Shares of C1 Financial Inc. (NYSE:BNK) rose 6.1% on Monday . The company traded as high as $24.66 and last traded at $24.36, with a volume of 160,168 shares changing hands. The stock had previously closed at $22.95.

The firm’s 50 day moving average price is $23.30 and its 200-day moving average price is $23.65. The company has a market capitalization of $402.18 million and a PE ratio of 25.49.

An institutional investor recently raised its position in C1 Financial stock. Morgan Stanley raised its position in C1 Financial Inc. (NYSE:BNK) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,257 shares of the financial services provider’s stock after buying an additional 4,502 shares during the period. Morgan Stanley owned 0.58% of C1 Financial worth $2,258,000 at the end of the most recent reporting period.

C1 Financial, Inc is a bank holding company. The Company is focused on serving the needs of entrepreneurs offering relationship banking services to entrepreneurs and their families, including commercial loans and a range of depository products. The Company operates from approximately 30 banking centers and over one loan production office on the West Coast of Florida and in Miami-Dade, Broward and Orange Counties.