Centerstate Banks Sees Significant Growth in Short Interest (CSFL)
Centerstate Banks (NASDAQ:CSFL) was the target of a significant increase in short interest in June. As of June 13th, there was short interest totalling 1,661,436 shares, an increase of 31.9% from the May 30th total of 1,259,212 shares, Analyst Ratings News reports. Approximately 4.9% of the shares of the stock are sold short. Based on an average daily volume of 189,356 shares, the short-interest ratio is currently 8.8 days.
A number of research firms have recently commented on CSFL. Analysts at Zacks upgraded shares of Centerstate Banks from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 24th. They now have a $12.40 price target on the stock. Analysts at Sterne Agee initiated coverage on shares of Centerstate Banks in a research note on Tuesday, June 10th. They set a “buy” rating and a $13.50 price target on the stock. Five investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $13.58.
Centerstate Banks (NASDAQ:CSFL) opened at 11.24 on Thursday. Centerstate Banks has a 1-year low of $8.87 and a 1-year high of $11.65. The stock has a 50-day moving average of $10.9 and a 200-day moving average of $10.72. The company has a market cap of $399.5 million and a price-to-earnings ratio of 40.75.
CenterState Banks, Inc (NASDAQ:CSFL) is a bank holding company, which owns the CenterState Bank of Florida, N.
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