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

Seacoast Banking Co. of Florida (NASDAQ:SBCF) Director Thomas E. Rossin sold 1,800 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $28.14, for a total transaction of $50,652.00. Following the completion of the transaction, the director now directly owns 8,067 shares in the company, valued at $227,005.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Seacoast Banking Co. of Florida stock traded down $0.32 during trading hours on Friday, reaching $27.76. 88,997 shares of the stock were exchanged, compared to its average volume of 182,749. The company has a market cap of $1.43 billion, a P/E ratio of 14.61 and a beta of 0.99. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.39. Seacoast Banking Co. of Florida has a twelve month low of $22.35 and a twelve month high of $31.42. The stock has a 50 day moving average of $29.21 and a two-hundred day moving average of $27.44.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its quarterly earnings data 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. The firm had revenue of $78.14 million for the quarter, compared to the consensus estimate of $75.32 million. Seacoast Banking Co. of Florida had a net margin of 28.49% and a return on equity of 11.08%. On average, analysts expect that Seacoast Banking Co. of Florida will post 1.97 earnings per share for the current fiscal year.

SBCF has been the topic of several research analyst reports. ValuEngine raised shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. B. Riley downgraded shares of Seacoast Banking Co. of Florida from a “buy” rating to a “neutral” rating in a research note on Monday, February 3rd. BidaskClub downgraded shares of Seacoast Banking Co. of Florida from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 1st. Finally, Zacks Investment Research downgraded shares of Seacoast Banking Co. of Florida from a “buy” rating to a “hold” rating in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $30.13.

Several institutional investors and hedge funds have recently bought and sold shares of SBCF. GW&K Investment Management LLC bought a new stake in Seacoast Banking Co. of Florida in the fourth quarter valued at approximately $26,460,000. Morgan Stanley raised its stake in Seacoast Banking Co. of Florida by 508.7% during the second quarter. Morgan Stanley now owns 241,044 shares of the financial services provider’s stock worth $6,132,000 after acquiring an additional 201,441 shares during the period. Nuveen Asset Management LLC acquired a new stake in Seacoast Banking Co. of Florida during the second quarter worth about $4,652,000. Thrivent Financial for Lutherans raised its stake in Seacoast Banking Co. of Florida by 8.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,384,572 shares of the financial services provider’s stock worth $42,327,000 after acquiring an additional 113,426 shares during the period. Finally, Stifel Financial Corp raised its stake in Seacoast Banking Co. of Florida by 30.2% during the third quarter. Stifel Financial Corp now owns 461,410 shares of the financial services provider’s stock worth $11,709,000 after acquiring an additional 107,064 shares during the period. Institutional investors own 82.51% of the company’s stock.

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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