Highlander Capital Management LLC Sells 6,204 Shares of Seacoast Banking Co. of Florida (SBCF)

Highlander Capital Management LLC lessened its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 19.2% during the first quarter, HoldingsChannel reports. The firm owned 26,171 shares of the financial services provider’s stock after selling 6,204 shares during the period. Highlander Capital Management LLC’s holdings in Seacoast Banking Co. of Florida were worth $680,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SBCF. Schwab Charles Investment Management Inc. lifted its stake in shares of Seacoast Banking Co. of Florida by 6.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 219,834 shares of the financial services provider’s stock worth $5,543,000 after purchasing an additional 12,858 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Seacoast Banking Co. of Florida by 7.8% in the fourth quarter. Victory Capital Management Inc. now owns 74,690 shares of the financial services provider’s stock worth $1,883,000 after acquiring an additional 5,413 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Seacoast Banking Co. of Florida in the fourth quarter worth about $312,000. Swiss National Bank lifted its stake in shares of Seacoast Banking Co. of Florida by 5.2% in the fourth quarter. Swiss National Bank now owns 62,200 shares of the financial services provider’s stock worth $1,568,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Seacoast Banking Co. of Florida by 35.9% in the fourth quarter. Wells Fargo & Company MN now owns 72,229 shares of the financial services provider’s stock worth $1,821,000 after acquiring an additional 19,078 shares in the last quarter. Institutional investors own 82.86% of the company’s stock.

In other Seacoast Banking Co. of Florida news, EVP Charles M. Shaffer sold 1,571 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $27.53, for a total transaction of $43,249.63. Following the sale, the executive vice president now owns 14,343 shares in the company, valued at $394,862.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Roger Goldman sold 1,260 shares of the company’s stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $31.25, for a total value of $39,375.00. Following the sale, the director now owns 12,815 shares in the company, valued at approximately $400,468.75. The disclosure for this sale can be found here. Insiders have sold 13,785 shares of company stock worth $391,004 in the last 90 days. 3.00% of the stock is currently owned by insiders.

SBCF has been the topic of several recent analyst reports. Zacks Investment Research upgraded Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research note on Wednesday, March 28th. ValuEngine upgraded Seacoast Banking Co. of Florida from a “hold” rating to a “buy” rating in a research note on Saturday, April 21st. BidaskClub upgraded Seacoast Banking Co. of Florida from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 11th. Raymond James cut Seacoast Banking Co. of Florida from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 29th. They noted that the move was a valuation call. Finally, Sandler O’Neill cut Seacoast Banking Co. of Florida from a “buy” rating to a “hold” rating in a research note on Thursday, May 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $29.00.

Shares of Seacoast Banking Co. of Florida traded down $0.29, hitting $32.56, during trading on Thursday, MarketBeat Ratings reports. The company’s stock had a trading volume of 1,019 shares, compared to its average volume of 433,889. Seacoast Banking Co. of Florida has a fifty-two week low of $20.58 and a fifty-two week high of $33.21. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 25.45 and a beta of 0.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.82 and a current ratio of 0.83.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its quarterly earnings data on Thursday, April 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.01. Seacoast Banking Co. of Florida had a return on equity of 10.05% and a net margin of 19.83%. The firm had revenue of $62.10 million for the quarter, compared to analysts’ expectations of $61.60 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Seacoast Banking Co. of Florida’s revenue for the quarter was up 29.1% compared to the same quarter last year. equities research analysts predict that Seacoast Banking Co. of Florida will post 1.75 EPS for the current year.

Seacoast Banking Co. of Florida Profile

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to business and retail customers in Florida. It offers commercial and retail banking, wealth management, and mortgage services; automated teller machines; online and mobile banking services; and brokerage and annuity services.

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.

Leave a Reply