What's Propelling Seacoast Banking Corporation Florida (NASDAQ:SBCF) After Higher Shorts Reported?

Author

03 June, 2017

Seacoast Banking Corporation of Florida is a bank holding company.

About 116,099 shares traded. $66,750 worth of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) was bought by Monserrat Alvaro. It has outperformed by 21.93% the S&P500. Delta Asset Management Ltd Company Tn reported 375 shares. The rating was upgraded by Hovde Group on Wednesday, May 11 to "Outperform". Maltese Capital Management Llc owns 770000 shares or 1.26% of its portfolio. Ingersoll now has $22.89B valuation. Swiss Commercial Bank invested in 0% or 45,500 shares. About 145,589 shares traded. Sanofi SA (ADR) (NYSE:SNY) has risen 26.96% since June 1, 2016 and is uptrending. It has underperformed by 57.70% the S&P500.

Since February 15, 2017, it had 7 buys, and 2 sales for $137.27 million activity. Raymond James initiated Seacoast Banking Corporation of Florida (NASDAQ:SBCF) on Wednesday, November 30 with "Outperform" rating. Dimensional Fund Advisors LP now owns 1,309,019 shares of the financial services provider's stock worth $31,391,000 after buying an additional 191,182 shares during the last quarter. Basswood Capital Management L.L.C. now owns 2,355,043 shares of the financial services provider's stock valued at $51,952,000 after buying an additional 183,377 shares during the period. The stock had a trading volume of 57,261 shares. Seacoast Banking Corporation of Florida (NASDAQ:SBCF) has risen 38.63% since May 30, 2016 and is uptrending. The company has market cap of $916.13 million. It has a 26.38 P/E ratio. 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. Finally, Guggenheim assumed coverage on shares of Seacoast Banking Co. of Florida in a report on Wednesday, March 15th.

Ratings analysis reveals 50% of Seacoast Banking's analysts are positive. FBR & Co reaffirmed a "buy" rating on shares of Seacoast Banking Co. of Florida in a report on Thursday, February 2nd. Lord Abbett And has invested 0.01% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). The rating was downgraded by Hovde Group on Tuesday, September 6 to "Market Perform". The rating was downgraded by Zacks on Wednesday, August 19 to "Hold". As per Monday, February 13, the company rating was upgraded by SunTrust. The firm earned "Sell" rating on Tuesday, August 4 by Compass Point. The rating was maintained by Wood on Friday, August 28 with "Market Perform". Zacks downgraded Seacoast Banking Corporation of Florida (NASDAQ:SBCF) on Wednesday, August 19 to "Hold" rating. The firm has "Buy" rating by SunTrust given on Monday, February 13.

Investors sentiment increased to 1.94 in Q4 2016. They expect $-0.22 earnings per share, down 1,000.00% or $0.20 from last year's $-0.02 per share. It improved, as 4 investors sold Seacoast Banking Corporation of Florida shares while 28 reduced holdings. Thompson Davis And reported 500 shares. Federated Investors Inc. PA boosted its stake in shares of Seacoast Banking Co. of Florida by 6,961.3% in the fourth quarter. Blackrock Group reported 33,261 shares stake. Salzhauer Michael has invested 1.43% of its portfolio in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). 53,116 are owned by Aqr Capital Lc. Hillcrest Asset Limited Company accumulated 378,253 shares. Invesco Ltd reported 18,193 shares or 0% of all its holdings. Bridgewater Limited Partnership accumulated 200,920 shares.

Analysts await Ocwen Financial Corp (NYSE:OCN) to report earnings on July, 26. Therefore 40% are positive. Finally, State Street Corp boosted its stake in shares of Seacoast Banking Co. of Florida by 97.4% in the first quarter. They now have a Dollars 25 price target on the stock. The firm has "Hold" rating by Cantor Fitzgerald given on Thursday, August 20. 5,809 are held by Comml Bank Of Nova Scotia. The company was upgraded on Thursday, September 1 by Keefe Bruyette & Woods. The firm has "Underperform" rating given on Wednesday, January 4 by Bank of America. The stock rose 0.35% or $0.08 reaching $23.04. $458,243 worth of Southwestern Energy Company (NYSE:SWN) was sold by Owen Robert Craig on Sunday, December 4. Gateway Inv Advisers Limited Liability Company reported 80,386 shares stake.

Investors sentiment decreased to 1.47 in 2016 Q4. Its up 0.13, from 1.2 in 2016Q3. 102 funds opened positions while 181 raised stakes. 458.63 million shares or 3.28% less from 474.16 million shares in 2016Q3 were reported. California State Teachers Retirement System holds 61,108 shares. Zacks Investment Research cut Seacoast Banking Co. of Florida from a "buy" rating to a "hold" rating in a report on Saturday, February 18th. The Affinity Investment Advisors Llc holds 84,450 shares with $2.98 million value, down from 121,980 last quarter. Royal Retail Bank Of Canada invested in 0% or 2,086 shares. 75,004 were accumulated by Panagora Asset Management. Catawba Management Va has 7,901 shares. Quantbot Technologies LP stated it has 0.3% of its portfolio in Ingersoll-Rand PLC (NYSE:IR). Zurcher Kantonalbank (Zurich Cantonalbank) has 586 shares for 0% of their portfolio. 2,000 shares valued at $141,540 were sold by Lindeberg Frederic H on Friday, December 2. It also upped Vanguard Index Fds (VOO) stake by 5,607 shares and now owns 5,839 shares. Isle Of Capri Casinos Inc Com (NASDAQ:ISLE) was reduced too.

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