Are Analysts Bullish about Seacoast Banking Corporation of Florida (NASDAQ:SBCF) after last week?

September 16, 2018 - By Catherine Diaz

Investors sentiment decreased to 1.44 in Q2 2018. Its down 0.01, from 1.45 in 2018Q1. It worsened, 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.
Pnc Financial Ser Group invested in 0% or 11,389 shares. Sector Pension Invest Board invested in 29,800 shares or 0.01% of the stock. Metropolitan Life New York, New York-based fund reported 16,016 shares. Tiaa Cref Mgmt Limited Liability Com owns 98,338 shares. Hillcrest Asset Mngmt Ltd Liability Corp holds 379,510 shares or 2.23% of its portfolio. Kennedy Management stated it has 88,513 shares or 0.05% of all its holdings. Schwab Charles Inv holds 0.01% or 249,976 shares in its portfolio. Parametric Portfolio Lc holds 0% or 90,255 shares in its portfolio. Delta Asset Mngmt Limited Liability Tn stated it has 700 shares or 0% of all its holdings. Quantitative Systematic Strategies Ltd Llc stated it has 16,427 shares or 0.1% of all its holdings. Financial Advisers Ltd Liability Corporation reported 9,240 shares. National Invest Services Wi invested in 18,371 shares. Driehaus Capital Management Limited Liability has invested 0.07% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). 361,043 are held by Goldman Sachs Group Inc Inc Inc. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF).

Since May 1, 2018, it had 0 insider buys, and 5 insider sales for $428,495 activity. CROSS CHARLES K JR. sold $51,740 worth of stock or 1,754 shares. $43,250 worth of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) was sold by Shaffer Charles M.

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. On Thursday, May 31 the stock rating was downgraded by Sandler O’Neill to “Hold”. The stock of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) earned “Buy” rating by FBR Capital on Tuesday, July 31. The firm has “Market Perform” rating by Raymond James given 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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