Short Interest Don’t Lie: Is Centerstate Banks Incorporated (NASDAQ:CSFL)’s Fuel Running High? Reports Show Less Sellers

November 30, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Don't Lie: Is Centerstate Banks Incorporated (NASDAQ:CSFL)’s Fuel Running High? Reports Show Less Sellers

The stock of Centerstate Banks Incorporated (NASDAQ:CSFL) registered a decrease of 2.55% in short interest. CSFL’s total short interest was 699,500 shares in November as published by FINRA. Its down 2.55% from 717,800 shares, reported previously. With 194,500 shares average volume, it will take short sellers 4 days to cover their CSFL’s short positions. About 64,772 shares traded hands. CenterState Banks Inc (NASDAQ:CSFL) has risen 38.64% since April 27, 2016 and is uptrending. It has outperformed by 33.42% the S&P500.

CenterState Banks, Inc. is a bank holding company, which owns CenterState Bank of Florida, N.A. (CSB or the Bank) and a non-bank subsidiary, R4ALL, Inc. (R4ALL). The company has a market cap of $1.09 billion. The Company’s basic services include demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, time deposits, safe deposit services, cash management, direct deposits, notary services, money orders, night depository, travelers’ checks, cashier’s checks, domestic collections, savings bonds, bank drafts, automated teller services, drive-in tellers, and banking by mail and by Internet. It has a 29.48 P/E ratio. In addition, the Company offers residential and commercial real estate loans, secured and unsecured commercial loans and consumer loans.

Insitutional Activity: The institutional sentiment increased to 1.43 in 2016 Q2. Its up 0.32, from 1.11 in 2016Q1. The ratio increased, as 11 funds sold all CenterState Banks Inc shares owned while 44 reduced positions. 14 funds bought stakes while 47 increased positions. They now own 33.35 million shares or 3.47% less from 34.55 million shares in 2016Q1.
Fisher Asset Management Ltd Liability Company last reported 117,589 shares in the company. Moreover, Seizert Llc has 0.11% invested in CenterState Banks Inc (NASDAQ:CSFL) for 176,430 shares. The New York-based Teachers Advsr Inc has invested 0% in CenterState Banks Inc (NASDAQ:CSFL). Moreover, Great West Life Assurance Company Can has 0% invested in CenterState Banks Inc (NASDAQ:CSFL) for 10,400 shares. Eagle Asset Mgmt Inc last reported 373,251 shares in the company. Barclays Public Ltd last reported 28,200 shares in the company. Moreover, Goldman Sachs Group Incorporated has 0% invested in CenterState Banks Inc (NASDAQ:CSFL) for 635,621 shares. Menta Capital Llc holds 0.13% of its portfolio in CenterState Banks Inc (NASDAQ:CSFL) for 59,276 shares. Cutter & Brokerage Inc has 0.33% invested in the company for 49,100 shares. Renaissance reported 505,700 shares or 0.02% of all its holdings. Jacobus Wealth Management Incorporated has 1.85% invested in the company for 384,441 shares. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 0% of its portfolio in the stock. Gardner Russo & Gardner Limited Liability Corp last reported 10,004 shares in the company. Nordea Invest Management Ab has 41,529 shares for 0% of their US portfolio. Deutsche State Bank Ag holds 0% of its portfolio in CenterState Banks Inc (NASDAQ:CSFL) for 10,596 shares.

CenterState Banks Inc (NASDAQ:CSFL) Ratings Coverage

Out of 5 analysts covering Centerstate Banks of Florida (NASDAQ:CSFL), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Centerstate Banks of Florida has been the topic of 7 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Wednesday, April 27 by FIG Partners. The stock of CenterState Banks Inc (NASDAQ:CSFL) earned “Mkt Perform” rating by Bruyette & Woods” on Thursday, July 23. Stephens upgraded the shares of CSFL in a report on Wednesday, September 28 to “Overweight” rating. Stephens initiated the shares of CSFL in a report on Thursday, May 26 with “Equal-Weight” rating. The company was downgraded on Friday, July 24 by Wood.

CSFL Company Profile

CenterState Banks, Inc. (CSFL), incorporated on September 20, 1999, is a bank holding company, which owns CenterState Bank of Florida, N.A. (CSB or the Bank) and a non-bank subsidiary, R4ALL, Inc. (R4ALL). The Company’s basic services include demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, time deposits, safe deposit services, cash management, direct deposits, notary services, money orders, night depository, travelers’ checks, cashier’s checks, domestic collections, savings bonds, bank drafts, automated teller services, drive-in tellers, and banking by mail and by Internet. In addition, the Company offers residential and commercial real estate loans, secured and unsecured commercial loans and consumer loans. The Firm also provides automated teller machine (ATM) cards and offers Internet banking services to its customers. It also offers trust services to clients throughout its existing markets in Florida.

More recent CenterState Banks Inc (NASDAQ:CSFL) news were published by: Bizjournals.com which released: “CenterState buys Brandon bank” on October 18, 2016. Also Finance.Yahoo.com published the news titled: “CenterState Banks (CSFL): Strong Industry, Solid Earnings Estimate Revisions” on November 10, 2016. Bizjournals.com‘s news article titled: “CenterState Banks looks to South Florida for latest acquisition” with publication date: October 05, 2015 was also an interesting one.

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By Marie Mckinney


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