Monarch Partners Asset Management LLC cut its stake in shares of CenterState Banks, Inc. (NASDAQ:CSFL) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 272,720 shares of the financial services provider’s stock after selling 19,870 shares during the period. Monarch Partners Asset Management LLC’s holdings in CenterState Banks were worth $6,780,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of CenterState Banks by 20,548.4% in the first quarter. BlackRock Inc. now owns 3,504,246 shares of the financial services provider’s stock valued at $90,760,000 after buying an additional 3,487,275 shares during the period. Channing Capital Management LLC acquired a new stake in shares of CenterState Banks during the first quarter valued at about $31,318,000. Goldman Sachs Group Inc. raised its stake in shares of CenterState Banks by 66.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,415,244 shares of the financial services provider’s stock valued at $36,655,000 after buying an additional 565,558 shares during the period. Loomis Sayles & Co. L P acquired a new stake in shares of CenterState Banks during the first quarter valued at about $8,680,000. Finally, State Street Corp raised its stake in shares of CenterState Banks by 20.8% in the first quarter. State Street Corp now owns 1,415,538 shares of the financial services provider’s stock valued at $36,662,000 after buying an additional 243,569 shares during the period. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CenterState Banks, Inc. (NASDAQ:CSFL) opened at 23.93 on Friday. CenterState Banks, Inc. has a 12-month low of $16.96 and a 12-month high of $26.94. The stock has a 50 day moving average of $24.93 and a 200 day moving average of $25.00. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 19.78 and a beta of 0.60.

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Several equities research analysts have issued reports on CSFL shares. BidaskClub raised shares of CenterState Banks from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research lowered shares of CenterState Banks from a “buy” rating to a “hold” rating in a 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.

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

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