CenterState Banks, Inc. (NASDAQ:CSFL) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its stake in CenterState Banks, Inc. (NASDAQ:CSFL) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,293 shares of the financial services provider’s stock after selling 400 shares during the period. Alliancebernstein L.P. owned about 0.11% of CenterState Banks worth $1,510,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Donald L. Hagan LLC acquired a new stake in CenterState Banks during the first quarter valued at about $372,000. Boston Partners increased 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. State Street Corp increased its stake in CenterState Banks by 19.2% in the fourth quarter. State Street Corp now owns 1,171,969 shares of the financial services provider’s stock valued at $29,501,000 after buying an additional 188,467 shares in the last quarter. Russell Investments Group Ltd. increased 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. Finally, Teachers Advisors LLC increased 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. Institutional investors own 69.07% of the company’s stock.

CenterState Banks, Inc. (NASDAQ:CSFL) traded up 0.66% on Friday, hitting $24.26. 167,104 shares of the stock were exchanged. The company’s 50 day moving average price is $24.94 and its 200-day moving average price is $24.98. The company has a market cap of $1.46 billion, a P/E ratio of 20.05 and a beta of 0.60. CenterState Banks, Inc. has a one year low of $17.09 and a one year high of $26.94.

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A number of research firms have recently commented on CSFL. BidaskClub raised shares of CenterState Banks from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Stephens set a $29.00 target price on shares of CenterState Banks and gave the stock a “buy” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research raised shares of CenterState Banks from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Friday, July 28th.

In related news, Director Charles W. Mcpherson purchased 3,600 shares of the stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $24.75 per share, for a total transaction of $89,100.00. Following the completion of the acquisition, the director now directly owns 27,144 shares in the company, valued at approximately $671,814. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.65% of the company’s stock.

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.

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

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