In a report released yesterday, Blair Brantley from Brean Capital reiterated a Buy rating on Centerstate Banks (CSFL). The company’s shares closed yesterday at $22.83.
According to TipRanks.com, Brantley has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.8% and a 19.3% success rate. Brantley covers the Financial sector, focusing on stocks such as Carolina Financial Corporation, Patriot National Bancorp Inc, and Union Bankshares Corporation.
Centerstate Banks has an analyst consensus of Strong Buy, with a price target consensus of $29.25, which is a 28.1% upside from current levels. In a report issued on January 7, Raymond James also upgraded the stock to Buy with a $26 price target.
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The company has a one-year high of $32.27 and a one-year low of $19.55. Currently, Centerstate Banks has an average volume of 568.3K.
Based on the recent corporate insider activity of 47 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.
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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.
