Alliancebernstein L.P. decreased its position in CenterState Banks, Inc. (NASDAQ:CSFL) by 0.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 58,293 shares of the financial services provider’s stock after selling 400 shares during the period. Alliancebernstein L.P. owned approximately 0.11% of CenterState Banks worth $1,510,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Ameritas Investment Partners Inc. bought a new stake in shares of CenterState Banks during the first quarter worth about $104,000. Raymond James Financial Services Advisors Inc. boosted 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. Donald L. Hagan LLC acquired a new stake in CenterState Banks during the first quarter valued at $372,000. Teza Capital Management LLC boosted 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. Finally, Intrust Bank NA boosted its stake in CenterState Banks by 7.1% in the first quarter. Intrust Bank NA now owns 16,813 shares of the financial services provider’s stock valued at $436,000 after buying an additional 1,115 shares during the last quarter. 68.42% of the stock is currently owned by institutional investors and hedge funds.
CenterState Banks, Inc. (CSFL) opened at 23.93 on Friday. The stock’s 50 day moving average price is $24.93 and its 200 day moving average price is $25.00. CenterState Banks, Inc. has a 12 month low of $16.96 and a 12 month high of $26.94. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 19.78 and a beta of 0.60.
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Several research firms have weighed in on CSFL. BidaskClub raised CenterState Banks from a “sell” rating to a “hold” rating in a report on Sunday, August 6th. Zacks Investment Research raised CenterState Banks from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday, June 8th.
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.
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