CenterState Banks Inc. (CSFL) Sees Large Volume Increase
Shares of CenterState Banks Inc. (NASDAQ:CSFL) saw unusually-strong trading volume on Tuesday . Approximately 153,742 shares traded hands during trading, an increase of 9% from the previous session’s volume of 141,449 shares.The stock last traded at $17.62 and had previously closed at $17.66.
Several equities analysts have recently commented on CSFL shares. Zacks Investment Research lowered shares of CenterState Banks from a “buy” rating to a “hold” rating in a research report on Friday, June 3rd. FIG Partners lowered shares of CenterState Banks from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 27th. Stephens began coverage on shares of CenterState Banks in a research report on Wednesday, May 25th. They issued an “equal weight” rating and a $17.50 target price for the company. Finally, Keefe, Bruyette & Woods increased 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 report on Wednesday, July 27th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $17.88.
The firm’s 50-day moving average is $16.43 and its 200-day moving average is $15.45. The firm has a market capitalization of $852.57 million and a P/E ratio of 26.67.
CenterState Banks (NASDAQ:CSFL) last issued its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. Equities research analysts expect that CenterState Banks Inc. will post $1.24 earnings per share for the current year.
Several hedge funds and institutional investors recently modified their holdings of the stock. Bank of Montreal Can boosted 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 during the last quarter. New York State Common Retirement Fund boosted 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 during the last quarter. California State Teachers Retirement System boosted 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 during the last quarter. Finally, First Trust Advisors LP boosted 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 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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