CenterState Banks, Inc. (NASDAQ:CSFL).
July 27 investment analysts at Keefe Bruyette & Woods maintained a company rating of “Market Perform” and raised the price target to $18.00 from $14.50. On May 26, 2016 Stephens & Co. released its first research report on the stock giving it an initial rating of “Equal-weight”.
On April 27, 2016 the stock rating was set at “Market Perform” in a report from Fig Partners which is down from the previous “Market Perform” rating. On February 8 the company was upgraded to “Market Perform” from “Market Perform” by analysts at Fig Partners.
On July 24 the stock rating was downgraded from “Outperform” to “Market Perform” with a current price target of $14.50 in a report from Keefe Bruyette & Woods.
The company is now up from yesterday’s close of $17.58. Additionally CenterState Banks, Inc. recently declared a dividend payable on Friday the 30th of September 2016. The dividend payment will be $0.040 per share for the quarter or $0.16 on an annualized basis. The dividend yield will be $0.90. The ex-dividend date will be Tuesday the 13th of September 2016.
Shares of the company are trading at $18.00 slightly over the 50 day moving average of $17.67 and marginally over the 200 day moving average of $16.17. The 50 day moving average moved up $0.02 and the 200 day average went up $1.52 or +9.37%.
The company’s P/E ratio is 26.56 and the market value is 849.21M. As of the latest earnings report the EPS was $0.67 and is estimated to be $1.24 for the current year with 48,005,000 shares outstanding. Next quarter’s EPS is forecasted at $0.31 and the next full year EPS is projected to be $1.29.
Investors are more bullish on the company recently if you take a look at the decrease in short interest. The firm recorded a fall in short interest of -0.03% between August 31, 2016 and September 15, 2016. Short interest fell from 827,094 to 806,319 over that period. The days to cover increased to 6.3 and the percentage of shorted shares is 0.02% as of September 15.