Insider Buying: CenterState Banks CEO Acquires 1,000 Shares of Stock (CSFL)
CenterState Banks (NASDAQ:CSFL) CEO Ernest S. Pinner acquired 1,000 shares of the company’s stock on the open market in a transaction dated Tuesday, August 5th. The stock was purchased at an average cost of $10.11 per share, for a total transaction of $10,110.00. Following the completion of the purchase, the chief executive officer now directly owns 67,819 shares of the company’s stock, valued at approximately $685,650. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of CenterState Banks (NASDAQ:CSFL) traded up 0.39% on Thursday, hitting $10.30. 48,967 shares of the company’s stock traded hands. CenterState Banks has a 52 week low of $8.87 and a 52 week high of $11.65. The stock’s 50-day moving average is $10.98 and its 200-day moving average is $10.82. The company has a market cap of $463.7 million and a P/E ratio of 48.86.
CSFL has been the subject of a number of recent research reports. Analysts at Raymond James cut their price target on shares of CenterState Banks from $13.00 to $12.00 in a research note on Monday, July 28th. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of CenterState Banks from $13.00 to $12.50 in a research note on Monday, July 28th. Finally, 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. Three equities research analysts have rated the stock with a buy rating, CenterState Banks presently has a consensus rating of “Buy” and a consensus price target of $13.48.
CenterState Banks, Inc (NASDAQ:CSFL) is a bank holding company, which owns the CenterState Bank of Florida, N.
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