Stifel Financial Corp Buys Shares of 269,734 Seacoast Banking Co. of Florida (SBCF)

Share on StockTwits

Stifel Financial Corp bought a new stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) during the fourth quarter, HoldingsChannel reports. The fund bought 269,734 shares of the financial services provider’s stock, valued at approximately $6,997,000.

A number of other large investors also recently made changes to their positions in the business. Capital Investment Advisory Services LLC acquired a new stake in shares of Seacoast Banking Co. of Florida during the fourth quarter worth $41,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Seacoast Banking Co. of Florida by 35.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,723 shares of the financial services provider’s stock worth $71,000 after buying an additional 716 shares during the period. Bank of Montreal Can raised its position in shares of Seacoast Banking Co. of Florida by 16.0% in the 4th quarter. Bank of Montreal Can now owns 3,120 shares of the financial services provider’s stock worth $81,000 after buying an additional 431 shares during the period. LS Investment Advisors LLC raised its position in shares of Seacoast Banking Co. of Florida by 153.4% in the 4th quarter. LS Investment Advisors LLC now owns 3,510 shares of the financial services provider’s stock worth $91,000 after buying an additional 2,125 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Seacoast Banking Co. of Florida in the 4th quarter worth $202,000. Hedge funds and other institutional investors own 82.54% of the company’s stock.

NASDAQ:SBCF traded down $0.23 during mid-day trading on Thursday, hitting $27.23. The company had a trading volume of 2,123 shares, compared to its average volume of 207,512. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.91 and a quick ratio of 0.91. Seacoast Banking Co. of Florida has a 1 year low of $21.74 and a 1 year high of $34.95. The firm has a market capitalization of $1.47 billion, a PE ratio of 16.81 and a beta of 0.74.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last released its quarterly earnings data on Thursday, January 24th. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.44 by $0.03. Seacoast Banking Co. of Florida had a return on equity of 10.49% and a net margin of 23.08%. The company had revenue of $72.70 million for the quarter, compared to analyst estimates of $72.01 million. During the same period last year, the company posted $0.37 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. Equities analysts anticipate that Seacoast Banking Co. of Florida will post 1.98 EPS for the current year.

In other Seacoast Banking Co. of Florida news, EVP Charles M. Shaffer sold 4,414 shares of the firm’s stock in a transaction dated Thursday, January 31st. The stock was sold at an average price of $27.50, for a total value of $121,385.00. Following the transaction, the executive vice president now directly owns 14,881 shares of the company’s stock, valued at $409,227.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles K. Jr. Cross sold 4,812 shares of the firm’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $28.31, for a total value of $136,227.72. Following the completion of the transaction, the executive vice president now directly owns 17,287 shares in the company, valued at $489,394.97. The disclosure for this sale can be found here. Insiders sold 22,226 shares of company stock worth $637,843 over the last three months. 3.00% of the stock is currently owned by corporate insiders.

SBCF has been the topic of several research reports. Zacks Investment Research lowered Seacoast Banking Co. of Florida from a “hold” rating to a “sell” rating in a research report on Friday, November 23rd. BidaskClub raised Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. Finally, Hovde Group lowered Seacoast Banking Co. of Florida from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $31.63.

TRADEMARK VIOLATION NOTICE: This report was published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this report on another publication, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/4238691/stifel-financial-corp-buys-shares-of-269734-seacoast-banking-co-of-florida-sbcf.html.

About Seacoast Banking Co. of Florida

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.

See Also: Risk Tolerance and Your Investment Decisions

Want to see what other hedge funds are holding SBCF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seacoast Banking Co. of Florida (NASDAQ:SBCF).

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

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



Latest News

SIMDAQ  24-Hour Trading Volume Hits $120.00
SIMDAQ 24-Hour Trading Volume Hits $120.00
iDealCash Hits One Day Trading Volume of $0.00
iDealCash Hits One Day Trading Volume of $0.00
Lunes  Trading Down 32.5% This Week
Lunes Trading Down 32.5% This Week
Bitblocks  1-Day Volume Tops $123.00
Bitblocks 1-Day Volume Tops $123.00
Comparing Banco Santander  and Banco Bilbao Vizcaya Argentaria
Comparing Banco Santander and Banco Bilbao Vizcaya Argentaria
Zacks: Analysts Expect Aptose Biosciences Inc.  to Post -$0.17 Earnings Per Share
Zacks: Analysts Expect Aptose Biosciences Inc. to Post -$0.17 Earnings Per Share


© 2006-2019 Ticker Report