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Stephens upgraded Centerstate Banks of Florida (NASDAQ:CSFL) from Equal-weight to Overweight in a statement released earlier today.

Stephens has upgraded Centerstate Banks of Florida (NASDAQ:CSFL) from Equal-weight to Overweight in a statement released on 09/28/2016.

Yesterday Centerstate Banks of Florida (NASDAQ:CSFL) traded 0.63% higher at $17.98. The company’s 50-day moving average is $17.67 and its 200-day moving average is $16.17. The last closing price is up 8.69% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 328,625 shares of the stock traded hands, up from an average trading volume of 149,214

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Centerstate Banks of Florida (NASDAQ:CSFL)

Centerstate Banks of Florida has a price-earnings ratio of 26.40 with a one year low of $12.57 and a one year high of $18.27 The company’s market cap is currently $0.

In addition to Stephens reporting its target price, a total of 4 firms have reported on the stock. The consensus target price is $17.13 with 1 firm rating the stock a strong buy, 2 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Centerstate Banks of Florida (NASDAQ:CSFL)

CenterState Banks, Inc. (CSFL) 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 Company also provides automated teller machine (ATM) cards and offers Internet banking services to its customers. The Company also has a wealth management division that offers other financial products to its customers, including mutual funds, annuities and other products.

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