Centerstate Bank Corp (NASDAQ:CSFL) – Stock analysts at SunTrust Banks increased their Q1 2019 earnings per share (EPS) estimates for Centerstate Bank in a note issued to investors on Monday, December 3rd. SunTrust Banks analyst M. Young now forecasts that the financial services provider will post earnings of $0.54 per share for the quarter, up from their prior forecast of $0.53.

Centerstate Bank (NASDAQ:CSFL) last announced its quarterly earnings results on Tuesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $128.96 million for the quarter, compared to the consensus estimate of $125.03 million. Centerstate Bank had a net margin of 22.11% and a return on equity of 9.02%.

Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Centerstate Bank from a “buy” rating to a “hold” rating in a research report on Friday, August 10th. Sandler O’Neill downgraded shares of Centerstate Bank from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a research report on Wednesday, September 12th. Brean Capital set a $33.00 price target on shares of Centerstate Bank and gave the company a “buy” rating in a research report on Friday, August 24th. BidaskClub upgraded shares of Centerstate Bank from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Finally, ValuEngine downgraded shares of Centerstate Bank from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $30.50.

Shares of NASDAQ:CSFL opened at $23.45 on Wednesday. The company has a market capitalization of $2.39 billion, a P/E ratio of 17.96 and a beta of 0.56. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 0.90. Centerstate Bank has a fifty-two week low of $22.75 and a fifty-two week high of $32.27.

Large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC bought a new position in Centerstate Bank during the third quarter worth $114,000. IFP Advisors Inc raised its stake in Centerstate Bank by 300.0% in the third quarter. IFP Advisors Inc now owns 6,320 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 4,740 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Centerstate Bank in the second quarter valued at about $208,000. BB&T Securities LLC acquired a new position in Centerstate Bank in the second quarter valued at about $213,000. Finally, Gardner Russo & Gardner LLC acquired a new position in Centerstate Bank in the second quarter valued at about $218,000. 79.17% of the stock is owned by institutional investors and hedge funds.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.71%.

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.

See Also: Leveraged Buyout (LBO)

Earnings History and Estimates for Centerstate Bank (NASDAQ:CSFL)

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