CenterState Banks (CSFL) Earning Somewhat Favorable News Coverage, Report Finds
News headlines about CenterState Banks (NASDAQ:CSFL) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CenterState Banks earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.425839005623 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
CSFL has been the subject of several research analyst reports. Stephens set a $29.00 price objective on shares of CenterState Banks and gave the stock a “buy” rating in a report on Monday, August 14th. 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 report on Friday, July 28th. BidaskClub upgraded shares of CenterState Banks from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Brean Capital initiated coverage on shares of CenterState Banks in a report on Tuesday. They issued a “hold” rating for the company.
Shares of CenterState Banks (NASDAQ CSFL) traded down 0.04% during midday trading on Wednesday, hitting $24.37. 59,758 shares of the stock were exchanged. The firm’s 50-day moving average is $24.88 and its 200-day moving average is $24.98. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 20.14 and a beta of 0.60. CenterState Banks has a 12 month low of $17.09 and a 12 month high of $26.94.
In related news, Director Charles W. Mcpherson purchased 3,600 shares of the stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average cost of $24.75 per share, with a total value of $89,100.00. Following the purchase, the director now directly owns 27,144 shares in the company, valued at approximately $671,814. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.65% of the company’s stock.
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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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