Peregrine Capital Management LLC Acquires 6,727 Shares of CenterState Banks, Inc. (NASDAQ:CSFL)

Peregrine Capital Management LLC raised its position in CenterState Banks, Inc. (NASDAQ:CSFL) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 335,664 shares of the financial services provider’s stock after buying an additional 6,727 shares during the period. Peregrine Capital Management LLC owned about 0.61% of CenterState Banks worth $8,345,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions 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 worth $90,760,000 after buying an additional 3,487,275 shares during the last quarter. Vanguard Group Inc. raised its position in 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 worth $53,725,000 after buying an additional 176,169 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 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 worth $51,752,000 after buying an additional 20,331 shares in the last quarter. State Street Corp raised its position in 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 worth $36,662,000 after buying an additional 243,569 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in 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 worth $36,655,000 after buying an additional 565,558 shares in the last quarter. Institutional investors own 69.07% of the company’s stock.

CenterState Banks, Inc. (NASDAQ CSFL) traded up 0.66% during trading on Friday, hitting $24.26. 167,104 shares of the stock were exchanged. The stock’s 50-day moving average price is $24.94 and its 200-day moving average price is $24.98. The firm has a market cap of $1.46 billion, a PE ratio of 20.05 and a beta of 0.60. CenterState Banks, Inc. has a 12-month low of $17.09 and a 12-month high of $26.94.

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CSFL has been the subject of a number of analyst reports. Zacks Investment Research raised shares of CenterState Banks from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, June 8th. Stephens set a $29.00 price objective on shares of CenterState Banks and gave the company a “buy” rating in a research report on Monday. Finally, BidaskClub lowered shares of CenterState Banks from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th.

In other CenterState Banks news, Director Charles W. Mcpherson acquired 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average price of $24.75 per share, with a total value of $89,100.00. Following the completion of the transaction, the director now owns 27,144 shares in the company, valued at $671,814. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 3.65% of the stock is currently owned by company insiders.

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.

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

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