CenterState Banks, Inc. (NASDAQ:CSFL) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Zacks Investment Research upgraded shares of CenterState Banks from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Friday, July 28th.

CenterState Banks (CSFL) traded down 1.89% during trading on Friday, reaching $23.93. 346,525 shares of the company were exchanged. CenterState Banks has a one year low of $16.96 and a one year high of $26.94. The company has a market capitalization of $1.44 billion, a P/E ratio of 19.78 and a beta of 0.60. The firm’s 50-day moving average is $24.93 and its 200 day moving average is $25.00.

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A number of large investors have recently made changes to their positions in CSFL. Ronald Blue & Co. LLC raised its stake in shares of CenterState Banks by 0.3% in the second quarter. Ronald Blue & Co. LLC now owns 9,008 shares of the financial services provider’s stock valued at $223,000 after buying an additional 28 shares during the last quarter. Alps Advisors Inc. raised its stake in shares of CenterState Banks by 0.3% in the second quarter. Alps Advisors Inc. now owns 18,618 shares of the financial services provider’s stock valued at $463,000 after buying an additional 48 shares during the last quarter. Advisor Group Inc. raised its stake in shares of CenterState Banks by 2.9% in the second quarter. Advisor Group Inc. now owns 4,016 shares of the financial services provider’s stock valued at $100,000 after buying an additional 115 shares during the last quarter. Legal & General Group Plc raised its stake in shares of CenterState Banks by 1.6% in the first quarter. Legal & General Group Plc now owns 11,971 shares of the financial services provider’s stock valued at $309,000 after buying an additional 192 shares during the last quarter. Finally, Creative Planning raised its stake in shares of CenterState Banks by 2.8% in the second quarter. Creative Planning now owns 8,086 shares of the financial services provider’s stock valued at $201,000 after buying an additional 218 shares during the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.

CenterState Banks Company Profile

CenterState Banks, Inc is a financial holding company, which owns CenterState Bank of Florida, N.A. (CenterState Bank or the Bank). The Company provides a range of consumer and commercial banking services to individuals, businesses and industries. The Company’s segments include commercial and retail banking, correspondent banking and capital markets division, and corporate overhead and administration.

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