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

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$26.49 -0.22 (-0.82 %)
(As of 02/21/2019 04:00 PM ET)
Previous Close$26.71
Today's Range$26.34 - $26.68
52-Week Range$19.55 - $32.27
Volume286,534 shs
Average Volume587,530 shs
Market Capitalization$2.53 billion
P/E RatioN/A
Dividend Yield1.50%
Beta0.98
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.

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Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:CSFL
CUSIP15201P10
Phone863-293-4710

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$316.50 million
Cash Flow$0.6491 per share
Book Value$15.04 per share

Profitability

Net Income$55.79 million

Miscellaneous

Employees1,200
Market Cap$2.53 billion
Next Earnings Date2/26/2019 (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 announced a quarterly dividend on Friday, January 18th. Stockholders 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 dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change 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 declared 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 outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

How were Centerstate Bank's earnings last quarter?

Centerstate Bank Corp (NASDAQ:CSFL) released its quarterly earnings data on Tuesday, January, 22nd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.52 by $0.02. Centerstate Bank had a return on equity of 9.02% and a net margin of 22.11%. 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, February 26th 2019. View Earnings Estimates for Centerstate Bank.

What price target have analysts set for CSFL?

5 brokerages have issued twelve-month price objectives for Centerstate Bank's shares. Their forecasts range from $26.00 to $32.00. On average, they anticipate Centerstate Bank's share price to reach $29.40 in the next year. This suggests a possible upside of 11.0% from the stock's current price. View Analyst Price Targets for Centerstate Bank.

What is the consensus analysts' recommendation for Centerstate Bank?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Centerstate Bank in the last year. There are currently 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?

Press coverage about CSFL stock has been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Centerstate Bank earned a daily sentiment score of 0.6 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.

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 many different of retail and institutional investors. Top institutional investors 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, 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 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 and James H Bingham. View Insider Buying and Selling for Centerstate Bank.

Which major investors are buying Centerstate Bank stock?

CSFL stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Macquarie Group Ltd., Standard Life Aberdeen plc, Millennium Management LLC, Victory Capital Management Inc., Assenagon Asset Management S.A., Prudential Financial Inc. and GAM Holding AG. 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 $26.49.

How big of a company is Centerstate Bank?

Centerstate Bank has a market capitalization of $2.53 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?

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:  278 (Vote Outperform)
Underperform Votes:  254 (Vote Underperform)
Total Votes:  532
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 2/21/2019 by MarketBeat.com Staff

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