Seacoast Banking Corporation of Florida (NASDAQ:SBCF) CEO Dennis S. Hudson III sold 8,000 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $24.39, for a total value of $195,120.00. Following the transaction, the chief executive officer now owns 19,247 shares in the company, valued at $469,434.33. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Seacoast Banking Corporation of Florida (SBCF) traded up $0.15 on Friday, reaching $24.17. The company had a trading volume of 287,374 shares, compared to its average volume of 284,380. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.81. Seacoast Banking Corporation of Florida has a fifty-two week low of $17.69 and a fifty-two week high of $25.88. The company has a market cap of $1,060.00, a price-to-earnings ratio of 20.15 and a beta of 0.77.

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

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Several equities analysts have recently commented on SBCF shares. FBR & Co reiterated a “buy” rating and set a $27.00 price objective on shares of Seacoast Banking Corporation of Florida in a research report on Tuesday, September 5th. Zacks Investment Research lowered Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Finally, BidaskClub lowered Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $24.67.

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

About Seacoast Banking Corporation of Florida

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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