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.
Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Phone863-293-4710
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$565.76 million
Profitability
Miscellaneous
Employees2,113
Next Earnings Date7/23/2019 (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 Tuesday, April 30th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.11 per share on Friday, June 28th. This represents a $0.44 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Thursday, June 13th. View Centerstate Bank's Dividend History.
How will Centerstate Bank's stock buyback program work?
Centerstate Bank declared that its Board of Directors has authorized a share buyback plan on Friday, September 8th 2017, which authorizes the company to repurchase 3,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually 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) announced its quarterly earnings data on Tuesday, April, 23rd. The financial services provider reported $0.51 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.52 by $0.01. The financial services provider had revenue of $143.48 million for the quarter, compared to analysts' expectations of $142.80 million. Centerstate Bank had a net margin of 27.51% and a return on equity of 10.11%. View Centerstate Bank's Earnings History.
When is Centerstate Bank's next earnings date?
What price target have analysts set for CSFL?
4 equities research analysts have issued 1-year price objectives for Centerstate Bank's shares. Their forecasts range from $26.00 to $30.00. On average, they expect Centerstate Bank's stock price to reach $28.75 in the next year. This suggests a possible upside of 24.2% 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.
What are Wall Street analysts saying about Centerstate Bank stock?
Here are some recent quotes from research analysts about Centerstate Bank stock:
- 1. According to Zacks Investment Research, "CenterState Banks, Inc. operates as a bank holding company. Its operating divisions consist of Commercial and Retail Banking, and Correspondent Banking and Capital Market. Commercial and Retail Banking division provides traditional deposit and lending products and services to its commercial and retail customers. Correspondent Banking and Capital Market division offers correspondent bank checking and fed funds purchased products; and safekeeping, bond accounting, and asset and liability consulting services to small to medium size financial institutions primarily in Florida, Alabama and Georgia. CenterState Banks 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, traveler's checks, cashier's checks, domestic collections, savings bonds, bank drafts, automated teller services, drive-in tellers and banking by mail and by Internet. CenterStat " (5/10/2019)
- 2. Stephens analysts commented, "We maintain our Overweight rating and continue to view the stock as our Best Idea for 2019." (3/29/2019)
Has Centerstate Bank been receiving favorable news coverage?
News headlines about CSFL stock have been trending positive recently, InfoTrie reports. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Centerstate Bank earned a media sentiment score of 2.2 on InfoTrie's scale. They also gave 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 effect on the stock's share price in the next few days.
Are investors shorting Centerstate Bank?
Centerstate Bank saw a decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,923,657 shares, a decline of 47.9% from the March 29th total of 3,691,141 shares. Based on an average trading volume of 726,908 shares, the short-interest ratio is presently 2.6 days. Approximately 2.1% of the company's shares are sold short. View Centerstate Bank's Current Options Chain.
Who are some of Centerstate Bank's key competitors?
Some companies that are related to Centerstate Bank include Comerica (CMA), Zions Bancorporation NA (ZION), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), Synovus Financial (SNV), CIT Group (CIT), Webster Financial (WBS), PacWest Bancorp (PACW), First Horizon National (FHN), Sterling Bancorp (STL), Pinnacle Financial Partners (PNFP), F.N.B. (FNB), MB Financial (MBFI), Valley National Bancorp (VLY) and TCF Financial (TCF).
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)
- Mr. Stephen Dean Young, Exec. VP & COO (Age 42)
- Ms. Jennifer L. Idell, Exec. VP & Chief Admin. Officer (Age 44)
- Mr. William E. Matthews V, Chief Financial Officer (Age 54)
Who are Centerstate Bank's major shareholders?
Centerstate Bank's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.90%), Goldman Sachs Group Inc. (2.30%), Dimensional Fund Advisors LP (2.95%), Macquarie Group Ltd. (1.80%), Wellington Management Group LLP (1.78%) and Renaissance Technologies LLC (1.23%). 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, 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 Goldman Sachs Group Inc., Voya Investment Management LLC, First Trust Advisors LP, Morgan Stanley, JPMorgan Chase & Co., Dean Investment Associates LLC, Royce & Associates LP and Raymond James & Associates. 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 bought by a variety of institutional investors in the last quarter, including Emerald Advisers LLC, Geode Capital Management LLC, Pennsylvania Trust Co, Dimensional Fund Advisors LP, Emerald Mutual Fund Advisers Trust, Macquarie Group Ltd., ClariVest Asset Management LLC and Man Group plc. 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 $23.15.
How big of a company is Centerstate Bank?
Centerstate Bank has a market capitalization of $3.02 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?
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)
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.
