Centerstate Bank (CSFL) Set to Announce Earnings on Tuesday

Centerstate Bank (NASDAQ:CSFL) is scheduled to post its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect Centerstate Bank to post earnings of $0.51 per share for the quarter.

Centerstate Bank (NASDAQ:CSFL) last posted its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Centerstate Bank had a net margin of 27.64% and a return on equity of 10.45%. On average, analysts expect Centerstate Bank to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NASDAQ CSFL opened at $24.43 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20. Centerstate Bank has a 1-year low of $19.55 and a 1-year high of $32.27.



The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.11 per share. This is a positive change from Centerstate Bank’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.80%.

Several analysts have recently weighed in on the stock. BidaskClub lowered shares of Centerstate Bank from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Raymond James raised shares of Centerstate Bank from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a report on Monday, January 7th. Stephens reaffirmed a “buy” rating and set a $30.00 price objective on shares of Centerstate Bank in a report on Friday, March 29th. Zacks Investment Research raised shares of Centerstate Bank from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Friday, April 5th. Finally, ValuEngine raised shares of Centerstate Bank from a “sell” rating to a “hold” rating in a report on Friday, February 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Centerstate Bank presently has a consensus rating of “Hold” and an average target price of $28.40.

In related news, Director George Tierso Nunez II sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $26.16, for a total value of $392,400.00. Following the completion of the sale, the director now owns 13,977 shares of the company’s stock, valued at $365,638.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Stephen Dean Young sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $25.49, for a total transaction of $637,250.00. Following the completion of the sale, the chief operating officer now directly owns 79,026 shares of the company’s stock, valued at approximately $2,014,372.74. The disclosure for this sale can be found here. Company insiders own 1.75% of the company’s stock.

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About Centerstate Bank

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. The company accepts various deposit products, such as savings, demand, negotiable order of withdrawal, and money market deposit accounts, as well as certificates of deposit and time deposits.

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Earnings History for Centerstate Bank (NASDAQ:CSFL)

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