First Trust Advisors LP reduced its stake in CenterState Banks, Inc. (NASDAQ:CSFL) by 7.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 256,500 shares of the financial services provider’s stock after selling 20,633 shares during the period. First Trust Advisors LP owned about 0.43% of CenterState Banks worth $6,377,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CSFL. Boston Partners boosted its stake in shares of CenterState Banks by 3.0% in the second quarter. Boston Partners now owns 367,981 shares of the financial services provider’s stock valued at $9,148,000 after buying an additional 10,566 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of CenterState Banks by 6.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 230,515 shares of the financial services provider’s stock valued at $5,731,000 after buying an additional 14,278 shares during the period. Sei Investments Co. boosted its stake in shares of CenterState Banks by 55.3% in the second quarter. Sei Investments Co. now owns 76,317 shares of the financial services provider’s stock valued at $1,897,000 after buying an additional 27,191 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in shares of CenterState Banks by 82.1% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 370,213 shares of the financial services provider’s stock valued at $9,203,000 after buying an additional 166,890 shares during the period. Finally, Ronald Blue & Co. LLC boosted its stake in shares of CenterState Banks by 0.3% in the second quarter. Ronald Blue & Co. LLC now owns 9,008 shares of the financial services provider’s stock valued at $223,000 after buying an additional 28 shares during the period. 72.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CenterState Banks, Inc. (NASDAQ:CSFL) opened at 24.38 on Wednesday. The firm’s 50-day moving average price is $24.88 and its 200 day moving average price is $24.98. CenterState Banks, Inc. has a 52 week low of $17.09 and a 52 week high of $26.94. The company has a market capitalization of $1.46 billion, a PE ratio of 20.15 and a beta of 0.60.

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Several equities research analysts have recently issued reports on the company. Brean Capital assumed coverage on CenterState Banks in a report on Tuesday. They issued a “hold” rating on the stock. Stephens set a $29.00 target price on CenterState Banks and gave the stock a “buy” rating in a report on Monday, August 14th. BidaskClub cut CenterState Banks from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research raised CenterState Banks from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Friday, July 28th.

In other news, Director Charles W. Mcpherson acquired 3,600 shares of CenterState Banks stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average price of $24.75 per share, with a total value of $89,100.00. Following the completion of the purchase, 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 can be accessed through this link. 3.65% of the stock is owned by corporate insiders.

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.

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

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