$0.31 EPS Expected for CenterState Banks, Inc. (CSFL) This Quarter

Analysts expect CenterState Banks, Inc. (NASDAQ:CSFL) to announce earnings of $0.31 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for CenterState Banks’ earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.31. CenterState Banks posted earnings of $0.32 per share during the same quarter last year, which would suggest a negative year over year growth rate of 3.1%. The business is expected to issue its next quarterly earnings results on Tuesday, July 25th.

On average, analysts expect that CenterState Banks will report full-year earnings of $1.36 per share for the current year, with EPS estimates ranging from $1.35 to $1.37. For the next fiscal year, analysts expect that the firm will report earnings of $1.61 per share, with EPS estimates ranging from $1.60 to $1.62. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for CenterState Banks.

Several research firms have issued reports on CSFL. BidaskClub raised shares of CenterState Banks from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Zacks Investment Research cut shares of CenterState Banks from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd.

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CenterState Banks (NASDAQ:CSFL) opened at 25.23 on Wednesday. CenterState Banks has a 52 week low of $16.05 and a 52 week high of $26.94. The stock has a market capitalization of $1.40 billion, a P/E ratio of 19.65 and a beta of 0.61. The firm’s 50-day moving average is $24.82 and its 200-day moving average is $24.98.

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.95%. CenterState Banks’s dividend payout ratio is currently 18.60%.

In related news, Director Charles W. Mcpherson acquired 4,000 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were acquired at an average cost of $25.41 per share, for a total transaction of $101,640.00. Following the acquisition, the director now directly owns 23,544 shares in the company, valued at approximately $598,253.04. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.65% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Donald L. Hagan LLC bought a new position in shares of CenterState Banks during the first quarter valued at $372,000. Boston Partners raised its position in shares of 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. State Street Corp raised its position in shares of CenterState Banks by 19.2% in the fourth quarter. State Street Corp now owns 1,171,969 shares of the financial services provider’s stock valued at $29,501,000 after buying an additional 188,467 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of 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, Teachers Advisors LLC raised its position in shares of CenterState Banks by 32.4% in the fourth quarter. Teachers Advisors LLC now owns 151,169 shares of the financial services provider’s stock valued at $3,805,000 after buying an additional 36,967 shares during the last quarter. Institutional investors and hedge funds own 72.31% of the company’s stock.

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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Earnings History and Estimates for CenterState Banks (NASDAQ:CSFL)

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