UBS Asset Management Americas Inc. cut its stake in CenterState Banks, Inc. (NASDAQ:CSFL) by 54.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 17,400 shares of the financial services provider’s stock after selling 21,000 shares during the period. UBS Asset Management Americas Inc.’s holdings in CenterState Banks were worth $438,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. purchased a new stake in CenterState Banks during the fourth quarter valued at about $209,000. Citadel Advisors LLC bought a new stake in CenterState Banks during the third quarter valued at $217,000. Teza Capital Management LLC bought a new stake in CenterState Banks during the fourth quarter valued at $309,000. Sawtooth Solutions LLC boosted its stake in CenterState Banks by 7.0% in the third quarter. Sawtooth Solutions LLC now owns 24,757 shares of the financial services provider’s stock valued at $439,000 after buying an additional 1,627 shares during the period. Finally, Martingale Asset Management L P boosted its stake in CenterState Banks by 63.5% in the fourth quarter. Martingale Asset Management L P now owns 18,800 shares of the financial services provider’s stock valued at $474,000 after buying an additional 7,300 shares during the period. Institutional investors and hedge funds own 72.26% of the company’s stock.
Shares of CenterState Banks, Inc. (NASDAQ:CSFL) traded down 0.48% on Tuesday, reaching $24.98. 123,762 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $24.84 and a 200-day moving average price of $25.01. CenterState Banks, Inc. has a 12-month low of $14.71 and a 12-month high of $26.94. The company has a market cap of $1.38 billion, a PE ratio of 19.45 and a beta of 0.58.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Tuesday, June 13th. CenterState Banks’s dividend payout ratio is currently 18.60%.
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Several research firms recently commented on CSFL. BidaskClub raised shares of CenterState Banks from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research raised shares of CenterState Banks from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Friday, March 31st.
In other news, Director Charles W. Mcpherson acquired 4,000 shares of CenterState Banks stock in a transaction on Monday, May 1st. The stock was bought at an average price of $25.41 per share, for a total transaction of $101,640.00. Following the completion of the purchase, the director now owns 23,544 shares in the company, valued at $598,253.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.65% of the stock is currently owned by insiders.
CenterState Banks Company Profile
CenterState Banks, Inc is a financial holding company, which owns CenterState Bank of Florida, N.A. (CenterState Bank or the Bank). The Company provides a range of consumer and commercial banking services to individuals, businesses and industries. The Company’s segments include commercial and retail banking, correspondent banking and capital markets division, and corporate overhead and administration.
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