Friday, June 24, 2022

The Rejuvenation of CenterState Bank Corporation (NASDAQ:CSFL)

Many stocks have been testing new highs in 2020, and one of the most notable is CenterState Bank Corporation (CSFL). Currently, CSFL is trading at $18.14 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $22.31.

To add more color to this target, the company’s high over the last year is $26.79 and the low is $12.10. Over the last 52 weeks, CSFL is down -32.29% while the S&P 500 is down -0.75%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CSFL reported a profit of $153.35 million. CenterState Bank Corporation also saw revenues increase to $176.76 million. In addition, CSFL has free cash flow of $14.17 million as of 03-2020.

CSFL booked profit margins of 29.60%, its Return on Equity (ROE) is 7.50%, and its Return on Assets is 1.20%. All told, it is clear that, CSFL needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CSFL has a short ratio of 1.60 and outstanding shares of 124.80M.

Company Outlook

CSFL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.01 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.69. Investors should also keep an eye on sector updates as CSFL has historically followed its peers on positive news.

All told, CenterState Bank Corporation CSFL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CSFL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

CenterState Bank Corporation CSFL is now commanding a market cap of 2.26B and a float of 121.16M. CSFL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CSFL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CSFL, either long or short, and we have not been compensated for this article.

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