First National Bank of Omaha Has $2.60 Million Stock Position in Centerstate Bank Corp (NASDAQ:CSFL)

Share on StockTwits

First National Bank of Omaha lowered its stake in Centerstate Bank Corp (NASDAQ:CSFL) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 104,020 shares of the financial services provider’s stock after selling 5,543 shares during the quarter. First National Bank of Omaha owned about 0.08% of Centerstate Bank worth $2,598,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CSFL. Tower Research Capital LLC TRC lifted its stake in shares of Centerstate Bank by 1,148.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,248 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,148 shares during the period. First Mercantile Trust Co. lifted its stake in shares of Centerstate Bank by 11.6% in the 3rd quarter. First Mercantile Trust Co. now owns 4,197 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 436 shares during the period. IFP Advisors Inc lifted its stake in shares of Centerstate Bank by 52.0% in the 4th quarter. IFP Advisors Inc now owns 4,384 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 1,500 shares during the period. Trustcore Financial Services LLC lifted its stake in shares of Centerstate Bank by 201.7% in the 3rd quarter. Trustcore Financial Services LLC now owns 5,430 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 3,630 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Centerstate Bank by 43.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,318 shares of the financial services provider’s stock valued at $214,000 after purchasing an additional 2,814 shares during the period. 76.76% of the stock is currently owned by institutional investors.

Several brokerages recently commented on CSFL. BidaskClub downgraded Centerstate Bank from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 4th. ValuEngine raised Centerstate Bank from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised Centerstate Bank from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Friday, January 10th. DA Davidson began coverage on Centerstate Bank in a research note on Wednesday, October 9th. They set a “neutral” rating and a $25.00 price objective on the stock. Finally, Stephens began coverage on Centerstate Bank in a research note on Thursday, December 12th. They set a “buy” rating and a $25.50 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $25.83.

Shares of Centerstate Bank stock opened at $24.48 on Friday. Centerstate Bank Corp has a 12 month low of $21.57 and a 12 month high of $26.83. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.22. The stock’s fifty day simple moving average is $24.99 and its 200 day simple moving average is $24.20.

Centerstate Bank (NASDAQ:CSFL) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.03. The business had revenue of $203.44 million for the quarter, compared to the consensus estimate of $195.30 million. Centerstate Bank had a return on equity of 9.63% and a net margin of 26.20%. As a group, research analysts anticipate that Centerstate Bank Corp will post 2.07 earnings per share for the current year.

In other Centerstate Bank news, Director James H. Bingham sold 3,900 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $26.55, for a total transaction of $103,545.00. Following the completion of the transaction, the director now owns 120,467 shares in the company, valued at approximately $3,198,398.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.75% of the stock is currently owned by corporate insiders.

About Centerstate Bank

CenterState Bank Corporation operates as the holding company for CenterState Bank, N.A. that provides various consumer and commercial banking services to individuals, businesses, and industries. The company accepts various deposit products, such as savings, demand, negotiable order of withdrawal, and money market deposit accounts, as well as certificates of deposit and time deposits.

Read More: Why is the LIBOR significant?

Want to see what other hedge funds are holding CSFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Centerstate Bank Corp (NASDAQ:CSFL).

Institutional Ownership by Quarter for Centerstate Bank (NASDAQ:CSFL)

Receive News & Ratings for Centerstate Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centerstate Bank and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

GAM Holding AG Decreases Holdings in Lear Co.
GAM Holding AG Decreases Holdings in Lear Co.
GAM Holding AG Makes New Investment in FirstEnergy Corp.
GAM Holding AG Makes New Investment in FirstEnergy Corp.
GAM Holding AG Sells 1,916 Shares of Constellation Brands, Inc.
GAM Holding AG Sells 1,916 Shares of Constellation Brands, Inc.
GAM Holding AG Reduces Stock Position in Philip Morris International Inc.
GAM Holding AG Reduces Stock Position in Philip Morris International Inc.
GAM Holding AG Makes New $332,000 Investment in Nordson Co.
GAM Holding AG Makes New $332,000 Investment in Nordson Co.
Cracker Barrel Old Country Store, Inc.  Shares Sold by GAM Holding AG
Cracker Barrel Old Country Store, Inc. Shares Sold by GAM Holding AG


 
© 2006-2020 Zolmax.