CenterState Banks, Inc. (NASDAQ:CSFL) Stake Raised by Creative Planning
Creative Planning increased its stake in CenterState Banks, Inc. (NASDAQ:CSFL) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,086 shares of the financial services provider’s stock after buying an additional 218 shares during the period. Creative Planning’s holdings in CenterState Banks were worth $201,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new position in shares of CenterState Banks during the first quarter valued at $104,000. Driehaus Capital Management LLC bought a new position in shares of CenterState Banks during the first quarter valued at $222,000. Tudor Investment Corp ET AL bought a new position in shares of CenterState Banks during the first quarter valued at $261,000. Raymond James Financial Services Advisors Inc. raised its position in shares of 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 valued at $267,000 after buying an additional 2,019 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of CenterState Banks by 1.6% in the first quarter. Legal & General Group Plc now owns 11,971 shares of the financial services provider’s stock valued at $309,000 after buying an additional 192 shares in the last quarter. 68.42% of the stock is owned by institutional investors.
Shares of CenterState Banks, Inc. (NASDAQ CSFL) traded up 0.90% on Tuesday, reaching $25.88. 57,275 shares of the company’s stock traded hands. CenterState Banks, Inc. has a 52 week low of $16.32 and a 52 week high of $26.94. The firm has a market capitalization of $1.55 billion, a P/E ratio of 21.39 and a beta of 0.60. The company’s 50-day moving average is $24.91 and its 200-day moving average is $24.98.
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Several brokerages have weighed in on CSFL. BidaskClub raised shares of CenterState Banks from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research raised shares of CenterState Banks from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Friday, July 28th.
CenterState Banks Company Profile
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.
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