CenterState Banks, Inc. (CSFL) Receives $28.33 Consensus Target Price from Analysts

Shares of CenterState Banks, Inc. (NASDAQ:CSFL) have been given a consensus recommendation of “Hold” by the six research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $28.33.

Several analysts have recently issued reports on CSFL shares. ValuEngine downgraded CenterState Banks from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Stephens set a $29.00 price target on CenterState Banks and gave the stock a “buy” rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $28.00 price target on shares of CenterState Banks in a research note on Tuesday, October 3rd. BidaskClub downgraded CenterState Banks from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, Brean Capital started coverage on CenterState Banks in a research note on Tuesday, August 29th. They set a “hold” rating for the company.

In other news, Director Charles W. Mcpherson purchased 3,600 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was purchased at an average price of $24.75 per share, with a total value of $89,100.00. Following the acquisition, the director now directly owns 27,144 shares in the company, valued at approximately $671,814. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael F. Ciferri purchased 4,500 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was purchased at an average cost of $22.66 per share, with a total value of $101,970.00. Following the acquisition, the director now owns 307,237 shares in the company, valued at $6,961,990.42. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 11,100 shares of company stock valued at $260,040. 3.65% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in CenterState Banks by 225.3% in the 1st quarter. Bank of America Corp DE now owns 69,611 shares of the financial services provider’s stock valued at $1,803,000 after acquiring an additional 48,215 shares in the last quarter. BlackRock Inc. raised its holdings in CenterState Banks by 20,548.4% in the 1st quarter. BlackRock Inc. now owns 3,504,246 shares of the financial services provider’s stock valued at $90,760,000 after acquiring an additional 3,487,275 shares in the last quarter. Swiss National Bank raised its holdings in CenterState Banks by 10.4% in the 1st quarter. Swiss National Bank now owns 84,696 shares of the financial services provider’s stock valued at $2,194,000 after acquiring an additional 8,000 shares in the last quarter. NorthCoast Asset Management LLC acquired a new position in CenterState Banks in the 1st quarter valued at approximately $1,342,000. Finally, Rothschild Asset Management Inc. raised its holdings in CenterState Banks by 42.5% in the 2nd quarter. Rothschild Asset Management Inc. now owns 442,458 shares of the financial services provider’s stock valued at $11,000,000 after acquiring an additional 132,065 shares in the last quarter. 71.51% of the stock is owned by hedge funds and other institutional investors.

WARNING: “CenterState Banks, Inc. (CSFL) Receives $28.33 Consensus Target Price from Analysts” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/08/centerstate-banks-inc-csfl-receives-28-33-consensus-target-price-from-analysts.html.

CenterState Banks (NASDAQ:CSFL) traded up 0.45% on Tuesday, reaching $26.96. The company’s stock had a trading volume of 152,969 shares. The firm has a 50-day moving average price of $25.08 and a 200 day moving average price of $24.96. The firm has a market capitalization of $1.62 billion, a P/E ratio of 22.28 and a beta of 0.60. CenterState Banks has a 52-week low of $17.72 and a 52-week high of $27.06.

CenterState Banks announced that its Board of Directors has authorized a stock repurchase plan on Thursday, September 7th that allows the company to buyback 3,000,000 shares. This

Several analysts have recently issued reports on CSFL shares. ValuEngine downgraded CenterState Banks from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Stephens set a $29.00 price target on CenterState Banks and gave the stock a “buy” rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $28.00 price target on shares of CenterState Banks in a research note on Tuesday, October 3rd. BidaskClub downgraded CenterState Banks from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, Brean Capital started coverage on CenterState Banks in a research note on Tuesday, August 29th. They set a “hold” rating for the company.

In other news, Director Charles W. Mcpherson purchased 3,600 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was purchased at an average price of $24.75 per share, with a total value of $89,100.00. Following the acquisition, the director now directly owns 27,144 shares in the company, valued at approximately $671,814. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael F. Ciferri purchased 4,500 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was purchased at an average cost of $22.66 per share, with a total value of $101,970.00. Following the acquisition, the director now owns 307,237 shares in the company, valued at $6,961,990.42. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 11,100 shares of company stock valued at $260,040. 3.65% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in CenterState Banks by 225.3% in the 1st quarter. Bank of America Corp DE now owns 69,611 shares of the financial services provider’s stock valued at $1,803,000 after acquiring an additional 48,215 shares in the last quarter. BlackRock Inc. raised its holdings in CenterState Banks by 20,548.4% in the 1st quarter. BlackRock Inc. now owns 3,504,246 shares of the financial services provider’s stock valued at $90,760,000 after acquiring an additional 3,487,275 shares in the last quarter. Swiss National Bank raised its holdings in CenterState Banks by 10.4% in the 1st quarter. Swiss National Bank now owns 84,696 shares of the financial services provider’s stock valued at $2,194,000 after acquiring an additional 8,000 shares in the last quarter. NorthCoast Asset Management LLC acquired a new position in CenterState Banks in the 1st quarter valued at approximately $1,342,000. Finally, Rothschild Asset Management Inc. raised its holdings in CenterState Banks by 42.5% in the 2nd quarter. Rothschild Asset Management Inc. now owns 442,458 shares of the financial services provider’s stock valued at $11,000,000 after acquiring an additional 132,065 shares in the last quarter. 71.51% of the stock is owned by hedge funds and other institutional investors.

WARNING: “CenterState Banks, Inc. (CSFL) Receives $28.33 Consensus Target Price from Analysts” was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/08/centerstate-banks-inc-csfl-receives-28-33-consensus-target-price-from-analysts.html.

CenterState Banks (NASDAQ:CSFL) traded up 0.45% on Tuesday, reaching $26.96. The company’s stock had a trading volume of 152,969 shares. The firm has a 50-day moving average price of $25.08 and a 200 day moving average price of $24.96. The firm has a market capitalization of $1.62 billion, a P/E ratio of 22.28 and a beta of 0.60. CenterState Banks has a 52-week low of $17.72 and a 52-week high of $27.06.

CenterState Banks announced that its Board of Directors has authorized a stock repurchase plan on Thursday, September 7th that allows the company to buyback 3,000,000 shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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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