Today, CenterState Banks Inc. (CSFL) to Post FY2018 Earnings of $1.50 Per Share, FIG Partners Forecasts

Today, CenterState Banks Inc. (CSFL) to Post FY2018 Earnings of $1.50 Per Share, FIG Partners Forecasts

CenterState Banks Inc. (NASDAQ:CSFL) – Analysts at FIG Partners issued their FY2018 earnings estimates for shares of CenterState Banks in a note issued to investors on Tuesday. FIG Partners analyst J. Rodis expects that the brokerage will earn $1.50 per share for the year.

CenterState Banks (NASDAQ:CSFL) last announced its quarterly earnings data on Tuesday, October 18th. The financial services provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. CenterState Banks had a net margin of 15.50% and a return on equity of 8.37%.

Other research analysts have also issued research reports about the company. Zacks Investment Research raised CenterState Banks from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Thursday, October 20th. 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.

Shares of CenterState Banks (NASDAQ:CSFL) traded up 0.04% during mid-day trading on Wednesday, hitting $22.33. 77,281 shares of the stock traded hands. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 29.04 and a beta of 0.68. CenterState Banks has a 52 week low of $12.56 and a 52 week high of $22.50. The firm’s 50-day moving average is $19.23 and its 200-day moving average is $17.23.

Hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in CenterState Banks by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,730,775 shares of the financial services provider’s stock worth $27,259,000 after buying an additional 96,831 shares during the last quarter. BlackRock Group LTD increased its stake in shares of CenterState Banks by 9,392.5% in the third quarter. BlackRock Group LTD now owns 1,446,657 shares of the financial services provider’s stock valued at $25,650,000 after buying an additional 1,431,417 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of CenterState Banks by 0.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,324,565 shares of the financial services provider’s stock valued at $23,485,000 after buying an additional 12,178 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of CenterState Banks by 7.8% in the third quarter. BlackRock Fund Advisors now owns 1,293,535 shares of the financial services provider’s stock valued at $22,934,000 after buying an additional 93,652 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of CenterState Banks by 4.9% in the third quarter. Wells Fargo & Company MN now owns 1,168,170 shares of the financial services provider’s stock valued at $20,711,000 after buying an additional 54,203 shares during the last quarter. Institutional investors own 74.17% of the company’s stock.

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