Insider Buying: CenterState Banks Insider Acquires $18,630 in Stock (CSFL)
CenterState Banks (NASDAQ:CSFL) Insider Daniel E. Bockhorst bought 1,800 shares of the stock in a transaction dated Wednesday, August 27th. The stock was purchased at an average price of $10.35 per share, with a total value of $18,630.00. Following the transaction, the insider now directly owns 22,734 shares in the company, valued at approximately $235,297. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at 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) traded down 0.48% on Thursday, hitting $10.34. The stock had a trading volume of 109,003 shares. 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 $10.65 and a 200-day moving average of $10.81. The company has a market cap of $465.7 million and a P/E ratio of 49.48.
CenterState Banks (NASDAQ:CSFL) last announced its earnings results on Monday, August 18th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.14 by $0.03. On average, analysts predict that CenterState Banks will post $0.35 earnings per share for the current fiscal year.
CenterState Banks, Inc (NASDAQ:CSFL) is a bank holding company, which owns the CenterState Bank of Florida, N.
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