CenterState Banks Inc. (NASDAQ:CSFL) reached a new 52-week high during trading on Thursday . The stock traded as high as $16.61 and last traded at $16.50, with a volume of 50,190 shares. The stock had previously closed at $16.36.

Several research firms have recently commented on CSFL. Zacks Investment Research cut CenterState Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Stephens assumed coverage on CenterState Banks in a research report on Wednesday, May 25th. They issued an “equal weight” rating and a $17.50 price objective for the company. Finally, FIG Partners cut CenterState Banks from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 27th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.88.

The stock has a 50-day moving average of $15.61 and a 200-day moving average of $15.07. The firm has a market capitalization of $786.99 million and a PE ratio of 30.00.

CenterState Banks (NASDAQ:CSFL) last issued its earnings results on Monday, April 25th. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. On average, equities analysts expect that CenterState Banks Inc. will post $1.20 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a $0.04 dividend. The ex-dividend date was Monday, June 13th. This represents a $0.16 annualized dividend and a dividend yield of 0.98%.

Several hedge funds and institutional investors have recently modified their holdings of the company. Russell Frank Co raised its position in shares of CenterState Banks by 10.5% in the fourth quarter. Russell Frank Co now owns 646,530 shares of the financial services provider’s stock valued at $10,156,000 after buying an additional 61,676 shares during the last quarter. California State Teachers Retirement System raised its position in shares of CenterState Banks by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 84,192 shares of the financial services provider’s stock valued at $1,318,000 after buying an additional 1,298 shares during the last quarter. First Trust Advisors LP raised its position in shares of CenterState Banks by 49.0% in the fourth quarter. First Trust Advisors LP now owns 81,022 shares of the financial services provider’s stock valued at $1,268,000 after buying an additional 26,630 shares during the last quarter. California Public Employees Retirement System raised its position in shares of CenterState Banks by 24.7% in the fourth quarter. California Public Employees Retirement System now owns 125,800 shares of the financial services provider’s stock valued at $1,969,000 after buying an additional 24,900 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of CenterState Banks by 398.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 154,673 shares of the financial services provider’s stock valued at $2,422,000 after buying an additional 123,658 shares during the last quarter.

CenterState Banks, Inc (CSFL) is a bank holding company, which owns CenterState Bank of Florida, N.A. (CSB or the Bank) and a non-bank subsidiary, R4ALL, Inc (R4ALL). The Company’s basic services include demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, time deposits, safe deposit services, cash management, direct deposits, notary services, money orders, night depository, travelers’ checks, cashier’s checks, domestic collections, savings bonds, bank drafts, automated teller services, drive-in tellers, and banking by mail and by Internet.

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