Emerald Mutual Fund Advisers Trust continued to hold its stake in CenterState Banks Inc. (NASDAQ:CSFL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 203,323 shares of the financial services provider’s stock at the end of the second quarter. Emerald Mutual Fund Advisers Trust’s holdings in CenterState Banks were worth $3,202,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Prudential Financial Inc. increased its stake in CenterState Banks by 0.4% in the first quarter. Prudential Financial Inc. now owns 25,975 shares of the financial services provider’s stock valued at $387,000 after buying an additional 100 shares in the last quarter. Menta Capital LLC increased its stake in CenterState Banks by 4.6% in the first quarter. Menta Capital LLC now owns 56,271 shares of the financial services provider’s stock valued at $838,000 after buying an additional 2,500 shares in the last quarter. Royce & Associates LP increased its stake in CenterState Banks by 0.9% in the first quarter. Royce & Associates LP now owns 484,641 shares of the financial services provider’s stock valued at $7,216,000 after buying an additional 4,500 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in CenterState Banks by 0.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,317,762 shares of the financial services provider’s stock valued at $19,621,000 after buying an additional 9,258 shares in the last quarter. Finally, Huntington Asset Advisors Inc. acquired a new stake in CenterState Banks during the first quarter valued at about $161,000. Institutional investors own 71.94% of the company’s stock.
Shares of CenterState Banks Inc. (NASDAQ:CSFL) traded down 0.06% on Friday, hitting $18.05. The stock had a trading volume of 141,501 shares. The stock has a market cap of $866.49 million, a P/E ratio of 27.10 and a beta of 0.70. CenterState Banks Inc. has a 1-year low of $12.57 and a 1-year high of $18.27. The firm’s 50-day moving average is $17.79 and its 200 day moving average is $16.32.
CenterState Banks (NASDAQ:CSFL) last released its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. CenterState Banks had a return on equity of 7.61% and a net margin of 14.11%. Equities analysts forecast that CenterState Banks Inc. will post $1.24 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Thursday, September 15th were paid a dividend of $0.04 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.16 annualized dividend and a dividend yield of 0.89%. CenterState Banks’s dividend payout ratio (DPR) is presently 23.88%.
Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on CenterState Banks from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Wednesday, July 27th. Zacks Investment Research upgraded CenterState Banks from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Monday, June 27th. Finally, Stephens upgraded CenterState Banks from an “equal weight” rating to an “overweight” rating and set a $20.00 target price for the company in a research report on Wednesday, September 28th.
About CenterState Banks
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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