Ronald Blue & Co. LLC continued to hold its stake in shares of CenterState Banks Inc (NASDAQ:CSFL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,980 shares of the financial services provider’s stock at the end of the first quarter. Ronald Blue & Co. LLC’s holdings in CenterState Banks were worth $233,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Channing Capital Management LLC acquired a new stake in shares of CenterState Banks during the first quarter valued at about $31,318,000. Allianz Asset Management AG boosted its stake in shares of CenterState Banks by 559.7% in the fourth quarter. Allianz Asset Management AG now owns 819,307 shares of the financial services provider’s stock valued at $20,622,000 after buying an additional 695,107 shares in the last quarter. Peregrine Capital Management LLC acquired a new stake in shares of CenterState Banks during the first quarter valued at about $8,243,000. Russell Investments Group Ltd. acquired a new stake in shares of CenterState Banks during the fourth quarter valued at about $7,603,000. Finally, Monarch Partners Asset Management LLC boosted its stake in shares of CenterState Banks by 1,372.5% in the first quarter. Monarch Partners Asset Management LLC now owns 292,590 shares of the financial services provider’s stock valued at $7,578,000 after buying an additional 272,720 shares in the last quarter. 65.82% of the stock is owned by institutional investors.
CenterState Banks Inc (NASDAQ:CSFL) traded down 1.01% during mid-day trading on Friday, hitting $24.44. 470,064 shares of the stock traded hands. CenterState Banks Inc has a 12-month low of $14.66 and a 12-month high of $26.94. The firm’s 50-day moving average is $25.09 and its 200-day moving average is $24.38. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 19.03 and a beta of 0.75.
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Separately, Zacks Investment Research cut shares of CenterState Banks from a “buy” rating to a “hold” rating in a research note on Monday, January 30th.
In other news, Director Charles W. Mcpherson purchased 4,000 shares of the stock in a transaction dated Monday, May 1st. The stock was acquired at an average cost of $25.41 per share, for a total transaction of $101,640.00. Following the completion of the acquisition, the director now directly owns 23,544 shares in the company, valued at approximately $598,253.04. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John E. Tranter sold 10,000 shares of CenterState Banks stock in a transaction dated Monday, March 20th. The stock was sold at an average price of $26.39, for a total transaction of $263,900.00. Following the sale, the insider now owns 119,283 shares of the company’s stock, valued at $3,147,878.37. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,877 shares of company stock valued at $1,986,177. 4.42% of the stock is currently owned by company insiders.
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.
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