CenterState Banks Insider Purchases $18,630 in Stock (CSFL)
CenterState Banks (NASDAQ:CSFL) Insider Daniel E. Bockhorst acquired 1,800 shares of CenterState Banks stock on the open market in a transaction dated Wednesday, August 27th. The stock was purchased at an average price of $10.35 per share, for a total transaction of $18,630.00. Following the acquisition, the insider now directly owns 22,734 shares in the company, valued at approximately $235,297. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of CenterState Banks (NASDAQ:CSFL) traded up 1.35% on Friday, hitting $10.48. 58,157 shares of the company’s stock traded hands. CenterState Banks has a 1-year low of $8.87 and a 1-year high of $11.65. The stock’s 50-day moving average is $10.62 and its 200-day moving average is $10.81. The company has a market cap of $472.0 million and a price-to-earnings ratio of 49.24.
CenterState Banks (NASDAQ:CSFL) last announced its earnings results on Monday, August 18th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.14 by $0.03. Analysts expect that CenterState Banks will post $0.35 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Thursday, September 11th.
A number of analysts have recently weighed in on CSFL shares. Analysts at Raymond James cut their price target on shares of CenterState Banks from $13.00 to $12.00 in a research note on Monday, July 28th. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of CenterState Banks from $13.00 to $12.50 in a research note on Monday, July 28th. Finally, analysts at Sterne Agee initiated coverage on shares of CenterState Banks in a research note on Tuesday, June 10th. They set a “buy” rating and a $13.50 price target on the stock.
CenterState Banks, Inc (NASDAQ:CSFL) is a bank holding company, which owns the CenterState Bank of Florida, N.
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