CenterState Banks Short Interest Down 29.0% in July (CSFL)
CenterState Banks (NASDAQ:CSFL) saw a large decline in short interest in July. As of July 31st, there was short interest totalling 941,106 shares, a decline of 29.0% from the July 15th total of 1,325,112 shares, AmericanBankingNews.com reports. Currently, 2.2% of the company’s stock are short sold. Based on an average trading volume of 196,091 shares, the days-to-cover ratio is currently 4.8 days.
Several analysts have recently commented on the stock. 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.
CenterState Banks (NASDAQ:CSFL) opened at 10.78 on Friday. CenterState Banks has a 52-week low of $8.87 and a 52-week high of $11.65. The stock has a 50-day moving average of $10.85 and a 200-day moving average of $10.82. The company has a market cap of $485.5 million and a P/E ratio of 50.95.
CenterState Banks, Inc (NASDAQ:CSFL) is a bank holding company, which owns the CenterState Bank of Florida, N.
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