11,512 Shares in Seacoast Banking Corporation of Florida (SBCF) Purchased by Virtu KCG Holdings LLC

Virtu KCG Holdings LLC acquired a new position in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,512 shares of the financial services provider’s stock, valued at approximately $277,000.

Several other institutional investors have also bought and sold shares of SBCF. William Blair Investment Management LLC acquired a new stake in shares of Seacoast Banking Corporation of Florida in the 2nd quarter worth $19,215,000. State Street Corp lifted its position in Seacoast Banking Corporation of Florida by 97.4% during the 1st quarter. State Street Corp now owns 962,034 shares of the financial services provider’s stock worth $23,071,000 after acquiring an additional 474,704 shares during the period. Vanguard Group Inc. lifted its position in Seacoast Banking Corporation of Florida by 37.6% during the 1st quarter. Vanguard Group Inc. now owns 1,527,831 shares of the financial services provider’s stock worth $36,637,000 after acquiring an additional 417,334 shares during the period. Jennison Associates LLC lifted its position in Seacoast Banking Corporation of Florida by 37.1% during the 2nd quarter. Jennison Associates LLC now owns 988,008 shares of the financial services provider’s stock worth $23,811,000 after acquiring an additional 267,115 shares during the period. Finally, Thrivent Financial For Lutherans lifted its position in Seacoast Banking Corporation of Florida by 254.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 275,280 shares of the financial services provider’s stock worth $6,634,000 after acquiring an additional 197,640 shares during the period. 77.46% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on SBCF. FBR & Co reaffirmed a “buy” rating and set a $27.00 price target on shares of Seacoast Banking Corporation of Florida in a research report on Tuesday, September 5th. BidaskClub cut Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research cut Seacoast Banking Corporation of Florida from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Seacoast Banking Corporation of Florida has a consensus rating of “Buy” and a consensus target price of $24.67.

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Shares of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) opened at 24.92 on Friday. Seacoast Banking Corporation of Florida has a 12 month low of $16.82 and a 12 month high of $25.88. The firm’s 50-day moving average price is $23.28 and its 200-day moving average price is $23.57. The firm has a market cap of $1.07 billion, a PE ratio of 27.72 and a beta of 0.76.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. Seacoast Banking Corporation of Florida had a net margin of 17.09% and a return on equity of 9.20%. The business had revenue of $54.60 million during the quarter, compared to the consensus estimate of $53.90 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 25.2% compared to the same quarter last year. Analysts expect that Seacoast Banking Corporation of Florida will post $1.23 earnings per share for the current year.

In other news, Director Roger Goldman sold 2,200 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $24.11, for a total transaction of $53,042.00. Following the completion of the sale, the director now owns 20,072 shares in the company, valued at $483,935.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is currently owned by corporate insiders.

Seacoast Banking Corporation of Florida Profile

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.

Institutional Ownership by Quarter for Seacoast Banking Corporation of Florida (NASDAQ:SBCF)

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