Brean Capital Sticks to Their Buy Rating for Centerstate Banks (CSFL)

By Jason Carr

In a report released today, Blair Brantley from Brean Capital reiterated a Buy rating on Centerstate Banks (CSFLResearch Report). The company’s shares opened today at $23.75.

According to TipRanks.com, Brantley ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.7% and a 25.0% success rate. Brantley covers the Financial sector, focusing on stocks such as Carolina Financial Corporation, Patriot National Bancorp Inc, and Community Bankers Trust Corp.

Currently, the analyst consensus on Centerstate Banks is a Strong Buy with an average price target of $29.25, which is a 23.2% 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 575.3K.

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.

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.