Shell Asset Management Co. held its position in CenterState Banks, Inc. (NASDAQ:CSFL) during the second quarter, Holdings Channel reports. The fund owned 47,411 shares of the financial services provider’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in CenterState Banks were worth $1,179,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CSFL. Ameritas Investment Partners Inc. purchased a new position in CenterState Banks during the first quarter worth approximately $104,000. Creative Planning raised its position in CenterState Banks by 2.8% in the second quarter. Creative Planning now owns 8,086 shares of the financial services provider’s stock worth $201,000 after buying an additional 218 shares during the period. Driehaus Capital Management LLC purchased a new position in CenterState Banks during the first quarter worth approximately $222,000. Tudor Investment Corp ET AL purchased a new position in CenterState Banks during the first quarter worth approximately $261,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in CenterState Banks by 24.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,311 shares of the financial services provider’s stock worth $267,000 after buying an additional 2,019 shares during the period. Hedge funds and other institutional investors own 68.42% of the company’s stock.

CenterState Banks, Inc. (NASDAQ:CSFL) opened at 25.65 on Monday. The stock has a 50 day moving average of $24.91 and a 200-day moving average of $24.98. CenterState Banks, Inc. has a 52-week low of $16.32 and a 52-week high of $26.94. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 21.20 and a beta of 0.60.

TRADEMARK VIOLATION NOTICE: “CenterState Banks, Inc. (NASDAQ:CSFL) Stake Maintained by Shell Asset Management Co.” was originally reported by Daily Political and is owned by of Daily Political. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://www.dailypolitical.com/2017/08/07/centerstate-banks-inc-nasdaqcsfl-stake-maintained-by-shell-asset-management-co.html.

CSFL has been the subject of a number of analyst reports. BidaskClub upgraded shares of CenterState Banks from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research lowered shares of CenterState Banks from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th.

About CenterState Banks

CenterState Banks, Inc is a financial holding company, which owns CenterState Bank of Florida, N.A. (CenterState Bank or the Bank). The Company provides a range of consumer and commercial banking services to individuals, businesses and industries. The Company’s segments include commercial and retail banking, correspondent banking and capital markets division, and corporate overhead and administration.

Want to see what other hedge funds are holding CSFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CenterState Banks, Inc. (NASDAQ:CSFL).

Institutional Ownership by Quarter for CenterState Banks (NASDAQ:CSFL)

Receive News & Ratings for CenterState Banks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CenterState Banks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.