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Wunderlich lifted their target price on shares of Centerstate Banks (NASDAQ:CSFL) from $14.00 to $17.00 in a research note issued on Friday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Wunderlich’s price objective would suggest a potential upside of 54.55% from the company’s current price.

Centerstate Banks (NASDAQ:CSFL) traded down 2.22% during mid-day trading on Friday, hitting $11.00. The stock had a trading volume of 116,872 shares. Centerstate Banks has a 52 week low of $7.38 and a 52 week high of $11.65. The stock has a 50-day moving average of $10.29 and a 200-day moving average of $10.04. The company has a market cap of $331.2 million and a price-to-earnings ratio of 26.72.

Centerstate Banks (NASDAQ:CSFL) last announced its earnings results on Tuesday, January 21st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.03. Analysts expect that Centerstate Banks will post $0.59 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods upgraded shares of Centerstate Banks from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $13.00 price target on the stock, up previously from $11.50. Analysts at Raymond James upgraded shares of Centerstate Banks from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $12.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $13.30.

CenterState Banks, Inc (NASDAQ:CSFL) is a bank holding company, which owns the CenterState Bank of Florida, N.

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