Rehmann Capital Advisory Group Purchases 9 Shares of CenterState Banks, Inc. (CSFL)

Rehmann Capital Advisory Group increased its stake in shares of CenterState Banks, Inc. (NASDAQ:CSFL) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,386 shares of the financial services provider’s stock after buying an additional 9 shares during the period. Rehmann Capital Advisory Group’s holdings in CenterState Banks were worth $308,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of CenterState Banks by 20,548.4% in the first quarter. BlackRock Inc. now owns 3,504,246 shares of the financial services provider’s stock valued at $90,760,000 after buying an additional 3,487,275 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of CenterState Banks by 9.3% in the first quarter. Vanguard Group Inc. now owns 2,074,300 shares of the financial services provider’s stock valued at $53,725,000 after buying an additional 176,169 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of CenterState Banks by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,998,123 shares of the financial services provider’s stock valued at $51,752,000 after buying an additional 20,331 shares in the last quarter. State Street Corp boosted its position in shares of CenterState Banks by 20.8% in the first quarter. State Street Corp now owns 1,415,538 shares of the financial services provider’s stock valued at $36,662,000 after buying an additional 243,569 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of CenterState Banks by 66.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,415,244 shares of the financial services provider’s stock valued at $36,655,000 after buying an additional 565,558 shares in the last quarter. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CenterState Banks, Inc. (CSFL) traded down 1.89% during trading on Friday, hitting $23.93. 346,525 shares of the stock traded hands. The company has a market cap of $1.44 billion, a PE ratio of 19.78 and a beta of 0.60. CenterState Banks, Inc. has a 1-year low of $16.68 and a 1-year high of $26.94. The company has a 50 day moving average of $24.93 and a 200-day moving average of $25.00.

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Several brokerages have recently issued reports on CSFL. BidaskClub cut shares of CenterState Banks from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research raised shares of CenterState Banks from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Friday, July 28th.

About CenterState Banks

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.

Institutional Ownership by Quarter for CenterState Banks (NASDAQ:CSFL)

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