Sentiment for Centerstate Banks Inc (NASDAQ:CSFL)
Centerstate Banks Inc (NASDAQ:CSFL) institutional sentiment increased to 1.94 in Q2 2019. Its up 0.55, from 1.39 in 2019Q1. The ratio increased, as 130 active investment managers increased or started new equity positions, while 67 sold and decreased positions in Centerstate Banks Inc. The active investment managers in our partner’s database now hold: 90.98 million shares, up from 76.23 million shares in 2019Q1. Also, the number of active investment managers holding Centerstate Banks Inc in their top 10 equity positions was flat from 4 to 4 for the same number . Sold All: 20 Reduced: 47 Increased: 94 New Position: 36.
CenterState Bank Corporation operates as the holding firm for CenterState Bank of Florida, N.A. that provides various consumer and commercial banking services to individuals, businesses, and industries in Florida. The company has market cap of $3.12 billion. The companyÂ’s deposit products include savings, demand, negotiable order of withdrawal, and money market deposit accounts, as well as certificates of deposit and time deposits. It has a 13.79 P/E ratio. It also offers real estate loans to individuals and businesses for the purchase, improvement of, or investment in real estate; construction of single-family residential and commercial units; and development of single-family residential building lots.
The stock increased 0.89% or $0.22 during the last trading session, reaching $24.94. About 366,221 shares traded. CenterState Bank Corporation (NASDAQ:CSFL) has declined 13.73% since December 4, 2018 and is downtrending. It has underperformed by 13.73% the S&P500.
Analysts await CenterState Bank Corporation (NASDAQ:CSFL) to report earnings on January, 28. CSFL’s profit will be $65.05 million for 11.99 P/E if the $0.52 EPS becomes a reality. After $0.53 actual EPS reported by CenterState Bank Corporation for the previous quarter, Wall Street now forecasts -1.89 % negative EPS growth.
Forest Hill Capital Llc holds 4.52% of its portfolio in CenterState Bank Corporation for 560,697 shares. Jacobs Asset Management Llc owns 918,820 shares or 3.92% of their US portfolio. Moreover, Endeavour Capital Advisors Inc has 3.06% invested in the company for 898,488 shares. The Massachusetts-based Castine Capital Management Llc has invested 2.41% in the stock. Maltese Capital Management Llc, a New York-based fund reported 1.11 million shares.
Since January 1, 0001, it had 1 buy, and 0 sales for $82,327 activity.
CenterState Bank Corporation (NASDAQ:CSFL) Ratings Coverage
Ratings analysis reveals 67% of CenterState Banks’s analysts are positive. Out of 3 Wall Street analysts rating CenterState Banks, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $2500 while the high is $2600. The stock’s average target of $25.50 is 2.25% above today’s ($24.94) share price. CSFL was included in 6 notes of analysts from June 6, 2019. The company was maintained on Tuesday, October 22 by Stephens. The stock has “Outperform” rating by Raymond James on Thursday, October 24.
More notable recent CenterState Bank Corporation (NASDAQ:CSFL) news were published by: Bizjournals.com which released: “What the acquisition of National Bank of Commerce means for Bham – Birmingham Business Journal” on December 05, 2018, also Finance.Yahoo.com with their article: “Before You Buy CenterState Bank Corporation (NASDAQ:CSFL), Consider Its Volatility – Yahoo Finance” published on August 27, 2019, Bizjournals.com published: “CenterState Bank lifts the curtain on how the CEOâ€™s pay compares to workers’ – Tampa Bay Business Journal” on March 02, 2018. More interesting news about CenterState Bank Corporation (NASDAQ:CSFL) were released by: Bizjournals.com and their article: “Two Tampa Bay banks could be the next M&A targets, report says – Tampa Bay Business Journal” published on August 02, 2017 as well as Finance.Yahoo.com‘s news article titled: “Have Insiders Been Buying CenterState Bank Corporation (NASDAQ:CSFL) Shares This Year? – Yahoo Finance” with publication date: September 28, 2019.
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