BidaskClub downgraded shares of Centerstate Bank (NASDAQ:CSFL) from a sell rating to a strong sell rating in a research report report published on Wednesday morning.

Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Centerstate Bank from a sell rating to a buy rating and set a $30.00 target price on the stock in a research note on Tuesday, December 26th. Stephens downgraded Centerstate Bank from an overweight rating to an equal weight rating and set a $28.00 target price on the stock. in a research note on Tuesday, October 24th. Brean Capital restated a hold rating on shares of Centerstate Bank in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods restated a hold rating and issued a $29.00 target price on shares of Centerstate Bank in a research note on Thursday, October 26th. Finally, ValuEngine downgraded Centerstate Bank from a buy rating to a hold rating in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $29.00.

Shares of Centerstate Bank (NASDAQ CSFL) traded up $0.06 on Wednesday, hitting $25.57. The stock had a trading volume of 334,459 shares, compared to its average volume of 317,041. Centerstate Bank has a 1 year low of $21.77 and a 1 year high of $27.95. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1,540.00, a P/E ratio of 20.29 and a beta of 0.55.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.94%. Centerstate Bank’s dividend payout ratio is currently 19.05%.

In other Centerstate Bank news, CFO Jennifer Idell sold 2,351 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $27.00, for a total transaction of $63,477.00. Following the transaction, the chief financial officer now owns 9,053 shares in the company, valued at $244,431. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ernest S. Pinner sold 20,186 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $27.31, for a total value of $551,279.66. Following the transaction, the insider now owns 131,766 shares in the company, valued at approximately $3,598,529.46. The disclosure for this sale can be found here. Corporate insiders own 3.65% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Centerstate Bank by 7.6% during the second quarter. Vanguard Group Inc. now owns 2,231,489 shares of the financial services provider’s stock worth $55,474,000 after purchasing an additional 157,189 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Centerstate Bank by 55.6% during the second quarter. Goldman Sachs Group Inc. now owns 2,202,806 shares of the financial services provider’s stock worth $54,762,000 after purchasing an additional 787,562 shares in the last quarter. Channing Capital Management LLC boosted its position in Centerstate Bank by 15.5% during the third quarter. Channing Capital Management LLC now owns 2,195,409 shares of the financial services provider’s stock worth $58,837,000 after purchasing an additional 294,744 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Centerstate Bank by 8.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,068,380 shares of the financial services provider’s stock worth $55,432,000 after purchasing an additional 168,988 shares in the last quarter. Finally, State Street Corp boosted its position in Centerstate Bank by 11.6% during the second quarter. State Street Corp now owns 1,580,211 shares of the financial services provider’s stock worth $39,285,000 after purchasing an additional 164,673 shares in the last quarter. Institutional investors own 75.79% of the company’s stock.

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Centerstate Bank Company Profile

CenterState Bank Corporation, formerly CenterState Banks, Inc, is a financial holding company, which owns CenterState Bank of Florida, N.A. (CenterState Bank or the Bank). The Company provides a range of consumer and commercial banking services to individuals, businesses and industries. The Company’s segments include commercial and retail banking, correspondent banking and capital markets division, and corporate overhead and administration.

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