Insider Buying: Daniel E. Bockhorst Acquires 1,800 Shares of CenterState Banks Stock (CSFL)
CenterState Banks (NASDAQ:CSFL) Insider Daniel E. Bockhorst acquired 1,800 shares of CenterState Banks stock in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average cost of $10.35 per share, with a total value of $18,630.00. Following the acquisition, the insider now directly owns 22,734 shares of the company’s stock, valued at approximately $235,297. The purchase was disclosed in a filing with the SEC, which is available at this link.
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 (NASDAQ:CSFL) opened at 10.45 on Monday. CenterState Banks has a one year low of $9.01 and a one year high of $11.65. The stock has a 50-day moving average of $10.60 and a 200-day moving average of $10.81. The company has a market cap of $470.6 million and a price-to-earnings ratio of 49.24.
CenterState Banks (NASDAQ:CSFL) last posted its quarterly earnings results on Monday, August 18th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ 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. Shareholders 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 0.38%. The ex-dividend date of this dividend is Thursday, September 11th.
CenterState Banks, Inc (NASDAQ:CSFL) is a bank holding company, which owns the CenterState Bank of Florida, N.
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