Highlander Capital Management LLC Has $680,000 Stake in Seacoast Banking Co. of Florida (SBCF)

Highlander Capital Management LLC trimmed its stake in Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 19.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,171 shares of the financial services provider’s stock after selling 6,204 shares during the quarter. Highlander Capital Management LLC owned approximately 0.06% of Seacoast Banking Co. of Florida worth $680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SBCF. Gratus Capital LLC purchased a new stake in shares of Seacoast Banking Co. of Florida in the first quarter valued at $207,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Seacoast Banking Co. of Florida in the fourth quarter valued at $222,000. UBS Group AG grew its position in shares of Seacoast Banking Co. of Florida by 30.1% in the first quarter. UBS Group AG now owns 9,176 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 2,125 shares during the period. United Capital Financial Advisers LLC purchased a new stake in shares of Seacoast Banking Co. of Florida in the first quarter valued at $245,000. Finally, Profund Advisors LLC purchased a new stake in shares of Seacoast Banking Co. of Florida in the first quarter valued at $247,000. 82.86% of the stock is owned by institutional investors.

In other Seacoast Banking Co. of Florida news, EVP Charles K. Jr. Cross sold 1,754 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $29.50, for a total transaction of $51,743.00. Following the completion of the sale, the executive vice president now owns 16,681 shares of the company’s stock, valued at $492,089.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Roger Goldman sold 7,200 shares of the business’s stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $27.38, for a total value of $197,136.00. Following the sale, the director now directly owns 13,165 shares of the company’s stock, valued at approximately $360,457.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,785 shares of company stock valued at $391,004. 3.00% of the stock is owned by company insiders.

SBCF stock traded down $0.29 during trading on Thursday, reaching $32.56. 1,019 shares of the stock traded hands, compared to its average volume of 433,889. Seacoast Banking Co. of Florida has a 52-week low of $20.58 and a 52-week high of $33.21. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.49 billion, a PE ratio of 25.45 and a beta of 0.68.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last posted its quarterly earnings results on Thursday, April 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $61.60 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The firm’s quarterly revenue was up 29.1% compared to the same quarter last year. equities analysts forecast that Seacoast Banking Co. of Florida will post 1.75 EPS for the current fiscal year.

SBCF has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Seacoast Banking Co. of Florida from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. BidaskClub raised Seacoast Banking Co. of Florida from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 11th. Raymond James downgraded Seacoast Banking Co. of Florida from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 29th. They noted that the move was a valuation call. ValuEngine raised Seacoast Banking Co. of Florida from a “hold” rating to a “buy” rating in a research report on Saturday, April 21st. Finally, Sandler O’Neill downgraded Seacoast Banking Co. of Florida from a “buy” rating to a “hold” rating in a research report on Thursday, May 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $29.00.

Seacoast Banking Co. of Florida Company 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.

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

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