12th Street Asset Management Company Lowers stake in CenterState Banks Inc (CSFL)

CenterState Banks Inc (CSFL) : 12th Street Asset Management Company reduced its stake in CenterState Banks Inc by 3.91% during the most recent quarter end. The investment management company now holds a total of 362,396 shares of CenterState Banks Inc which is valued at $6,146,236 after selling 14,753 shares in CenterState Banks Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.CenterState Banks Inc makes up approximately 2.34% of 12th Street Asset Management Company’s portfolio.

Other Hedge Funds, Including , Private Management Group Inc reduced its stake in CSFL by selling 68,712 shares or 5.31% in the most recent quarter. The Hedge Fund company now holds 1,225,008 shares of CSFL which is valued at $20,776,136. CenterState Banks Inc makes up approx 1.33% of Private Management Group Inc’s portfolio. Globeflex Capital L P sold out all of its stake in CSFL during the most recent quarter. The investment firm sold 5,568 shares of CSFL which is valued $94,433. Boston Advisors sold out all of its stake in CSFL during the most recent quarter. The investment firm sold 362,522 shares of CSFL which is valued $6,112,121.Rehmann Capital Advisory Group boosted its stake in CSFL in the latest quarter, The investment management firm added 32 additional shares and now holds a total of 15,720 shares of CenterState Banks Inc which is valued at $265,039. CenterState Banks Inc makes up approx 0.05% of Rehmann Capital Advisory Group’s portfolio.

CenterState Banks Inc opened for trading at $17.5 and hit $17.72 on the upside on Tuesday, eventually ending the session at $17.53, with a gain of 0.06% or 0.01 points. The heightened volatility saw the trading volume jump to 88,504 shares. Company has a market cap of $842 M.

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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