Seacoast Banking Corporation of Florida (NASDAQ:SBCF) CEO Dennis S. Hudson III sold 2,300 shares of Seacoast Banking Corporation of Florida stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $24.22, for a total value of $55,706.00. Following the completion of the transaction, the chief executive officer now owns 19,247 shares in the company, valued at approximately $466,162.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Seacoast Banking Corporation of Florida (NASDAQ SBCF) traded up $0.15 during mid-day trading on Friday, hitting $24.17. 287,700 shares of the stock were exchanged, compared to its average volume of 284,381. Seacoast Banking Corporation of Florida has a twelve month low of $17.69 and a twelve month high of $25.88. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $1,045.16, a P/E ratio of 20.02 and a beta of 0.77.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $57.10 million for the quarter, compared to analyst estimates of $57.55 million. Seacoast Banking Corporation of Florida had a return on equity of 9.78% and a net margin of 18.48%. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. research analysts forecast that Seacoast Banking Corporation of Florida will post 1.24 EPS for the current fiscal year.

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A number of brokerages recently issued reports on SBCF. Zacks Investment Research downgraded Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. FBR & Co restated a “buy” rating on shares of Seacoast Banking Corporation of Florida in a research report on Friday, October 27th. Finally, BidaskClub downgraded Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $24.67.

Several hedge funds have recently modified their holdings of SBCF. US Bancorp DE grew its stake in shares of Seacoast Banking Corporation of Florida by 0.5% during the second quarter. US Bancorp DE now owns 4,157 shares of the financial services provider’s stock valued at $100,000 after buying an additional 20 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Seacoast Banking Corporation of Florida by 3,190.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,278 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 4,148 shares during the period. SG Americas Securities LLC bought a new stake in shares of Seacoast Banking Corporation of Florida during the 3rd quarter valued at $211,000. Legal & General Group Plc grew its position in shares of Seacoast Banking Corporation of Florida by 38.1% during the 2nd quarter. Legal & General Group Plc now owns 10,015 shares of the financial services provider’s stock valued at $242,000 after acquiring an additional 2,761 shares during the period. Finally, Palisades Hudson Asset Management L.P. purchased a new stake in Seacoast Banking Corporation of Florida in the 2nd quarter worth $250,000. Institutional investors own 77.52% of the company’s stock.

Seacoast Banking Corporation of Florida Company Profile

Seacoast Banking Corporation of Florida is a bank holding company. The Company’s principal subsidiary is Seacoast National Bank, a national banking association (the Bank). The Company and its subsidiaries offer an array of deposit accounts and retail banking services, engage in consumer and commercial lending and provide a range of trust and asset management services, as well as securities and annuity products to its customers.

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