Signaturefd LLC Has $507,000 Position in Centerstate Bank Corp (NASDAQ:CSFL)

Signaturefd LLC grew its position in shares of Centerstate Bank Corp (NASDAQ:CSFL) by 25.5% during the second quarter, Holdings Channel.com reports. The fund owned 22,028 shares of the financial services provider’s stock after purchasing an additional 4,482 shares during the quarter. Signaturefd LLC’s holdings in Centerstate Bank were worth $507,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. D L Carlson Investment Group Inc. boosted its holdings in Centerstate Bank by 0.5% during the 1st quarter. D L Carlson Investment Group Inc. now owns 90,480 shares of the financial services provider’s stock worth $2,154,000 after acquiring an additional 465 shares during the last quarter. Alps Advisors Inc. boosted its holdings in Centerstate Bank by 4.4% during the 1st quarter. Alps Advisors Inc. now owns 15,827 shares of the financial services provider’s stock worth $377,000 after acquiring an additional 672 shares during the last quarter. Bremer Bank National Association purchased a new position in Centerstate Bank during the 1st quarter worth $34,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Centerstate Bank during the 1st quarter worth $34,000. Finally, Strs Ohio boosted its holdings in Centerstate Bank by 100.0% during the 1st quarter. Strs Ohio now owns 3,000 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 1,500 shares during the last quarter. 64.17% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:CSFL traded up $0.47 during midday trading on Tuesday, reaching $23.16. The company had a trading volume of 6,270 shares, compared to its average volume of 571,097. The stock has a 50 day simple moving average of $23.15. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.94 and a current ratio of 0.95. Centerstate Bank Corp has a 52-week low of $19.55 and a 52-week high of $31.22.

Centerstate Bank (NASDAQ:CSFL) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.51 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.51. The company had revenue of $196.62 million for the quarter, compared to the consensus estimate of $193.83 million. Centerstate Bank had a net margin of 27.16% and a return on equity of 9.64%. As a group, research analysts predict that Centerstate Bank Corp will post 2.06 earnings per share for the current year.

CSFL has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Centerstate Bank from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd. BidaskClub raised shares of Centerstate Bank from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $28.40.

In related news, Director Thomas E. Oakley purchased 3,575 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average cost of $23.03 per share, with a total value of $82,332.25. Following the acquisition, the director now owns 206,631 shares of the company’s stock, valued at $4,758,711.93. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.75% of the stock is currently owned by 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.

Featured Story: What is the Book Value of a Share?

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.