CenterState Banks Inc. (NASDAQ:CSFL) saw an uptick in trading volume on Friday . 278,194 shares changed hands during trading, an increase of 90% from the previous session’s volume of 146,110 shares.The stock last traded at $16.76 and had previously closed at $16.67.

Several research firms have recently issued reports on CSFL. Zacks Investment Research upgraded shares of CenterState Banks from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a report on Thursday. Keefe, Bruyette & Woods raised their price target on shares of CenterState Banks from $17.00 to $18.00 and gave the company a “market perform” rating in a research report on Wednesday. Stephens started coverage on shares of CenterState Banks in a research report on Wednesday, May 25th. They set an “equal weight” rating and a $17.50 price target for the company. Finally, FIG Partners downgraded shares of CenterState Banks from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 27th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $17.88.

The firm’s 50 day moving average is $15.83 and its 200 day moving average is $15.17. The stock has a market capitalization of $799.60 million and a P/E ratio of 25.02.

CenterState Banks (NASDAQ:CSFL) last issued its earnings results on Tuesday, July 26th. The financial services provider reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. On average, analysts forecast that CenterState Banks Inc. will post $1.23 EPS for the current fiscal year.

A number of institutional investors 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in 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.

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.