory Capital Management Inc., Assenagon Asset Management S.A. and Prudential Financial Inc.. Company insiders that have bought Centerstate Bank stock in the last two years include Charles W Mcpherson, David G Salyers, Ernest S Pinner, Jody Jean Dreyer, John C Corbett, Michael F Ciferri and William K Pou Jr. 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 $25.97.

How big of a company is Centerstate Bank?

Centerstate Bank has a market capitalization of $2.49 billion and generates $565.76 million in revenue each year. Centerstate Bank employs 2,113 workers across the globe.

What is Centerstate Bank's official website?

The official website for Centerstate Bank is http://www.centerstatebank.com.

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 (NASDAQ CSFL)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  279 (Vote Outperform)
Underperform Votes:  255 (Vote Underperform)
Total Votes:  534
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.
This page was last updated on 3/18/2019 by MarketBeat.com Staff

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