Insiders Seeing Green With CSFL At New 52-Week High

In trading on Friday, shares of CenterState Bank Corp (Symbol: CSFL) touched a new 52-week high of $27.02/share. That’s a 58.10% rise, or $9.93 per share from the 52-week low of $17.09 set back on 10/03/2016. That means at today’s intraday high, any investor who purchased CSFL stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, CSFL has seen 2 different instances of insiders buying over the trailing six month period.

The chart below shows where CSFL has traded over the past year, with the 50-day and 200-day moving averages included.

CenterState Bank Corp Moving Averages Chart

In afternoon trading on Friday, CSFL shares are changing hands at $26.87/share, slightly below the new 52-week high.

Ten Bargains You Can Buy Cheaper Than The Insiders Did »


comments powered by Disqus