Wunderlich Maintains Hold on CenterState Banks

Wunderlich is out with its report today on CenterState Banks 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.