Wunderlich Maintains Hold on CenterState Banks
Wunderlich is out with its report today on CenterState Banks (NASDAQ: CSFL), maintaining Hold.
In its report, Wunderlich writes, "We maintain our Hold rating on shares of CenterState Banks as well as our $7 price target after CSFL reported a 3Q11 operating loss per share of $0.06 that bested consensus by $0.07. CenterState remains well capitalized, with above-average long-term growth potential in demographically favorable Florida markets that are target-rich with acquisition opportunities."
At the time of posting, shares of CSFL were trading at $5.19, up 1.37% from Tuesday's close.
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