Centerstate Banks (CSFL) Received its Third Buy in a Row

After Brean Capital and Sandler O’Neill gave Centerstate Banks (NASDAQ: CSFL) a Buy rating last month, the company received another Buy, this time from Stephens. Analyst Tyler Stafford assigned a Buy rating to Centerstate Banks today and set a price target of $30. The company’s shares closed yesterday at $24.84.

According to, Stafford is a 4-star analyst with an average return of 6.8% and a 53.8% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.

Centerstate Banks has an analyst consensus of Strong Buy, with a price target consensus of $30.20, implying a 21.6% upside from current levels. In a report issued on November 27, Sandler O’Neill also upgraded the stock to Buy with a $29 price target.


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Based on Centerstate Banks’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $37.96 million. In comparison, last year the company had a net profit of $22 million.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock.

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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.

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