CenterState Banks Inc. (NASDAQ:CSFL)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $16.94 and last traded at $16.71, with a volume of 31,797 shares changing hands. The stock had previously closed at $16.88.

CSFL has been the topic of several recent analyst reports. Zacks Investment Research upgraded CenterState Banks from a “sell” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Friday, April 29th. Stephens initiated coverage on CenterState Banks in a research note on Wednesday, May 25th. They issued an “equal weight” rating and a $17.50 price target on the stock. Keefe, Bruyette & Woods lifted their price target on CenterState Banks from $17.00 to $18.00 and gave the company a “market perform” rating in a research note on Wednesday, July 27th. Finally, FIG Partners lowered CenterState Banks from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 27th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. CenterState Banks has a consensus rating of “Buy” and a consensus price target of $17.88.

The firm’s 50 day moving average is $16.00 and its 200-day moving average is $15.25. The stock has a market cap of $800.24 million and a P/E ratio of 25.03.

CenterState Banks (NASDAQ:CSFL) last posted its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. On average, analysts forecast that CenterState Banks Inc. will post $1.24 earnings per share for the current year.

Several large investors recently bought and sold shares of the company. 12th Street Asset Management Company LLC increased its stake in CenterState Banks by 196.4% in the fourth quarter. 12th Street Asset Management Company LLC now owns 235,675 shares of the financial services provider’s stock valued at $3,688,000 after buying an additional 156,174 shares in the last quarter. Bank of Montreal Can increased its stake in 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 valued at $2,089,000 after buying an additional 125,976 shares in the last quarter. New York State Common Retirement Fund increased its stake in 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 valued at $1,408,000 after buying an additional 9,284 shares in the last quarter. California Public Employees Retirement System increased its stake in 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 in the last quarter. Finally, First Trust Advisors LP increased its stake in 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 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.

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