CenterState Banks, Inc. (NASDAQ:CSFL) Director Charles W. Mcpherson purchased 3,600 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was bought at an average cost of $24.75 per share, with a total value of $89,100.00. Following the acquisition, the director now owns 27,144 shares of the company’s stock, valued at approximately $671,814. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of CenterState Banks, Inc. (NASDAQ:CSFL) traded up 0.57% during trading on Thursday, reaching $24.69. 19,232 shares of the company’s stock were exchanged. CenterState Banks, Inc. has a 52 week low of $17.00 and a 52 week high of $26.94. The stock has a 50 day moving average price of $24.98 and a 200-day moving average price of $24.99. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 20.40 and a beta of 0.60.

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Several large investors have recently added to or reduced their stakes in the company. Boston Partners boosted its stake in CenterState Banks by 1.5% in the first quarter. Boston Partners now owns 357,415 shares of the financial services provider’s stock valued at $9,257,000 after buying an additional 5,272 shares in the last quarter. Bank of America Corp DE boosted its stake in CenterState Banks by 225.3% in the first quarter. Bank of America Corp DE now owns 69,611 shares of the financial services provider’s stock valued at $1,803,000 after buying an additional 48,215 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in CenterState Banks by 1.1% in the first quarter. Russell Investments Group Ltd. now owns 304,191 shares of the financial services provider’s stock valued at $7,878,000 after buying an additional 3,430 shares in the last quarter. BlackRock Inc. boosted its stake in 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 in the last quarter. Finally, Teachers Advisors LLC boosted its stake in CenterState Banks by 32.4% in the fourth quarter. Teachers Advisors LLC now owns 151,169 shares of the financial services provider’s stock valued at $3,805,000 after buying an additional 36,967 shares in the last quarter. 69.07% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. BidaskClub cut shares of CenterState Banks from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Stephens set a $29.00 target price on shares of CenterState Banks and gave the company a “buy” rating in a research report on Monday. Finally, Zacks Investment Research upgraded shares of CenterState Banks from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Thursday, June 8th.

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.

Insider Buying and Selling by Quarter for CenterState Banks (NASDAQ:CSFL)

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