CenterState Banks, Inc. (CSFL) Position Increased by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP raised its stake in shares of CenterState Banks, Inc. (NASDAQ:CSFL) by 1.0% during the first quarter, Holdings Channel reports. The institutional investor owned 1,998,123 shares of the financial services provider’s stock after buying an additional 20,331 shares during the period. Dimensional Fund Advisors LP owned 3.91% of CenterState Banks worth $51,752,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the stock. Ameritas Investment Partners Inc. acquired a new stake in shares of CenterState Banks during the first quarter valued at approximately $104,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of CenterState Banks during the fourth quarter valued at approximately $209,000. Legal & General Group Plc increased its stake in shares of CenterState Banks by 1.6% in the first quarter. Legal & General Group Plc now owns 11,971 shares of the financial services provider’s stock valued at $309,000 after buying an additional 192 shares in the last quarter. Donald L. Hagan LLC acquired a new stake in shares of CenterState Banks during the first quarter valued at approximately $372,000. Finally, Teza Capital Management LLC increased its stake in shares of CenterState Banks by 17.8% in the first quarter. Teza Capital Management LLC now owns 14,444 shares of the financial services provider’s stock valued at $374,000 after buying an additional 2,187 shares in the last quarter. Institutional investors and hedge funds own 72.24% of the company’s stock.
Shares of CenterState Banks, Inc. (NASDAQ CSFL) opened at 24.98 on Friday. The stock has a market capitalization of $1.38 billion, a P/E ratio of 19.45 and a beta of 0.61. The firm’s 50-day moving average price is $24.65 and its 200 day moving average price is $25.00. CenterState Banks, Inc. has a 52 week low of $15.57 and a 52 week high of $26.94.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Tuesday, June 13th. CenterState Banks’s payout ratio is presently 18.60%.
Several analysts have commented on the company. Zacks Investment Research downgraded CenterState Banks from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. BidaskClub downgraded CenterState Banks from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th.
In other CenterState Banks news, Director Charles W. Mcpherson purchased 4,000 shares of CenterState Banks stock in a transaction dated Monday, May 1st. The shares were acquired at an average cost of $25.41 per share, with a total value of $101,640.00. Following the completion of the transaction, the director now owns 23,544 shares in the company, valued at approximately $598,253.04. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.65% of the company’s stock.
CenterState Banks Company Profile
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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