Insider Change: Seacoast Banking Corporation of Florida (NASDAQ:SBCF)’s Stock Insider Trade – Julie Daum Made a Purchase of 3,000 Shares

November 29, 2016 - By Richard Conner

Insider Change: Seacoast Banking Corporation of Florida (NASDAQ:SBCF)'s Stock Insider Trade   Julie Daum Made a Purchase of 3,000 Shares

Julie Daum Insider Buy

The director of Seacoast Banking Corp Of Florida, Julie Daum is in the stock market news today. It was stated in a legal report filled by Julie Daum and submitted to the SEC on November 29, 2016, she purchased 3,000 shares from the firm having a market value of $59,787 USD. The reported shares average price was $19.9. Julie Daum right now has ownership of 12,559 shares which are equivalent to around 0.03% of the Florida-Company’s market capitalization (total value of the shares outstanding).

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

Out of 6 analysts covering Seacoast Banking Co. of Florida (NASDAQ:SBCF), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. $20 is the highest target while $16 is the lowest. The $17.67 average target is -11.61% below today’s ($19.99) stock price. Seacoast Banking Co. of Florida has been the topic of 10 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Wood maintained Seacoast Banking Corporation of Florida (NASDAQ:SBCF) on Friday, August 28 with “Market Perform” rating. As per Tuesday, March 29, the company rating was upgraded by FBR Capital. Zacks upgraded the shares of SBCF in a report on Wednesday, August 12 to “Sell” rating. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Thursday, September 1. The stock of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) earned “Outperform” rating by Hovde Group on Wednesday, May 11. Zacks upgraded Seacoast Banking Corporation of Florida (NASDAQ:SBCF) on Thursday, August 27 to “Sell” rating. Hovde Group downgraded Seacoast Banking Corporation of Florida (NASDAQ:SBCF) on Tuesday, September 6 to “Market Perform” rating. On Monday, November 7 the stock rating was downgraded by FIG Partners to “Market Perform”. On Monday, April 11 the stock rating was initiated by SunTrust with “Neutral”. On Wednesday, August 19 the stock rating was downgraded by Zacks to “Hold”.

Insitutional Activity: The institutional sentiment decreased to 1.37 in Q2 2016. Its down 1.26, from 2.63 in 2016Q1. The ratio worsened, as 6 funds sold all Seacoast Banking Corporation of Florida shares owned while 18 reduced positions. 17 funds bought stakes while 46 increased positions. They now own 18.72 million shares or 6.37% more from 17.60 million shares in 2016Q1.

Ladenburg Thalmann Fincl Svcs holds 0% or 40 shares in its portfolio. Highlander Capital Mngmt Lc accumulated 0.46% or 30,975 shares. Clover L P holds 174,500 shares or 1.12% of its portfolio. Northern Corporation owns 300,977 shares or 0% of their US portfolio. California State Teachers Retirement has 62,108 shares for 0% of their US portfolio. Moreover, Maltese Cap Mgmt Ltd Limited Liability Company has 1.92% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 945,542 shares. Royal State Bank Of Canada last reported 0% of its portfolio in the stock. Paloma Mngmt has 0.01% invested in the company for 41,069 shares. Private Ltd Llc last reported 1.51% of its portfolio in the stock. Moreover, Blackrock Fund Advisors has 0% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 762,507 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 754 shares or 0% of its portfolio. Citigroup holds 0% of its portfolio in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 2,400 shares. Tfs Capital Ltd Liability accumulated 0.07% or 22,505 shares. The Georgia-based Marshwinds Advisory has invested 0.1% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). The California-based California Employees Retirement Sys has invested 0% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF).

The stock increased 0.81% or $0.16 during the last trading session, hitting $19.99. About 348,861 shares traded hands or 90.05% up from the average. Seacoast Banking Corporation of Florida (NASDAQ:SBCF) has risen 20.69% since April 26, 2016 and is uptrending. It has outperformed by 15.43% the S&P500.

Seacoast Banking Corporation of Florida is a bank holding company. The company has a market cap of $758.59 million. The Company’s principal subsidiary is Seacoast National Bank, a national banking association. It has a 30 P/E ratio. The Firm 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.

According to Zacks Investment Research, “Seacoast Banking Corp of Florida is a bank holding company. Seacoast and its subsidiaries offer a full array of deposit accounts and retail banking services, engages in consumer and commercial lending and provides a wide variety of trust and asset management services, as well as securities and annuity products.”

Analysts await Seacoast Banking Corporation of Florida (NASDAQ:SBCF) to report earnings on January, 26. They expect $0.29 earnings per share, up 52.63% or $0.10 from last year’s $0.19 per share. SBCF’s profit will be $11.01 million for 17.23 P/E if the $0.29 EPS becomes a reality. After $0.28 actual earnings per share reported by Seacoast Banking Corporation of Florida for the previous quarter, Wall Street now forecasts 3.57% EPS growth.

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 Floridian ..” on March 14, 2016, also Prnewswire.com with their article: “Seacoast Banking Corporation of Florida to Acquire Floridian Financial Group, Inc.” published on November 03, 2015, Reuters.com published: “BRIEF-Seacoast Banking Corporation Of Florida reports Q3 EPS of $0.24” on October 26, 2016. More interesting news about Seacoast Banking Corporation of Florida (NASDAQ:SBCF) were released by: Prnewswire.com and their article: “Seacoast Banking Corporation of Florida To Acquire BMO Harris’ Orlando Banking ..” published on October 15, 2015 as well as Prnewswire.com‘s news article titled: “Seacoast Banking Corporation of Florida to Announce Quarterly Earnings Results ..” with publication date: October 14, 2016.

SBCF Company Profile

Seacoast Banking Corporation of Florida, incorporated on January 24, 1983, is a bank holding company. The Company’s principal subsidiary is Seacoast National Bank, a national banking association (Seacoast National). The Firm 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. The Company, through its bank subsidiary, provides a range of community banking services to commercial, small business and retail customers, offering a range of transaction and savings deposit products, treasury management services, brokerage, and secured and unsecured loan products, including revolving credit facilities, letters of credit and similar financial guarantees, and asset based financing. Seacoast National also provides trust and investment management services to retirement plans, firms and individuals. It also offers Internet and mobile banking to business and retail customers.

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