Seacoast Banking Corporation of Florida (SBCF) Shares Sold by QS Investors LLC

QS Investors LLC lowered its holdings in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) by 8.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 40,411 shares of the financial services provider’s stock after selling 3,910 shares during the quarter. QS Investors LLC owned approximately 0.09% of Seacoast Banking Corporation of Florida worth $974,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in Seacoast Banking Corporation of Florida by 0.5% in the 2nd quarter. US Bancorp DE now owns 4,157 shares of the financial services provider’s stock worth $100,000 after buying an additional 20 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Seacoast Banking Corporation of Florida by 3,190.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,278 shares of the financial services provider’s stock worth $103,000 after buying an additional 4,148 shares during the period. Globeflex Capital L P purchased a new stake in Seacoast Banking Corporation of Florida in the 1st quarter worth approximately $116,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Seacoast Banking Corporation of Florida in the 1st quarter worth approximately $200,000. Finally, SG Americas Securities LLC purchased a new stake in Seacoast Banking Corporation of Florida in the 1st quarter worth approximately $209,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

In related news, Director Roger Goldman sold 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $24.11, for a total value of $53,042.00. Following the completion of the sale, the director now owns 20,072 shares in the company, valued at $483,935.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/2957201/seacoast-banking-corporation-of-florida-sbcf-shares-sold-by-qs-investors-llc.html.

Seacoast Banking Corporation of Florida (NASDAQ SBCF) opened at 24.27 on Friday. The stock has a 50 day moving average price of $23.01 and a 200-day moving average price of $23.54. Seacoast Banking Corporation of Florida has a 1-year low of $16.09 and a 1-year high of $25.88. The stock has a market cap of $1.04 billion, a PE ratio of 27.00 and a beta of 0.76.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $54.60 million during the quarter, compared to analyst estimates of $53.90 million. Seacoast Banking Corporation of Florida had a return on equity of 9.20% and a net margin of 17.09%. Seacoast Banking Corporation of Florida’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 earnings per share. On average, equities analysts expect that Seacoast Banking Corporation of Florida will post $1.23 EPS for the current year.

Several equities research analysts have weighed in on SBCF shares. FBR & Co reiterated a “buy” rating and issued a $27.00 price objective on shares of Seacoast Banking Corporation of Florida in a report on Tuesday, September 5th. BidaskClub upgraded Seacoast Banking Corporation of Florida from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research cut Seacoast Banking Corporation of Florida from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Seacoast Banking Corporation of Florida currently has an average rating of “Buy” and an average target price of $24.67.

Seacoast Banking Corporation of Florida Company Profile

Seacoast Banking Corporation of Florida is a bank holding company. The Company’s principal subsidiary is Seacoast National Bank, a national banking association (the Bank). The Company 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.

Institutional Ownership by Quarter for Seacoast Banking Corporation of Florida (NASDAQ:SBCF)

Receive News & Ratings for Seacoast Banking Corporation of Florida Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seacoast Banking Corporation of Florida and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.