The COO of Centerstate Banks (NASDAQ: CSFL) is Selling Shares

By Carrie Williams

Today, the COO of Centerstate Banks (CSFLResearch Report), Stephen Dean Young, sold shares of CSFL for $637K.

In addition to Stephen Dean Young, one other CSFL executive reported Sell trades in the last month.

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Based on Centerstate Banks’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $160 million and quarterly net profit of $50.62 million. In comparison, last year the company earned revenue of $85.72 million and had a net profit of $1.91 million. CSFL’s market cap is $2.44B and the company has a P/E ratio of 14.55. Currently, Centerstate Banks has an average volume of 485.8K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $28.50, reflecting a 11.3% upside.

In the last 30 days, insiders have sold $637K worth of CSFL shares and purchased $279.7K worth of CSFL shares. The insider sentiment on Centerstate Banks has been positive according to 38 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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CenterState Bank Corp. operates as a bank holding company. It operates through following segments: Commercial and Retail Banking; Correspondent Banking and Capital Market; and Corporate Overhead and Administration. The Commercial and Retail Banking segment provides traditional deposit and lending products and services to its commercial and retail customers.