CenterState Banks Inc. (CSFL) Reaches New 52-Week High at $18.22
Shares of CenterState Banks Inc. (NASDAQ:CSFL) hit a new 52-week high during trading on Monday . The company traded as high as $18.22 and last traded at $18.14, with a volume of 89,800 shares trading hands. The stock had previously closed at $18.06.
A number of brokerages have commented on CSFL. Zacks Investment Research upgraded shares of CenterState Banks from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research note on Thursday, July 28th. Keefe, Bruyette & Woods boosted their price target 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. Finally, Stephens began coverage on shares of CenterState Banks in a research note on Wednesday, May 25th. They set an “equal weight” rating and a $17.50 price target for the company. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. CenterState Banks presently has an average rating of “Buy” and an average price target of $17.88.
The stock has a market cap of $870.81 million and a PE ratio of 27.24. The stock has a 50-day moving average price of $17.04 and a 200-day moving average price of $15.76.
CenterState Banks (NASDAQ:CSFL) last released its earnings results on Tuesday, July 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. On average, analysts anticipate that CenterState Banks Inc. will post $1.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.88%. The ex-dividend date 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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