Brean Capital analyst Blair Brantley reiterated a Buy rating on Centerstate Banks (NASDAQ: CSFL) on May 11. The company’s shares opened today at $30.82, close to its 52-week high of $31.22.
According to TipRanks.com, Brantley is a 4-star analyst with an average return of 7.6% and a 82.5% success rate. Brantley covers the Financial sector, focusing on stocks such as Union First Market Bankshares Corp, Carolina Financial Corporation, and Patriot National Bancorp Inc.
Currently, the analyst consensus on Centerstate Banks is Strong Buy and the average price target is $32.50, representing a 5.5% upside.
In a report issued on May 2, Sandler O’Neill also initiated coverage with a Buy rating on the stock with a $33 price target.
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Centerstate Banks’ market cap is currently $2.6B and has a P/E ratio of 28.80. The company has a Price to Book ratio of 1.70.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CSFL in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
CenterState Bank Corp. operates as a bank holding company. It operates through two divisions: Commercial and Retail Banking, and Correspondent Banking and Capital Market. The Commercial and Retail Banking division provides traditional deposit and lending products and services to its commercial and retail customers.
