Financial Advisory Group Decreased Centerstate Banks INC (CSFL) Stake as Share Price Declined

March 20, 2018 - By Vivian Currie

Investors sentiment decreased to 1.33 in Q3 2017. Its down 0.20, from 1.53 in 2017Q2. It worsened, as 23 investors sold CSFL shares while 44 reduced holdings. 34 funds opened positions while 55 raised stakes. 44.95 million shares or 7.36% more from 41.87 million shares in 2017Q2 were reported. Eagle Asset Management holds 0.1% or 646,048 shares. 1492 Mgmt Ltd accumulated 94,108 shares or 2.23% of the stock. Barclays Public Lc has 0% invested in CenterState Bank Corporation (NASDAQ:CSFL) for 4,419 shares. Rhumbline Advisers reported 0% stake. Navellier Associate has 18,699 shares for 0.1% of their portfolio. Royal Bankshares Of Canada reported 0% stake. Channing Mngmt Lc invested in 2.21% or 2.20M shares. Pitcairn holds 0.03% or 10,119 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 4,779 shares. Fincl Bank Of America Corporation De reported 279,124 shares or 0% of all its holdings. Nordea Invest Management holds 223,690 shares. Swiss Commercial Bank reported 92,696 shares or 0% of all its holdings. Gardner Russo & Gardner Limited Liability has 8,504 shares for 0% of their portfolio. Voya Management Limited Liability Com holds 0.05% in CenterState Bank Corporation (NASDAQ:CSFL) or 807,901 shares. 314,753 are owned by Tiaa Cref Mgmt Limited.

Since October 30, 2017, it had 0 buys, and 2 selling transactions for $599,477 activity. OAKLEY THOMAS E sold $536,000 worth of CenterState Bank Corporation (NASDAQ:CSFL) on Tuesday, January 30.

Financial Advisory Group decreased its stake in Centerstate Banks Inc (CSFL) by 75.36% based on its latest 2017Q3 regulatory filing with the SEC. Financial Advisory Group sold 11,994 shares as the company’s stock declined 3.63% while stock markets rallied. The institutional investor held 3,922 shares of the finance company at the end of 2017Q3, valued at $997,000, down from 15,916 at the end of the previous reported quarter. Financial Advisory Group who had been investing in Centerstate Banks Inc for a number of months, seems to be less bullish one the $2.33B market cap company. The stock decreased 0.39% or $0.11 during the last trading session, reaching $27.87. About 178,724 shares traded. CenterState Bank Corporation (NASDAQ:CSFL) has risen 57.47% since March 20, 2017 and is uptrending. It has outperformed by 40.77% the S&P500.

Financial Advisory Group, which manages about $294.95 million US Long portfolio, upped its stake in Claymore Exchange Trd Fd Tr (BSCL) by 328,520 shares to 418,918 shares, valued at $21.10M in 2017Q3, according to the filing.

CenterState Bank Corporation (NASDAQ:CSFL) Ratings Coverage

Among 9 analysts covering Centerstate Banks of Florida (NASDAQ:CSFL), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Centerstate Banks of Florida has $32.0 highest and $14.50 lowest target. $25.75’s average target is -7.61% below currents $27.87 stock price. Centerstate Banks of Florida had 23 analyst reports since July 24, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained it with “Hold” rating and $31.0 target in Thursday, December 21 report. Stephens initiated CenterState Bank Corporation (NASDAQ:CSFL) on Thursday, May 26 with “Equal-Weight” rating. On Tuesday, July 25 the stock rating was maintained by Stephens with “Buy”. The company was maintained on Friday, December 1 by Brean Capital. Stephens maintained it with “Buy” rating and $2900 target in Monday, August 14 report. Hovde Group maintained CenterState Bank Corporation (NASDAQ:CSFL) rating on Thursday, February 1. Hovde Group has “Buy” rating and $31.0 target. As per Wednesday, September 28, the company rating was upgraded by Stephens. The firm earned “Buy” rating on Monday, February 5 by Brean Capital. The firm earned “Hold” rating on Monday, October 30 by Brean Capital. The company was upgraded on Wednesday, January 31 by Keefe Bruyette & Woods.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.