Centerstate Banks (CSFL) Gets a Buy Rating from Stephens

By Ryan Adsit

In a report released today, Tyler Stafford from Stephens maintained a Buy rating on Centerstate Banks (CSFLResearch Report), with a price target of $30. The company’s shares closed yesterday at $23.85.

Stafford wrote:

“We maintain our Overweight rating and continue to view the stock as our Best Idea for 2019.”

According to TipRanks.com, Stafford is a 4-star analyst with an average return of 4.3% and a 51.6% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.

Currently, the analyst consensus on Centerstate Banks is a Strong Buy with an average price target of $28.50, representing a 19.5% upside. In a report issued on March 15, Brean Capital also reiterated a Buy rating on the stock.

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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 560.5K.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is neutral on the stock.

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CenterState Bank Corp. operates as a bank holding company. It operates through following segments: Commercial and Retail Banking; Correspondent Banking and Capital Market; and Corporate Overhead and Administration. The Commercial and Retail Banking segment provides traditional deposit and lending products and services to its commercial and retail customers.