CenterState Banks Inc. (NASDAQ:CSFL)’s share price hit 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 changing hands. The stock had previously closed at $16.36.

Several brokerages recently commented on CSFL. Zacks Investment Research upgraded shares of CenterState Banks from a “sell” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Friday, April 29th. FIG Partners downgraded shares of CenterState Banks from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 27th. Finally, Stephens began coverage on shares of CenterState Banks in a report on Wednesday, May 25th. They set an “equal weight” rating and a $17.50 price target on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $16.88.

The firm has a market cap of $787.47 million and a PE ratio of 30.02. The stock’s 50-day moving average price is $15.64 and its 200-day moving average price is $15.09.

CenterState Banks (NASDAQ:CSFL) last posted its quarterly earnings results on Monday, April 25th. The financial services provider reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Analysts predict that CenterState Banks Inc. will post $1.20 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Monday, June 13th.

A number of institutional investors have recently modified their holdings of the company. First Trust Advisors LP increased 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 worth $1,268,000 after buying an additional 26,630 shares during the period. California State Teachers Retirement System increased 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 worth $1,318,000 after buying an additional 1,298 shares during the period. New York State Common Retirement Fund increased its position in shares of CenterState Banks by 11.5% in the fourth quarter. New York State Common Retirement Fund now owns 89,941 shares of the financial services provider’s stock worth $1,408,000 after buying an additional 9,284 shares during the period. California Public Employees Retirement System increased 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 worth $1,969,000 after buying an additional 24,900 shares during the period. Finally, Bank of Montreal Can increased its position in shares of CenterState Banks by 1,673.0% in the fourth quarter. Bank of Montreal Can now owns 133,506 shares of the financial services provider’s stock worth $2,089,000 after buying an additional 125,976 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.