Shares of CenterState Banks Inc. (NASDAQ:CSFL) hit a new 52-week high on Monday . The company traded as high as $16.94 and last traded at $16.71, with a volume of 31,797 shares. The stock had previously closed at $16.88.

CSFL has been the subject of several research analyst reports. Zacks Investment Research cut shares of CenterState Banks from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Keefe, Bruyette & Woods upped their target price on shares of CenterState Banks from $17.00 to $18.00 and gave the company a “market perform” rating in a research note on Wednesday, July 27th. FIG Partners cut shares of CenterState Banks from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 27th. Finally, Stephens initiated coverage on shares of CenterState Banks in a research note on Wednesday, May 25th. They set an “equal weight” rating and a $17.50 target price for the company. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. CenterState Banks presently has a consensus rating of “Buy” and an average target price of $17.88.

The firm has a market capitalization of $802.16 million and a P/E ratio of 25.09. The stock’s 50-day moving average price is $16.10 and its 200 day moving average price is $15.31.

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

Several institutional investors have modified their holdings of CSFL. 12th Street Asset Management Company LLC boosted its position in shares of 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 boosted its position 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 boosted its position 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 boosted its position 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 boosted its position 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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