Tudor Investment Corp ET AL grew its stake in shares of CenterState Banks, Inc. (NASDAQ:CSFL) by 10.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,178 shares of the financial services provider’s stock after acquiring an additional 1,092 shares during the period. Tudor Investment Corp ET AL’s holdings in CenterState Banks were worth $278,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CSFL. Bank of New York Mellon Corp lifted its position in shares of CenterState Banks by 30.9% during the first quarter. Bank of New York Mellon Corp now owns 635,431 shares of the financial services provider’s stock worth $16,457,000 after acquiring an additional 150,090 shares in the last quarter. Swiss National Bank lifted its position in shares of CenterState Banks by 10.4% during the first quarter. Swiss National Bank now owns 84,696 shares of the financial services provider’s stock worth $2,194,000 after acquiring an additional 8,000 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of CenterState Banks by 8.0% during the first quarter. Parametric Portfolio Associates LLC now owns 36,791 shares of the financial services provider’s stock worth $953,000 after acquiring an additional 2,715 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of CenterState Banks by 24.3% during 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 acquiring an additional 2,019 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of CenterState Banks during the first quarter worth $104,000. Hedge funds and other institutional investors own 71.49% of the company’s stock.

In related news, Director Charles W. Mcpherson purchased 3,600 shares of CenterState Banks stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $24.75 per share, for a total transaction of $89,100.00. Following the acquisition, the director now owns 27,144 shares in the company, valued at approximately $671,814. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael F. Ciferri purchased 4,500 shares of CenterState Banks stock in a transaction on Tuesday, September 12th. The stock was bought at an average price of $22.66 per share, for a total transaction of $101,970.00. Following the completion of the acquisition, the director now owns 307,237 shares in the company, valued at approximately $6,961,990.42. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 11,100 shares of company stock worth $260,040. 3.65% of the stock is currently owned by insiders.

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CenterState Banks, Inc. (CSFL) opened at 27.02 on Monday. The company has a market cap of $1.62 billion, a PE ratio of 22.33 and a beta of 0.60. CenterState Banks, Inc. has a 12-month low of $17.72 and a 12-month high of $27.40. The stock has a 50 day moving average of $25.47 and a 200 day moving average of $25.04.

CenterState Banks announced that its Board of Directors has initiated a share repurchase plan on Thursday, September 7th that authorizes the company to repurchase 3,000,000 outstanding shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Several equities research analysts have issued reports on CSFL shares. Stephens set a $29.00 target price on CenterState Banks and gave the stock a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research upgraded CenterState Banks from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Friday, July 28th. Keefe, Bruyette & Woods restated a “hold” rating and set a $28.00 target price on shares of CenterState Banks in a research report on Tuesday, October 3rd. ValuEngine downgraded CenterState Banks from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Finally, Brean Capital started coverage on CenterState Banks in a research report on Tuesday, August 29th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $28.33.

About CenterState Banks

CenterState Bank Corporation, formerly 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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