Analysts are on the Bearish side about Seacoast Banking Corporation of Florida (NASDAQ:SBCF) this week.

September 16, 2018 - By Rene Reddy

Investors sentiment decreased to 1.44 in Q2 2018. Its down 0.01, from 1.45 in 2018Q1. It dropped, as 10 investors sold Seacoast Banking Corporation of Florida shares while 44 reduced holdings. 29 funds opened positions while 49 raised stakes. 38.46 million shares or 2.13% more from 37.65 million shares in 2018Q1 were reported.
Rhumbline Advisers holds 0.01% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) or 111,401 shares. Ubs Asset Mgmt Americas Incorporated stated it has 23,735 shares. Thrivent For Lutherans owns 1.06 million shares or 0.11% of their US portfolio. Sei Investments reported 32,090 shares. Hillcrest Asset Mngmt Ltd Llc invested 2.23% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Pub Employees Retirement System Of Ohio owns 68,954 shares. Teachers Retirement System Of The State Of Kentucky accumulated 13,600 shares. Assocs New York invested in 13,000 shares or 0.51% of the stock. Waddell & Reed Financial has invested 0.04% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). The New York-based Laurion Cap Mgmt Limited Partnership has invested 0.01% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Metropolitan Life Ins accumulated 16,016 shares. Highlander Ltd Llc holds 0.47% of its portfolio in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 26,171 shares. Globeflex Cap Lp reported 23,000 shares. Mutual Of America Capital Limited has 0% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 173 shares. Rmb Ltd Com has 0.19% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF).

Since May 1, 2018, it had 0 buys, and 5 insider sales for $428,495 activity. Another trade for 2,000 shares valued at $59,500 was sold by Goldman Roger. The insider Shaffer Charles M sold 1,571 shares worth $43,250.

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

Among 3 analysts covering Seacoast Banking (NASDAQ:SBCF), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Seacoast Banking had 3 analyst reports since May 29, 2018 according to SRatingsIntel. The firm has “Hold” rating by Sandler O’Neill given on Thursday, May 31. The firm has “Buy” rating given on Tuesday, July 31 by FBR Capital. The stock has “Market Perform” rating by Raymond James on Tuesday, May 29. Below is a list of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) latest ratings and price target changes.

31/07/2018 Broker: FBR Capital Old Rating: Buy New Rating: Buy Old Target: $37 New Target: $35 Maintain
31/05/2018 Broker: Sandler O’Neill Old Rating: Buy New Rating: Hold Downgrade
29/05/2018 Broker: Raymond James Old Rating: Outperform New Rating: Market Perform Downgrade

The stock increased 0.10% or $0.03 during the last trading session, reaching $30.35. About 207,853 shares traded. Seacoast Banking Corporation of Florida (NASDAQ:SBCF) has risen 38.23% since September 16, 2017 and is uptrending. It has outperformed by 22.61% the S&P500.

Seacoast Banking Corporation of Florida operates as the bank holding firm for Seacoast National Bank that provides community banking services to the commercial, small business, and retail clients in Florida. The company has market cap of $1.43 billion. It offers various transaction and savings deposit products; secured and unsecured loan products, including revolving credit facilities, letters of credit and related financial guarantees, and asset based financing; and securities and annuity products. It has a 22.75 P/E ratio. The firm also provides trust and asset management services to retirement plans, firms, and individuals; treasury management services; brokerage services; and Internet and mobile banking services.

Another recent and important Seacoast Banking Corporation of Florida (NASDAQ:SBCF) news was published by Bizjournals.com which published an article titled: “Seacoast Bank exec explains 5 factors affecting First Green Bank acquisition, plus banking trends” on September 12, 2018.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Institutional Positions Chart

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