Maltese Capital Management LLC Purchases 23,500 Shares of Seacoast Banking Corporation of Florida (SBCF)

Maltese Capital Management LLC boosted its position in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 470,000 shares of the financial services provider’s stock after purchasing an additional 23,500 shares during the quarter. Seacoast Banking Corporation of Florida comprises 1.0% of Maltese Capital Management LLC’s holdings, making the stock its 29th biggest position. Maltese Capital Management LLC owned approximately 1.08% of Seacoast Banking Corporation of Florida worth $11,228,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SBCF. US Bancorp DE lifted its position in Seacoast Banking Corporation of Florida by 0.5% in the 2nd quarter. US Bancorp DE now owns 4,157 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 20 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Seacoast Banking Corporation of Florida by 3,190.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,278 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 4,148 shares during the last quarter. Magnetar Financial LLC bought a new stake in Seacoast Banking Corporation of Florida in the 3rd quarter valued at about $203,000. SG Americas Securities LLC bought a new stake in Seacoast Banking Corporation of Florida in the 3rd quarter valued at about $211,000. Finally, Legal & General Group Plc increased its stake 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 valued at $242,000 after buying an additional 2,761 shares during the period. Hedge funds and other institutional investors own 79.81% of the company’s stock.

Several equities analysts have commented on SBCF shares. Zacks Investment Research cut shares of Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. FBR & Co reissued a “buy” rating on shares of Seacoast Banking Corporation of Florida in a research note on Friday, October 27th. Finally, BidaskClub cut shares of Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Seacoast Banking Corporation of Florida has a consensus rating of “Hold” and an average target price of $26.00.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) opened at $25.96 on Thursday. The company has a market cap of $1,127.84, a PE ratio of 21.60 and a beta of 0.77. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.82 and a current ratio of 0.83. Seacoast Banking Corporation of Florida has a 52 week low of $20.58 and a 52 week high of $27.13.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $57.10 million for the quarter, compared to analysts’ expectations of $57.55 million. Seacoast Banking Corporation of Florida had a net margin of 18.48% and a return on equity of 9.37%. Seacoast Banking Corporation of Florida’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS. equities research analysts forecast that Seacoast Banking Corporation of Florida will post 1.24 earnings per share for the current year.

In other Seacoast Banking Corporation of Florida news, CEO Dennis S. Hudson III sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $24.39, for a total transaction of $195,120.00. Following the transaction, the chief executive officer now owns 19,247 shares of the company’s stock, valued at approximately $469,434.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Dennis S. Hudson III sold 2,300 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $24.22, for a total transaction of $55,706.00. Following the transaction, the chief executive officer now directly owns 19,247 shares in the company, valued at approximately $466,162.34. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Maltese Capital Management LLC Purchases 23,500 Shares of Seacoast Banking Corporation of Florida (SBCF)” was originally reported by Stock Observer and is the sole property of of Stock Observer. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.thestockobserver.com/2017/12/07/maltese-capital-management-llc-purchases-23500-shares-of-seacoast-banking-corporation-of-florida-sbcf.html.

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.

Want to see what other hedge funds are holding SBCF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seacoast Banking Corporation of Florida (NASDAQ:SBCF).

Institutional Ownership by Quarter for Seacoast Banking Corporation of Florida (NASDAQ:SBCF)

Receive News & Ratings for Seacoast Banking Corporation of Florida Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seacoast Banking Corporation of Florida and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply