CenterState Banks Inc. (CSFL) Sets New 52-Week High at $17.87
CenterState Banks Inc. (NASDAQ:CSFL) shares reached a new 52-week high during trading on Monday . The stock traded as high as $17.87 and last traded at $17.65, with a volume of 40,376 shares trading hands. The stock had previously closed at $17.70.
Several research analysts have recently commented on CSFL shares. Zacks Investment Research lowered shares of CenterState Banks from a “buy” rating to a “hold” rating in a research note on Friday, June 3rd. Stephens started coverage on shares of CenterState Banks in a research note on Wednesday, May 25th. They issued an “equal weight” rating and a $17.50 price objective for the company. Finally, Keefe, Bruyette & Woods raised their price objective on shares of CenterState Banks from $17.00 to $18.00 and gave the company a “market perform” rating in a research note on Wednesday, July 27th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $17.88.
The stock has a market capitalization of $866.01 million and a P/E ratio of 27.09. The stock has a 50-day moving average price of $16.90 and a 200 day moving average price of $15.71.
CenterState Banks (NASDAQ:CSFL) last posted its earnings results on Tuesday, July 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. Analysts forecast that CenterState Banks Inc. will post $1.24 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, September 13th.
CenterState Banks, Inc (CSFL) is a bank holding company, which owns CenterState Bank of Florida, N.A. (CSB or the Bank) and a non-bank subsidiary, R4ALL, Inc (R4ALL). The Company’s basic services include demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, time deposits, safe deposit services, cash management, direct deposits, notary services, money orders, night depository, travelers’ checks, cashier’s checks, domestic collections, savings bonds, bank drafts, automated teller services, drive-in tellers, and banking by mail and by Internet.
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