After Stephens and Raymond James gave Centerstate Banks (NASDAQ: CSFL) a Buy rating last month, the company received another Buy, this time from Brean Capital. Analyst Blair Brantley reiterated a Buy rating on Centerstate Banks today. The company’s shares opened today at $24.02.
According to TipRanks.com, Brantley has currently no stars on a ranking scale of 0-5 stars, with an average return of -4.0% and a 27.6% success rate. Brantley covers the Financial sector, focusing on stocks such as Carolina Financial Corporation, Community Bankers Trust Corp, and Patriot National Bancorp Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Centerstate Banks with a $29.50 average price target, which is a 22.8% upside from current levels. In a report issued on January 24, Raymond James also maintained a Buy rating on the stock with a $27 price target.
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Based on Centerstate Banks’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $50.65 million. In comparison, last year the company had a net profit of $1.91 million.
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.
