Centerstate Banks of Florida (NASDAQ:CSFL), a company whose shares are moving quickly, is trading 1.6% lower to $8.01. The Dow is trading fractionally lower to 12,965 and the S&P is currently trading fractionally lower to 1,406.
Over the past year, Centerstate Banks of Florida has traded in a range of $5.44 to $9.22 and is now at $8.01, 47% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.
Centerstate Banks of Florida, Inc. is a multi-bank holding company for First National Bank of Osceola County, Community National Bank of Pasco County, First National Bank of Polk County, and CenterState Bank of Florida. The Banks provide traditional deposit and lending products and services to their commercial and retail customers located in Florida.
Potential upside of 12.4% exists for Centerstate Banks of Florida, based on a current level of $8.01 and analysts' average consensus price target of $9.00. The stock should find resistance at its 50-day moving average (MA) of $8.39, as well as support at its 200-day MA of $7.83.