Seacoast Banking Co. of Florida (NASDAQ:SBCF) Director Thomas E. Rossin Sells 1,800 Shares

Seacoast Banking Co. of Florida (NASDAQ:SBCF) Director Thomas E. Rossin sold 1,800 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $28.14, for a total value of $50,652.00. Following the sale, the director now directly owns 8,067 shares in the company, valued at approximately $227,005.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SBCF opened at $27.76 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.39. The firm has a market cap of $1.45 billion, a P/E ratio of 13.90 and a beta of 0.99. Seacoast Banking Co. of Florida has a 52 week low of $22.35 and a 52 week high of $31.42. The business’s fifty day simple moving average is $29.15 and its 200 day simple moving average is $27.44.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last issued its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. Seacoast Banking Co. of Florida had a return on equity of 11.08% and a net margin of 28.49%. The firm had revenue of $78.14 million for the quarter, compared to analyst estimates of $75.32 million. As a group, equities analysts expect that Seacoast Banking Co. of Florida will post 1.97 EPS for the current fiscal year.

A number of analysts recently commented on the company. B. Riley lowered Seacoast Banking Co. of Florida from a “buy” rating to a “neutral” rating in a research note on Monday, February 3rd. Zacks Investment Research lowered Seacoast Banking Co. of Florida from a “buy” rating to a “hold” rating in a research note on Thursday, January 30th. BidaskClub lowered Seacoast Banking Co. of Florida from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 1st. Finally, ValuEngine raised Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $30.13.

A number of large investors have recently modified their holdings of SBCF. First Trust Advisors LP raised its holdings in shares of Seacoast Banking Co. of Florida by 4.8% during the 1st quarter. First Trust Advisors LP now owns 125,697 shares of the financial services provider’s stock valued at $3,312,000 after buying an additional 5,739 shares during the period. Morgan Stanley raised its stake in shares of Seacoast Banking Co. of Florida by 508.7% in the 2nd quarter. Morgan Stanley now owns 241,044 shares of the financial services provider’s stock worth $6,132,000 after buying an additional 201,441 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Seacoast Banking Co. of Florida in the 2nd quarter worth $4,652,000. Royal Bank of Canada raised its stake in shares of Seacoast Banking Co. of Florida by 226.8% in the 2nd quarter. Royal Bank of Canada now owns 1,523 shares of the financial services provider’s stock worth $39,000 after buying an additional 1,057 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Seacoast Banking Co. of Florida by 6.1% in the 3rd quarter. Rhumbline Advisers now owns 159,091 shares of the financial services provider’s stock worth $4,027,000 after buying an additional 9,170 shares in the last quarter. 82.51% of the stock is currently owned by hedge funds and other institutional investors.

Seacoast Banking Co. of Florida Company Profile

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to retail and commercial customers in Florida. The company offers commercial and retail banking, wealth management, and treasury management services, as well as home mortgage products; and brokerage and annuity services.

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