Today’s Rating: Outperform Rating Was Given to Seacoast Banking (SBCF) By a Brokerage Firm

November 30, 2016 - By Adrian Mccoy

Today's Rating: Outperform Rating Was Given to Seacoast Banking (SBCF) By a Brokerage Firm

How Raymond James Rates Seacoast Banking (SBCF)

Raymond James has started coverage on shares of Seacoast Banking (SBCF) in a report revealed to investors and clients on 30 November. The financial firm issued Outperform rating on SBCF stock.

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

Out of 2 analysts covering Seacoast Banking (SBCF), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Seacoast Banking has been the topic of 3 analyst reports since September 1, 2016 according to StockzIntelligence Inc. The company was downgraded on Monday, November 7 by FIG Partners. The stock has “Market Perform” rating given by Hovde Group on Tuesday, September 6.

About 172,899 shares traded hands. Seacoast Banking Corporation of Florida (SBCF) has risen 21.89% since April 27, 2016 and is uptrending. It has outperformed by 16.66% the S&P500.

Analysts await Seacoast Banking Corporation of Florida (NASDAQ:SBCF) to report earnings on January, 26. They expect $0.29 EPS, up 52.63% or $0.10 from last year’s $0.19 per share. SBCF’s profit will be $11.12M for 17.67 P/E if the $0.29 EPS becomes a reality. After $0.28 actual EPS reported by Seacoast Banking Corporation of Florida for the previous quarter, Wall Street now forecasts 3.57% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.37 in Q2 2016. Its down 1.26, from 2.63 in 2016Q1. The ratio dropped, 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.

Legal And General Gp Public Ltd Limited Liability Company accumulated 0% or 4,575 shares. Bnp Paribas Arbitrage Sa last reported 1,158 shares in the company. Ladenburg Thalmann Svcs Inc last reported 0% of its portfolio in the stock. Moreover, Ny State Common Retirement Fund has 0% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 21,800 shares. Blackrock Investment Management Limited Liability Corporation holds 0% or 126,588 shares in its portfolio. Castine Ltd accumulated 3.93% or 504,373 shares. Pnc Group Inc Inc, a Pennsylvania-based fund reported 10,978 shares. Morgan Stanley holds 0% of its portfolio in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 200,809 shares. Voya Inv Mngmt Ltd holds 14,388 shares or 0% of its portfolio. Northern has 0% invested in the company for 300,977 shares. Clover L P last reported 174,500 shares in the company. Us Commercial Bank De owns 1,830 shares or 0% of their US portfolio. Monarch Prns Asset Lc accumulated 0.07% or 40,143 shares. Highbridge Cap Mngmt Lc last reported 0.01% of its portfolio in the stock. Nationwide Fund Advisors holds 0% or 21,671 shares in its portfolio.

Insider Transactions: Since November 29, 2016, the stock had 1 insider buy, and 0 insider sales for $59,787 net activity. $59,787 worth of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) was bought by Daum Julie H.

Seacoast Banking Corporation of Florida is a bank holding company. The company has a market cap of $785.80 million. The Company’s principal subsidiary is Seacoast National Bank, a national banking association. It has a 30.76 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.”

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.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>