Several other brokerages have also issued reports on CSFL. SunTrust Banks began coverage on CenterState Bank in a report on Tuesday, March 6th. They set a buy rating and a $32.00 price objective on the stock. BidaskClub lowered CenterState Bank from a hold rating to a sell rating in a report on Thursday, December 7th. Zacks Investment Research raised CenterState Bank from a sell rating to a buy rating and set a $30.00 price objective on the stock in a report on Tuesday, December 26th. Finally, Keefe, Bruyette & Woods raised CenterState Bank from a market perform rating to an outperform rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. CenterState Bank has an average rating of Hold and an average target price of $30.00.
Shares of CSFL stock opened at $26.35 on Thursday. The stock has a market cap of $2,202.99, a price-to-earnings ratio of 25.83 and a beta of 0.55. CenterState Bank has a 1 year low of $25.03 and a 1 year high of $28.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.84 and a current ratio of 0.85.
In related news, Director Thomas E. Oakley sold 20,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $26.80, for a total transaction of $536,000.00. Following the transaction, the director now owns 221,358 shares of the company’s stock, valued at $5,932,394.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.35% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE grew its holdings in shares of CenterState Bank by 74.5% during the fourth quarter. US Bancorp DE now owns 4,694 shares of the financial services provider’s stock worth $120,000 after buying an additional 2,004 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new position in shares of CenterState Bank during the fourth quarter worth about $205,000. Jane Street Group LLC purchased a new position in shares of CenterState Bank during the third quarter worth about $218,000. BNP Paribas Arbitrage SA grew its holdings in shares of CenterState Bank by 50.1% during the third quarter. BNP Paribas Arbitrage SA now owns 8,500 shares of the financial services provider’s stock worth $228,000 after buying an additional 2,838 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its holdings in shares of CenterState Bank by 35.6% during the fourth quarter. Thrivent Financial For Lutherans now owns 12,133 shares of the financial services provider’s stock worth $312,000 after buying an additional 3,183 shares during the last quarter. 56.37% of the stock is currently owned by hedge funds and other institutional investors.
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CenterState Bank Company Profile
CenterState Bank Corporation operates as the holding company for CenterState Bank, N.A. that provides various consumer and commercial banking services to individuals, businesses, and industries in Florida. The company's deposit products include savings, demand, negotiable order of withdrawal, and money market deposit accounts, as well as certificates of deposit and time deposits.
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