BB&T Securities LLC raised its stake in Centerstate Bank Corp (NASDAQ:CSFL) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,628 shares of the financial services provider’s stock after acquiring an additional 2,067 shares during the period. BB&T Securities LLC owned 0.07% of Centerstate Bank worth $2,120,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CSFL. Price T Rowe Associates Inc. MD boosted its stake in Centerstate Bank by 141.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 6,588,431 shares of the financial services provider’s stock valued at $151,732,000 after acquiring an additional 3,865,093 shares during the period. BlackRock Inc. boosted its position in shares of Centerstate Bank by 37.2% during the second quarter. BlackRock Inc. now owns 9,075,138 shares of the financial services provider’s stock worth $209,001,000 after buying an additional 2,458,709 shares during the period. Vanguard Group Inc. boosted its position in shares of Centerstate Bank by 21.4% during the second quarter. Vanguard Group Inc. now owns 10,961,558 shares of the financial services provider’s stock worth $252,445,000 after buying an additional 1,930,103 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of Centerstate Bank during the second quarter worth approximately $13,575,000. Finally, Banc Funds Co. LLC boosted its position in shares of Centerstate Bank by 153.6% during the second quarter. Banc Funds Co. LLC now owns 884,562 shares of the financial services provider’s stock worth $20,371,000 after buying an additional 535,695 shares during the period. Institutional investors own 73.93% of the company’s stock.

In related news, Director James H. Bingham sold 3,900 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $26.55, for a total transaction of $103,545.00. Following the sale, the director now owns 120,467 shares of the company’s stock, valued at $3,198,398.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas E. Oakley bought 3,575 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of $23.03 per share, for a total transaction of $82,332.25. Following the acquisition, the director now owns 206,631 shares of the company’s stock, valued at $4,758,711.93. The disclosure for this purchase can be found here. 1.75% of the stock is owned by insiders.

Several equities analysts have recently issued reports on CSFL shares. DA Davidson started coverage on Centerstate Bank in a research report on Wednesday, October 9th. They set a “neutral” rating and a $25.00 price objective for the company. Raymond James boosted their price objective on Centerstate Bank from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Zacks Investment Research downgraded Centerstate Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 31st. ValuEngine upgraded Centerstate Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub upgraded Centerstate Bank from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $27.83.

Shares of NASDAQ CSFL opened at $26.17 on Thursday. Centerstate Bank Corp has a 12-month low of $19.55 and a 12-month high of $26.83. The stock has a 50 day simple moving average of $24.38 and a 200-day simple moving average of $23.51. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.22.

Centerstate Bank (NASDAQ:CSFL) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. Centerstate Bank had a return on equity of 9.63% and a net margin of 26.20%. The firm had revenue of $203.44 million for the quarter, compared to analysts’ expectations of $195.30 million. As a group, equities analysts forecast that Centerstate Bank Corp will post 2.06 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.44 annualized dividend and a yield of 1.68%.

Centerstate Bank Profile

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.

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Institutional Ownership by Quarter for Centerstate Bank (NASDAQ:CSFL)

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