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
Stock Exchange NASDAQ
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:CSFL
Previous Symbol
CUSIP15201P10
Phone863-293-4710
Debt
Debt-to-Equity Ratio0.22
Current Ratio0.90
Quick Ratio0.89
Price-To-Earnings
Trailing P/E Ratio15.83
Forward P/E Ratio10.35
P/E GrowthN/A
Sales & Book Value
Annual Sales$316.50 million
Price / Sales6.45
Cash Flow$0.6298 per share
Price / Cash Flow33.87
Book Value$15.04 per share
Price / Book1.42
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$55.79 million
Net Margins22.11%
Return on Equity9.02%
Return on Assets1.32%
Miscellaneous
Employees1,200
Outstanding Shares95,650,000
Market Cap$2.10 billion
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 announced a quarterly dividend on Tuesday, October 23rd. Shareholders of record on Friday, December 14th will be paid a dividend of $0.10 per share on Monday, December 31st. This represents a $0.40 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, December 13th. 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 stock repurchase plan on Friday, September 8th 2017, which allows the company to buyback 3,000,000 shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.
How were Centerstate Bank's earnings last quarter?
Centerstate Bank Corp (NASDAQ:CSFL) issued its earnings results on Tuesday, October, 30th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The financial services provider earned $128.96 million during the quarter, compared to analyst estimates of $125.03 million. Centerstate Bank had a net margin of 22.11% and a return on equity of 9.02%. View Centerstate Bank's Earnings History.
When is Centerstate Bank's next earnings date?
What price target have analysts set for CSFL?
6 brokers have issued 1 year target prices for Centerstate Bank's stock. Their predictions range from $29.00 to $32.00. On average, they expect Centerstate Bank's share price to reach $30.80 in the next twelve months. This suggests a possible upside of 44.4% from the stock's current price. View Analyst Price Targets for Centerstate Bank.
What is the consensus analysts' recommendation for Centerstate Bank?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centerstate Bank in the last year. There are currently 1 hold rating and 5 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?
News articles about CSFL stock have been trending negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Centerstate Bank earned a news sentiment score of -2.0 on InfoTrie's scale. They also assigned news articles 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 company's share price in the next few days.
Who are some of Centerstate Bank's key competitors?
Some companies that are related to Centerstate Bank include Zions Bancorp (ZION), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), Webster Financial (WBS), Akbank T.A.S. (AKBTY), First Horizon National (FHN), CIT Group (CIT), PacWest Bancorp (PACW), Sterling Bancorp (STL), Synovus Financial (SNV), Pinnacle Financial Partners (PNFP), TCF Financial (TCF), F.N.B. (FNB), 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)
Who are Centerstate Bank's major shareholders?
Centerstate Bank's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc (7.94%), Vanguard Group Inc. (7.94%), BlackRock Inc. (6.11%), Capital World Investors (4.94%), Dimensional Fund Advisors LP (2.62%) and Schroder Investment Management Group (2.48%). Company insiders that own Centerstate Bank stock include Charles W Mcpherson, David G Salyers, Ernest S Pinner, James H Bingham, Jennifer Idell, Jody Jean Dreyer, John C Corbett, John E Tranter, Michael F Ciferri, Thomas E Oakley and William K Pou Jr. 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 Capital World Investors, Teachers Advisors LLC, Panagora Asset Management Inc., Bank of New York Mellon Corp, AQR Capital Management LLC, Monarch Partners Asset Management LLC, TIAA CREF Investment Management LLC and Citadel Advisors LLC. Company insiders that have sold Centerstate Bank company stock in the last year include Ernest S Pinner, James H Bingham and Thomas E Oakley. View Insider Buying and Selling for Centerstate Bank.
Which major investors are buying Centerstate Bank stock?
CSFL stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc, Vanguard Group Inc., Capital International Investors, Standard Life Aberdeen plc, Macquarie Group Ltd., BlackRock Inc., Allianz Asset Management GmbH and Renaissance Technologies LLC. Company insiders that have bought Centerstate Bank stock in the last two years include Charles W Mcpherson, David G Salyers, Jody Jean Dreyer, 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 $21.33.
How big of a company is Centerstate Bank?
Centerstate Bank has a market capitalization of $2.10 billion and generates $316.50 million in revenue each year. Centerstate Bank employs 1,200 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.
