Insider Buying: CenterState Banks Insider Buys 1,800 Shares of Stock (CSFL)
CenterState Banks (NASDAQ:CSFL) Insider Daniel E. Bockhorst acquired 1,800 shares of CenterState Banks stock on the open market in a transaction dated Wednesday, August 27th. The shares were 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 of the company’s stock, valued at approximately $235,297. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of CenterState Banks (NASDAQ:CSFL) traded down 0.48% during mid-day trading on Thursday, hitting $10.34. The stock had a trading volume of 108,148 shares. CenterState Banks has a one year low of $8.87 and a one year high of $11.65. The stock’s 50-day moving average is $10.65 and its 200-day moving average is $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 released its earnings data on Monday, August 18th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.14 by $0.03. Analysts expect that CenterState Banks will post $0.35 EPS for the current fiscal year.
A number of research firms have recently commented on CSFL. 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, Inc (NASDAQ:CSFL) is a bank holding company, which owns the CenterState Bank of Florida, N.
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