Is there a Bearish outlook for CenterState Bank Corporation (NASDAQ:CSFL) this week?

December 7, 2017 - By Vivian Currie

 Is there a Bearish outlook for CenterState Bank Corporation (NASDAQ:CSFL) this week?
Investors sentiment increased to 1.53 in Q2 2017. Its up 0.48, from 1.05 in 2017Q1. It is positive, as 12 investors sold CenterState Bank Corporation shares while 45 reduced holdings. 31 funds opened positions while 56 raised stakes. 41.87 million shares or 7.53% more from 38.94 million shares in 2017Q1 were reported.
Envestnet Asset Management accumulated 33,547 shares or 0% of the stock. Moreover, Jefferies Grp Limited Liability has 0% invested in CenterState Bank Corporation (NASDAQ:CSFL) for 14,061 shares. Brown Advisory Inc holds 0% in CenterState Bank Corporation (NASDAQ:CSFL) or 9,850 shares. Renaissance Tech Limited Liability Company invested 0.02% in CenterState Bank Corporation (NASDAQ:CSFL). Legal And General Gru Public Limited Co stated it has 0% in CenterState Bank Corporation (NASDAQ:CSFL). D E Shaw And Inc accumulated 61,649 shares. State Board Of Administration Of Florida Retirement owns 15,871 shares for 0% of their portfolio. Creative Planning owns 8,086 shares. Oppenheimer Asset Mngmt accumulated 3,424 shares. The North Carolina-based Salem Inv Counselors has invested 0.02% in CenterState Bank Corporation (NASDAQ:CSFL). State Bank Of Montreal Can stated it has 0% in CenterState Bank Corporation (NASDAQ:CSFL). Great West Life Assurance Can owns 5,213 shares. Victory Capital Management holds 0% or 35,750 shares. Maverick Cap has 0.04% invested in CenterState Bank Corporation (NASDAQ:CSFL). Dimensional Fund Advsrs Limited Partnership reported 1.90M shares.

CenterState Bank Corporation (NASDAQ:CSFL) Ratings Coverage

Among 7 analysts covering Centerstate Banks of Florida (NASDAQ:CSFL), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Centerstate Banks of Florida had 15 analyst reports since July 24, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained CenterState Bank Corporation (NASDAQ:CSFL) rating on Tuesday, October 3. Keefe Bruyette & Woods has “Hold” rating and $28.0 target. The stock of CenterState Bank Corporation (NASDAQ:CSFL) earned “Hold” rating by Brean Capital on Friday, December 1. Stephens upgraded CenterState Bank Corporation (NASDAQ:CSFL) on Wednesday, September 28 to “Overweight” rating. As per Monday, October 30, the company rating was maintained by Brean Capital. The firm earned “Hold” rating on Tuesday, August 29 by Brean Capital. The firm has “Mkt Perform” rating given on Thursday, July 23 by Bruyette & Woods”. As per Wednesday, April 27, the company rating was downgraded by FIG Partners. Stephens downgraded it to “Hold” rating and $28.0 target in Tuesday, October 24 report. The rating was maintained by Stephens with “Buy” on Tuesday, July 25. The firm earned “Buy” rating on Monday, August 14 by Stephens. Below is a list of CenterState Bank Corporation (NASDAQ:CSFL) latest ratings and price target changes.

01/12/2017 Broker: Brean Capital Rating: Hold Maintain
30/10/2017 Broker: Brean Capital Rating: Hold Maintain
24/10/2017 Broker: Stephens Rating: Hold New Target: $28.0 Downgrade
23/10/2017 Broker: Brean Capital Rating: Hold Maintain
03/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $28.0 Maintain
29/08/2017 Broker: Brean Capital Rating: Hold Initiate
14/08/2017 Broker: Stephens Rating: Buy New Target: $29.0000 Maintain
25/07/2017 Broker: Stephens Rating: Buy New Target: $29.0000 Maintain

The stock increased 0.52% or $0.14 during the last trading session, reaching $26.87. About 149,836 shares traded. CenterState Bank Corporation (NASDAQ:CSFL) has risen 57.47% since December 7, 2016 and is uptrending. It has outperformed by 40.77% the S&P500.

CenterState Bank Corporation operates as the holding firm for CenterState Bank of Florida, N.A. that provides various consumer and commercial banking services to individuals, businesses, and industries in Florida. The company has market cap of $1.62 billion. The companyÂ’s deposit products include savings, demand, negotiable order of withdrawal, and money market deposit accounts, as well as certificates of deposit and time deposits. It has a 22.21 P/E ratio. It also offers real estate loans to individuals and businesses for the purchase, improvement of, or investment in real estate; construction of single-family residential and commercial units; and development of single-family residential building lots.

More important recent CenterState Bank Corporation (NASDAQ:CSFL) news were published by: Streetinsider.com which released: “Form 8-K CenterState Bank Corp For: Nov 06” on November 06, 2017, also Bizjournals.com published article titled: “Here are the golden parachutes Sunshine Bank execs could get after the …”, Prnewswire.com published: “CenterState Bank Corporation Announces Promotion of Mark W. Thompson to …” on September 25, 2017. More interesting news about CenterState Bank Corporation (NASDAQ:CSFL) was released by: Prnewswire.com and their article: “CenterState Banks, Inc. Announces Acquisitions to become Florida’s Largest …” with publication date: August 14, 2017.

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