CenterState Banks, Inc. (NASDAQ:CSFL) – Research analysts at FIG Partners cut their Q1 2018 earnings per share (EPS) estimates for shares of CenterState Banks in a research report issued to clients and investors on Tuesday. FIG Partners analyst J. Rodis now forecasts that the financial services provider will post earnings of $0.37 per share for the quarter, down from their prior estimate of $0.38. FIG Partners also issued estimates for CenterState Banks’ Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.44 EPS and FY2018 earnings at $1.67 EPS.
Several other brokerages have also recently weighed in on CSFL. BidaskClub upgraded CenterState Banks from a “sell” rating to a “hold” rating in a research report on Sunday, August 6th. Zacks Investment Research upgraded CenterState Banks from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, June 8th. Finally, Stephens set a $29.00 target price on CenterState Banks and gave the stock a “buy” rating in a research report on Monday.
CenterState Banks (CSFL) traded up 0.04% during mid-day trading on Wednesday, hitting $24.11. The stock had a trading volume of 48,819 shares. The stock has a market capitalization of $1.45 billion, a P/E ratio of 19.93 and a beta of 0.60. The company’s 50 day moving average is $24.96 and its 200-day moving average is $24.98. CenterState Banks has a 52 week low of $17.09 and a 52 week high of $26.94.
A number of institutional investors have recently bought and sold shares of the company. Donald L. Hagan LLC acquired a new position in CenterState Banks during the first quarter valued at approximately $372,000. Boston Partners boosted its position in CenterState Banks by 1.5% in the first quarter. Boston Partners now owns 357,415 shares of the financial services provider’s stock valued at $9,257,000 after buying an additional 5,272 shares during the last quarter. Bank of America Corp DE boosted its position in CenterState Banks by 225.3% in the first quarter. Bank of America Corp DE now owns 69,611 shares of the financial services provider’s stock valued at $1,803,000 after buying an additional 48,215 shares during the last quarter. Russell Investments Group Ltd. boosted its position in CenterState Banks by 1.1% in the first quarter. Russell Investments Group Ltd. now owns 304,191 shares of the financial services provider’s stock valued at $7,878,000 after buying an additional 3,430 shares during the last quarter. Finally, BlackRock Inc. boosted its position in CenterState Banks by 20,548.4% in the first quarter. BlackRock Inc. now owns 3,504,246 shares of the financial services provider’s stock valued at $90,760,000 after buying an additional 3,487,275 shares during the last quarter. Institutional investors and hedge funds own 69.07% of the company’s stock.
In other CenterState Banks news, Director Charles W. Mcpherson bought 3,600 shares of CenterState Banks stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average cost of $24.75 per share, for a total transaction of $89,100.00. Following the completion of the transaction, the director now directly owns 27,144 shares in the company, valued at $671,814. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.65% of the stock is owned by insiders.
About CenterState Banks
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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