UBS Group AG Has $138,000 Stake in CenterState Banks, Inc. (CSFL)

UBS Group AG lowered its stake in CenterState Banks, Inc. (NASDAQ:CSFL) by 80.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,307 shares of the financial services provider’s stock after selling 21,323 shares during the period. UBS Group AG’s holdings in CenterState Banks were worth $138,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new stake in CenterState Banks during the first quarter valued at about $104,000. Raymond James Financial Services Advisors Inc. raised its stake in CenterState Banks by 24.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,311 shares of the financial services provider’s stock valued at $267,000 after buying an additional 2,019 shares during the last quarter. Legal & General Group Plc raised its stake in CenterState Banks by 1.6% in the first quarter. Legal & General Group Plc now owns 11,971 shares of the financial services provider’s stock valued at $309,000 after buying an additional 192 shares during the last quarter. Donald L. Hagan LLC bought a new stake in CenterState Banks during the first quarter valued at about $372,000. Finally, Teza Capital Management LLC raised its stake in CenterState Banks by 17.8% in the first quarter. Teza Capital Management LLC now owns 14,444 shares of the financial services provider’s stock valued at $374,000 after buying an additional 2,187 shares during the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.

Shares of CenterState Banks, Inc. (CSFL) traded down 0.20% during trading on Friday, reaching $24.34. The company’s stock had a trading volume of 18,936 shares. The firm has a market cap of $1.46 billion, a PE ratio of 20.12 and a beta of 0.60. The stock’s 50 day moving average price is $24.94 and its 200-day moving average price is $25.01. CenterState Banks, Inc. has a 12 month low of $16.68 and a 12 month high of $26.94.

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A number of equities analysts have weighed in on CSFL shares. Zacks Investment Research raised CenterState Banks from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Friday, July 28th. BidaskClub raised CenterState Banks from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th.

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.

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

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