CenterState Banks CEO Purchases $10,110 in Stock (CSFL)
CenterState Banks (NASDAQ:CSFL) CEO Ernest S. Pinner purchased 1,000 shares of CenterState Banks stock on the open market in a transaction dated Tuesday, August 5th. The stock was purchased at an average price of $10.11 per share, with a total value of $10,110.00. Following the completion of the transaction, 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 document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CSFL shares. 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 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.
Shares of CenterState Banks (NASDAQ:CSFL) opened at 10.25 on Friday. 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 $10.96 and its 200-day moving average is $10.81. The company has a market cap of $461.5 million and a price-to-earnings ratio of 48.86.
CenterState Banks, Inc (NASDAQ:CSFL) is a bank holding company, which owns the CenterState Bank of Florida, N.
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