Insider Selling: Seacoast Banking Corporation of Florida (SBCF) Director Sells 2,200 Shares of Stock

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Director Roger Goldman sold 2,200 shares of Seacoast Banking Corporation of Florida stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $24.11, for a total transaction of $53,042.00. Following the completion of the transaction, the director now directly owns 20,072 shares in the company, valued at $483,935.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Roger Goldman also recently made the following trade(s):

  • On Tuesday, May 30th, Roger Goldman sold 3,000 shares of Seacoast Banking Corporation of Florida stock. The stock was sold at an average price of $22.55, for a total transaction of $67,650.00.

Seacoast Banking Corporation of Florida (SBCF) traded down 2.09% on Friday, hitting $22.00. 280,512 shares of the stock traded hands. The company’s 50 day moving average price is $23.79 and its 200-day moving average price is $23.61. Seacoast Banking Corporation of Florida has a 12-month low of $15.85 and a 12-month high of $25.88. The stock has a market capitalization of $942.50 million, a P/E ratio of 24.47 and a beta of 0.77.

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 for the quarter, meeting analysts’ consensus estimates of $0.29. The business had revenue of $54.60 million for the quarter, compared to the consensus estimate of $53.90 million. Seacoast Banking Corporation of Florida had a net margin of 17.09% and a return on equity of 9.20%. Seacoast Banking Corporation of Florida’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. Analysts predict that Seacoast Banking Corporation of Florida will post $1.24 EPS for the current year.

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Several research analysts have recently weighed in on SBCF shares. Zacks Investment Research downgraded shares of Seacoast Banking Corporation of Florida from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. FIG Partners raised shares of Seacoast Banking Corporation of Florida from a “market-perform” rating to an “outperform” rating in a research report on Friday, May 19th. Finally, BidaskClub downgraded shares of Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $22.60.

Several hedge funds have recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Seacoast Banking Corporation of Florida by 9.4% in the fourth quarter. State Street Corp now owns 487,330 shares of the financial services provider’s stock worth $10,751,000 after buying an additional 41,842 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Seacoast Banking Corporation of Florida by 45.7% in the fourth quarter. Teachers Advisors LLC now owns 80,434 shares of the financial services provider’s stock worth $1,774,000 after buying an additional 25,245 shares in the last quarter. Navellier & Associates Inc purchased a new stake in shares of Seacoast Banking Corporation of Florida during the first quarter worth $371,000. Nationwide Fund Advisors increased its stake in shares of Seacoast Banking Corporation of Florida by 4.8% in the first quarter. Nationwide Fund Advisors now owns 49,030 shares of the financial services provider’s stock worth $1,176,000 after buying an additional 2,237 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Seacoast Banking Corporation of Florida during the first quarter worth $335,000. Institutional investors and hedge funds own 71.74% of the company’s stock.

About Seacoast Banking Corporation of Florida

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.

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