Brean Capital set a $33.00 price target on Centerstate Bank (NASDAQ:CSFL) in a report published on Friday. The firm currently has a buy rating on the financial services provider’s stock.

Several other equities research analysts also recently commented on CSFL. BidaskClub downgraded shares of Centerstate Bank from a buy rating to a hold rating in a report on Friday, July 13th. Zacks Investment Research downgraded shares of Centerstate Bank from a buy rating to a hold rating in a report on Friday, August 10th. Stephens raised shares of Centerstate Bank from an equal weight rating to an overweight rating in a report on Thursday, April 26th. Sandler O’Neill began coverage on shares of Centerstate Bank in a report on Wednesday, May 2nd. They set a buy rating and a $33.00 price objective on the stock. Finally, Raymond James upped their price objective on shares of Centerstate Bank from $31.00 to $32.00 and gave the company an outperform rating in a report on Thursday, April 26th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Centerstate Bank currently has a consensus rating of Buy and a consensus target price of $31.43.

NASDAQ CSFL opened at $30.59 on Friday. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 22.00 and a beta of 0.41. Centerstate Bank has a 52 week low of $25.03 and a 52 week high of $32.27. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24.

Centerstate Bank (NASDAQ:CSFL) last released its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. Centerstate Bank had a net margin of 21.38% and a return on equity of 8.96%. analysts anticipate that Centerstate Bank will post 2.04 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, September 13th.

Several institutional investors have recently made changes to their positions in the company. Legal & General Group Plc lifted its holdings in shares of Centerstate Bank by 19.0% in the second quarter. Legal & General Group Plc now owns 13,043 shares of the financial services provider’s stock worth $389,000 after buying an additional 2,079 shares in the last quarter. Brinker Capital Inc. lifted its holdings in shares of Centerstate Bank by 10.0% in the first quarter. Brinker Capital Inc. now owns 25,059 shares of the financial services provider’s stock worth $665,000 after buying an additional 2,280 shares in the last quarter. American International Group Inc. lifted its holdings in shares of Centerstate Bank by 6.4% in the first quarter. American International Group Inc. now owns 38,676 shares of the financial services provider’s stock worth $1,026,000 after buying an additional 2,337 shares in the last quarter. Virginia Retirement Systems ET AL lifted its holdings in shares of Centerstate Bank by 11.3% in the first quarter. Virginia Retirement Systems ET AL now owns 23,700 shares of the financial services provider’s stock worth $629,000 after buying an additional 2,400 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its holdings in shares of Centerstate Bank by 30.1% in the first quarter. Xact Kapitalforvaltning AB now owns 10,381 shares of the financial services provider’s stock worth $275,000 after buying an additional 2,400 shares in the last quarter. 74.18% of the stock is currently owned by hedge funds and other institutional investors.

Centerstate Bank Company 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 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.

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Analyst Recommendations for Centerstate Bank (NASDAQ:CSFL)

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