Are Analysts Bearish Seacoast Banking Corporation of Florida (NASDAQ:SBCF) After Last Week?

September 16, 2018 - By Andrea Bass

Investors sentiment decreased to 1.44 in 2018 Q2. Its down 0.01, from 1.45 in 2018Q1. It is negative, 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.
Salzhauer Michael invested 1.62% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Price T Rowe Assoc Inc Md reported 4.55M shares or 0.02% of all its holdings. Ny State Common Retirement Fund invested in 0% or 51,200 shares. Stieven Cap Advisors L P holds 183,067 shares. Blackrock invested in 6.60M shares or 0.01% of the stock. Quantbot Technology Lp owns 1,165 shares or 0% of their US portfolio. Texas Permanent School Fund stated it has 0.01% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Barr E S And has 0.14% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Susquehanna International Limited Liability Partnership owns 0% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 12,109 shares. Arizona State Retirement System holds 0.02% or 68,384 shares. Marshwinds Advisory has invested 0.1% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Parametric Port Assocs Ltd Liability reported 90,255 shares. Deutsche Bancorporation Ag accumulated 159,574 shares. Swiss Bancorporation holds 77,600 shares. Opus Cap Group Lc reported 78,925 shares.

Since May 1, 2018, it had 0 buys, and 5 sales for $428,495 activity. Shaffer Charles M sold $43,250 worth of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) on Tuesday, May 1. CROSS CHARLES K JR. had sold 1,754 shares worth $51,740 on Tuesday, May 15.

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. Sandler O’Neill downgraded the stock to “Hold” rating in Thursday, May 31 report. The rating was downgraded by Raymond James to “Market Perform” on Tuesday, May 29. The rating was maintained by FBR Capital with “Buy” on Tuesday, July 31. 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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