Geode Capital Management LLC raised its position in CenterState Banks, Inc. (NASDAQ:CSFL) by 7.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 449,053 shares of the financial services provider’s stock after buying an additional 31,702 shares during the period. Geode Capital Management LLC owned about 0.88% of CenterState Banks worth $11,630,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in CSFL. State Street Corp boosted its position in shares of CenterState Banks by 19.2% in the fourth quarter. State Street Corp now owns 1,171,969 shares of the financial services provider’s stock worth $29,501,000 after buying an additional 188,467 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of CenterState Banks during the fourth quarter worth about $721,000. USA Financial Portformulas Corp acquired a new position in shares of CenterState Banks during the fourth quarter worth about $537,000. Teachers Advisors LLC boosted its position in shares of CenterState Banks by 32.4% in the fourth quarter. Teachers Advisors LLC now owns 151,169 shares of the financial services provider’s stock worth $3,805,000 after buying an additional 36,967 shares during the last quarter. Finally, Peregrine Capital Management LLC acquired a new position in shares of CenterState Banks during the first quarter worth about $8,243,000. Institutional investors own 68.42% of the company’s stock.
Shares of CenterState Banks, Inc. (CSFL) opened at 23.93 on Friday. The company has a 50-day moving average of $24.93 and a 200-day moving average of $25.00. The stock has a market capitalization of $1.44 billion, a P/E ratio of 19.78 and a beta of 0.60. CenterState Banks, Inc. has a 12-month low of $16.96 and a 12-month high of $26.94.
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A number of equities analysts have issued reports on CSFL shares. Zacks Investment Research cut shares of CenterState Banks from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. BidaskClub upgraded shares of CenterState Banks from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th.
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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