CenterState Banks Inc. (CSFL) Sets New 1-Year High at $17.19
Shares of CenterState Banks Inc. (NASDAQ:CSFL) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $17.19 and last traded at $17.18, with a volume of 55,453 shares changing hands. The stock had previously closed at $16.96.
A number of research firms have recently issued reports on CSFL. Zacks Investment Research upgraded shares of CenterState Banks from a “sell” rating to a “hold” rating in a report on Thursday, April 21st. Keefe, Bruyette & Woods lifted their price objective on shares of CenterState Banks from $17.00 to $18.00 and gave the company a “market perform” rating in a report on Wednesday, July 27th. 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 issued an “equal weight” rating and a $17.50 price objective on the stock. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.88.
The firm’s 50-day moving average is $16.36 and its 200-day moving average is $15.44. The stock has a market capitalization of $844.41 million and a price-to-earnings ratio of 26.41.
CenterState Banks (NASDAQ:CSFL) last announced its earnings results on Tuesday, July 26th. The financial services provider reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. Equities analysts anticipate that CenterState Banks Inc. will post $1.24 EPS for the current fiscal year.
Other hedge funds recently made changes to their positions in the company. First Trust Advisors LP boosted its stake 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 valued at $1,268,000 after buying an additional 26,630 shares during the last quarter. California State Teachers Retirement System boosted its position in 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 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 worth $1,408,000 after buying an additional 9,284 shares during the last quarter. Finally, 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 worth $2,089,000 after buying an additional 125,976 shares during 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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