CenterState Banks Inc. (NASDAQ:CSFL) hit a new 52-week high on Monday . The stock traded as high as $17.19 and last traded at $17.18, with a volume of 55,453 shares traded. The stock had previously closed at $16.96.

Several brokerages have weighed in on CSFL. Zacks Investment Research raised CenterState Banks from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a research note on Thursday, July 28th. Keefe, Bruyette & Woods upped their target price 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. FIG Partners cut CenterState Banks from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 27th. Finally, Stephens began coverage on CenterState Banks in a research note on Wednesday, May 25th. They set an “equal weight” rating and a $17.50 target price on the stock. Three 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 company’s stock. The stock currently has an average rating of “Buy” and an average price target of $17.88.

The stock has a 50-day moving average of $16.21 and a 200 day moving average of $15.36. The stock has a market cap of $847.77 million and a P/E ratio of 26.52.

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, beating the Zacks’ consensus estimate of $0.28 by $0.04. Equities analysts expect that CenterState Banks Inc. will post $1.24 EPS for the current year.

A number of hedge funds and institutional investors recently modified their holdings of the stock. 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 worth $1,268,000 after buying an additional 26,630 shares in the last quarter. Bank of Montreal Can raised 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. 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 worth $1,318,000 after buying an additional 1,298 shares in the last quarter. Finally, New York State Common Retirement Fund raised 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.

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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