News coverage about CenterState Banks (NASDAQ:CSFL) has trended somewhat positive on Monday, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CenterState Banks earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.0534696702269 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- CenterState Banks, Inc. (CSFL) Downgraded by ValuEngine to “Hold” (americanbankingnews.com)
- Inside the branch strategy of Florida’s largest community bank (bizjournals.com)
- CenterState Banks is Now Oversold (CSFL) (nasdaq.com)
- CenterState Banks, Inc. (CSFL) Director Acquires $44,980.00 in Stock (americanbankingnews.com)
- Stock Buyback Program Approved by CenterState Banks (CSFL) Board of Directors (americanbankingnews.com)
A number of research firms have recently weighed in on CSFL. BidaskClub raised shares of CenterState Banks from a “sell” rating to a “hold” rating in a research report on Sunday, August 6th. Brean Capital began coverage on shares of CenterState Banks in a research report on Tuesday, August 29th. They set a “hold” rating for the company. Zacks Investment Research raised shares of CenterState Banks from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Friday, July 28th. Stephens set a $29.00 price objective on CenterState Banks and gave the stock a “buy” rating in a research note on Monday, August 14th. Finally, ValuEngine cut CenterState Banks from a “buy” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $28.50.
Shares of CenterState Banks (NASDAQ:CSFL) traded up 1.66% during trading on Monday, reaching $23.34. The company had a trading volume of 279,672 shares. CenterState Banks has a 12 month low of $17.09 and a 12 month high of $26.94. The stock has a 50 day moving average price of $24.59 and a 200 day moving average price of $24.91. The firm has a market capitalization of $1.40 billion, a PE ratio of 19.29 and a beta of 0.60.
CenterState Banks announced that its Board of Directors has approved a stock buyback plan on Thursday, September 7th that authorizes the company to repurchase 3,000,000 outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
In other CenterState Banks news, Director David G. Salyers acquired 2,000 shares of CenterState Banks stock in a transaction on Thursday, September 7th. The shares were bought at an average price of $22.49 per share, with a total value of $44,980.00. Following the completion of the purchase, the director now owns 3,000 shares in the company, valued at $67,470. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles W. Mcpherson acquired 3,600 shares of CenterState Banks stock in a transaction on Tuesday, August 15th. The stock was acquired at an average cost of $24.75 per share, for a total transaction of $89,100.00. Following the purchase, the director now owns 27,144 shares of the company’s stock, valued at approximately $671,814. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 6,600 shares of company stock worth $158,070. 3.65% of the stock is owned by insiders.
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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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