Jacobus Wealth Management buys $6.1 Million stake in CenterState Banks Inc (CSFL)

CenterState Banks Inc (CSFL) : Jacobus Wealth Management scooped up 90 additional shares in CenterState Banks Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 23, 2016. The investment management firm now holds a total of 387,833 shares of CenterState Banks Inc which is valued at $6.1 Million.CenterState Banks Inc makes up approximately 1.73% of Jacobus Wealth Management’s portfolio.

Other Hedge Funds, Including , Oberweis Asset Management Inc boosted its stake in CSFL in the latest quarter, The investment management firm added 4,900 additional shares and now holds a total of 25,900 shares of CenterState Banks Inc which is valued at $403,522. CenterState Banks Inc makes up approx 0.12% of Oberweis Asset Management Inc’s portfolio.Rothschild Asset Management Inc boosted its stake in CSFL in the latest quarter, The investment management firm added 100,330 additional shares and now holds a total of 234,265 shares of CenterState Banks Inc which is valued at $3.6 Million. CenterState Banks Inc makes up approx 0.07% of Rothschild Asset Management Inc’s portfolio.Dimensional Fund Advisors Lp boosted its stake in CSFL in the latest quarter, The investment management firm added 178,504 additional shares and now holds a total of 1,633,944 shares of CenterState Banks Inc which is valued at $24.8 Million. CenterState Banks Inc makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio.1492 Capital Management reduced its stake in CSFL by selling 24,371 shares or 8.56% in the most recent quarter. The Hedge Fund company now holds 260,329 shares of CSFL which is valued at $4 Million. CenterState Banks Inc makes up approx 3.40% of 1492 Capital Management’s portfolio.Blackrock Fund Advisors reduced its stake in CSFL by selling 27,456 shares or 2.32% in the most recent quarter. The Hedge Fund company now holds 1,158,376 shares of CSFL which is valued at $17.6 Million.

CenterState Banks Inc opened for trading at $15.77 and hit $15.855 on the upside on Friday, eventually ending the session at $15.8, with a gain of 0.25% or 0.04 points. The heightened volatility saw the trading volume jump to 2,90,956 shares. Company has a market cap of $758 M.

Many Wall Street Analysts have commented on CenterState Banks Inc. CenterState Banks Inc was Downgraded by FIG Partners to ” Market Perform” on Apr 27, 2016.

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. It also offers residential and commercial real estate loans secured and unsecured commercial loans and consumer loans. It also provides automated teller machine cards and offers Internet banking services. It also offers trust services and also has a wealth management division that offers other financial products including mutual funds annuities and other products.

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