Seacoast Banking Corporation of Florida (SBCF) on Focus After Raising In Today’s Session

February 15, 2018 - By Hazel Jackson

Investors sentiment decreased to 1.6 in Q3 2017. Its down 0.57, from 2.17 in 2017Q2. It worsened, as 13 investors sold Seacoast Banking Corporation of Florida shares while 29 reduced holdings. 22 funds opened positions while 45 raised stakes. 33.14 million shares or 2.65% more from 32.28 million shares in 2017Q2 were reported.
Oppenheimer Asset Mngmt has 0% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Goldman Sachs Grp Inc Inc accumulated 110,580 shares or 0% of the stock. Sg Americas Ltd reported 0% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Great West Life Assurance Communications Can reported 5,040 shares. Moreover, Magnetar Limited Liability Company has 0% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 8,494 shares. Franklin Resources invested in 56,231 shares. 59,100 are held by Swiss Bank & Trust. Highlander Cap Limited Com has 0.6% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). State Of Wisconsin Investment Board owns 23,000 shares or 0% of their US portfolio. Lord Abbett & Limited Liability Company, New Jersey-based fund reported 991,187 shares. Moreover, D E Shaw And Com has 0.01% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 156,139 shares. 55,707 are held by Aqr Limited. Employees Retirement Systems Of Texas stated it has 53,000 shares. Fj Mngmt holds 635,000 shares. Price T Rowe Incorporated Md holds 4.16 million shares or 0.02% of its portfolio.

The stock of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) is a huge mover today! The stock increased 7.11% or $1.8 during the last trading session, reaching $27.1. About 1.29 million shares traded or 466.17% up from the average. Seacoast Banking Corporation of Florida (NASDAQ:SBCF) has risen 38.63% since February 15, 2017 and is uptrending. It has outperformed by 21.93% the S&P500.
The move comes after 5 months positive chart setup for the $1.27B company. It was reported on Feb, 15 by Barchart.com. We have $29.54 PT which if reached, will make NASDAQ:SBCF worth $114.48 million more.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Ratings Coverage

Among 9 analysts covering Seacoast Banking Co. of Florida (NASDAQ:SBCF), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Seacoast Banking Co. of Florida had 23 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by Guggenheim on Tuesday, January 30 with “Hold”. As per Monday, February 13, the company rating was upgraded by SunTrust. Wood maintained Seacoast Banking Corporation of Florida (NASDAQ:SBCF) rating on Friday, August 28. Wood has “Market Perform” rating and $16 target. The rating was upgraded by Zacks to “Sell” on Wednesday, August 12. The firm has “Hold” rating by Sandler O’Neill given on Thursday, January 4. The stock has “Hold” rating by Zacks on Wednesday, August 19. The rating was upgraded by Sandler O’Neill to “Buy” on Thursday, January 11. The stock of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) earned “Outperform” rating by Keefe Bruyette & Woods on Thursday, September 1. The stock of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) earned “Outperform” rating by Raymond James on Wednesday, November 30. The stock of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) earned “Buy” rating by FBR Capital on Friday, January 26.

More notable recent Seacoast Banking Corporation of Florida (NASDAQ:SBCF) news were published by: Prnewswire.com which released: “Seacoast Banking Corporation of Florida Completes Acquisition of GulfShore …” on April 07, 2017, also Prnewswire.com with their article: “Seacoast Completes Acquisition Of Palm Beach Community Bank” published on November 03, 2017, Prnewswire.com published: “Seacoast Banking Corporation Of Florida To Announce Second Quarter 2017 …” on May 25, 2017. More interesting news about Seacoast Banking Corporation of Florida (NASDAQ:SBCF) were released by: Streetinsider.com and their article: “Form 5 SEACOAST BANKING CORP For: Dec 31 Filed by: CROSS CHARLES K JR.” published on February 14, 2018 as well as Seekingalpha.com‘s news article titled: “Seacoast Banking Corporation of Florida’s (SBCF) CEO Dennis Hudson on Q3 2017 …” with publication date: October 27, 2017.

Seacoast Banking Corporation of Florida operates as the bank holding firm for Seacoast National Bank that provides community banking services to the commercial, small business, and retail clients in Florida. The company has market cap of $1.27 billion. It offers various transaction and savings deposit products; secured and unsecured loan products, including revolving credit facilities, letters of credit and related financial guarantees, and asset based financing; and securities and annuity products. It has a 27.37 P/E ratio. The firm also provides trust and asset management services to retirement plans, firms, and individuals; treasury management services; brokerage services; and Internet and mobile banking services.

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