NASDAQ:CSFLCenterstate Bank Stock Price, Forecast & News

$15.80

-0.32 (-1.99 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$15.01

Now: $15.80▼

$16.09

50-Day Range

$13.04

MA: $15.48▼

$18.29

52-Week Range

$12.10

Now: $15.80▼

$26.79

Volume791,779 shs

Average Volume675,381 shs

Market Capitalization$1.96 billion

P/E Ratio9.35

Dividend Yield3.54%

Beta0.9

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.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Centerstate Bank has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $25.00, Centerstate Bank has a potential upside of 58.2% from its current price of $15.80.
Amount of Analyst Coverage
Centerstate Bank has received no research coverage in the past 90 days.

2.4 Community Rank

Outperform Votes
Centerstate Bank has received 342 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Centerstate Bank has received 366 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Centerstate Bank has received 51.69% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Centerstate Bank is a leading dividend payer. It pays a dividend yield of 3.54%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Centerstate Bank has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of Centerstate Bank is 26.29 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Centerstate Bank will have a dividend payout ratio of 37.58 % next year. This indicates that Centerstate Bank will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Centerstate Bank insiders have bought more of their company's stock than they have sold. Specifically, they have bought $601,223.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.25% of the stock of Centerstate Bank is held by insiders.
Percentage Held by Institutions
74.60% of the stock of Centerstate Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Centerstate Bank are expected to grow by 4.20% in the coming year, from $1.43 to $1.49 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Centerstate Bank is 9.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.30.
Price to Earnings Ratio vs. Sector
The P/E ratio of Centerstate Bank is 9.35, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.53.
Price to Book Value per Share Ratio
Centerstate Bank has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.05 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:CSFL

Previous Symbol

CUSIP15201P10

CIK1102266

Webwww.centerstatebank.com

Phone863-293-4710

Debt

Debt-to-Equity Ratio0.04

Current Ratio0.90

Quick Ratio0.88

Price-To-Earnings

Trailing P/E Ratio9.35

Forward P/E Ratio11.05

P/E GrowthN/A

Sales & Book Value

Annual Sales$851.39 million

Price / Sales2.30

Cash Flow$1.79 per share

Price / Cash Flow8.82

Book Value$23.14 per share

Price / Book0.68

Profitability

EPS (Most Recent Fiscal Year)$2.13

Net Income$225.40 million

Net Margins23.43%

Return on Equity8.41%

Return on Assets1.38%

Miscellaneous

Employees2,756

Outstanding Shares124,130,000

Market Cap$1.96 billion

Next Earnings Date7/28/2020 (Estimated)

OptionableOptionable

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Centerstate Bank (NASDAQ:CSFL) Frequently Asked Questions

How has Centerstate Bank's stock been impacted by COVID-19 (Coronavirus)?

Centerstate Bank's stock was trading at $16.98 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CSFL stock has decreased by 6.9% and is now trading at $15.80. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Centerstate Bank?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centerstate Bank in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Centerstate Bank.

When is Centerstate Bank's next earnings date?

Centerstate Bank is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for Centerstate Bank.

How were Centerstate Bank's earnings last quarter?

Centerstate Bank Corp (NASDAQ:CSFL) released its earnings results on Thursday, April, 23rd. The financial services provider reported $0.28 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.42 by $0.14. The financial services provider earned $209.14 million during the quarter, compared to analysts' expectations of $194.73 million. Centerstate Bank had a net margin of 23.43% and a return on equity of 8.41%. View Centerstate Bank's earnings history.

How often does Centerstate Bank pay dividends? What is the dividend yield for Centerstate Bank?

Centerstate Bank announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Friday, May 8th will be paid a dividend of $0.14 per share on Friday, May 15th. This represents a $0.56 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Thursday, May 7th. View Centerstate Bank's dividend history.

What price target have analysts set for CSFL?

3 analysts have issued twelve-month target prices for Centerstate Bank's stock. Their forecasts range from $24.50 to $25.50. On average, they anticipate Centerstate Bank's stock price to reach $25.00 in the next year. This suggests a possible upside of 58.2% from the stock's current price. View analysts' price targets for Centerstate Bank.

Has Centerstate Bank been receiving favorable news coverage?

Headlines about CSFL stock have been trending negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by monitoring 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 nearest to five being the most favorable. Centerstate Bank earned a news sentiment score of -2.5 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutCenterstate Bank.

Are investors shorting Centerstate Bank?

Centerstate Bank saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,520,000 shares, a drop of 9.0% from the April 30th total of 1,670,000 shares. Based on an average trading volume of 778,900 shares, the short-interest ratio is currently 2.0 days. Approximately 1.3% of the shares of the company are short sold. 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 Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all competitors.

What other stocks do shareholders of Centerstate Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Centerstate Bank investors own include Energy Transfer LP Unit (ET), Garrison Capital (GARS), NVIDIA (NVDA), SunCoke Energy Partners (SXCP), AT&T (T), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Ford Motor (F), Martin Midstream Partners (MMLP) and NGL Energy Partners (NGL).

Who are Centerstate Bank's key executives?

Centerstate Bank's management team includes the following 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)

What is Centerstate Bank's stock symbol?

Centerstate Bank trades on the NASDAQ under the ticker symbol "CSFL."

Who are Centerstate Bank's major shareholders?

Centerstate Bank's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.47%), State Street Corp (2.74%), ARP Americas LP (2.57%), Capital International Investors (2.15%), Schroder Investment Management Group (1.75%) and Franklin Resources Inc. (1.72%). Company insiders that own Centerstate Bank stock include Beth S Desimone, Charles W Mcpherson, Daniel E Bockhorst, David G Salyers, Ernest S Pinner, George Tierso Nunez II, James H Bingham, Jody Jean Dreyer, John C Corbett, Stephen Dean Young, Thomas E Oakley, William E V Matthews 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 Emerald Advisers LLC, Banc Funds Co. LLC, Capital International Investors, Advisory Research Inc., New York State Common Retirement Fund, Rothschild & Co. Asset Management US Inc., Fenimore Asset Management Inc., and State Street Corp. View insider buying and selling activity 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 ARP Americas LP, CNH Partners LLC, IndexIQ Advisors LLC, Alpine Associates Management Inc., Balyasny Asset Management LLC, SG Americas Securities LLC, First Trust Advisors LP, and Geode Capital Management LLC. Company insiders that have bought Centerstate Bank stock in the last two years include Beth S Desimone, Charles W Mcpherson, Daniel E Bockhorst, David G Salyers, Ernest S Pinner, Jody Jean Dreyer, John C Corbett, Thomas E Oakley, William E V Matthews, and William K Pou Jr. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Centerstate Bank's stock price today?

One share of CSFL stock can currently be purchased for approximately $15.80.

How big of a company is Centerstate Bank?

Centerstate Bank has a market capitalization of $1.96 billion and generates $851.39 million in revenue each year. The financial services provider earns $225.40 million in net income (profit) each year or $2.13 on an earnings per share basis. Centerstate Bank employs 2,756 workers across the globe.

What is Centerstate Bank's official website?

The official website for Centerstate Bank is 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]

This page was last updated on 6/1/2020 by MarketBeat.com Staff