CenterState Banks Inc. (CSFL) Reaches New 12-Month High at $17.87
CenterState Banks Inc. (NASDAQ:CSFL) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $17.87 and last traded at $17.65, with a volume of 40,376 shares. The stock had previously closed at $17.70.
A number of research firms have recently issued reports on CSFL. Keefe, Bruyette & Woods raised their price target on shares of CenterState Banks from $17.00 to $18.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 27th. Zacks Investment Research upgraded shares of CenterState Banks from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Monday, June 27th. Finally, Stephens began coverage on shares of CenterState Banks in a research report on Wednesday, May 25th. They issued an “equal weight” rating and a $17.50 price target on the stock. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. CenterState Banks has a consensus rating of “Buy” and a consensus price target of $17.88.
The stock has a market cap of $845.37 million and a PE ratio of 26.44. The firm’s 50 day moving average is $16.79 and its 200 day moving average is $15.63.
CenterState Banks (NASDAQ:CSFL) last issued its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. Analysts predict that CenterState Banks Inc. will post $1.24 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.90%. 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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