Chatham Capital Group Inc. Has $1.81 Million Position in Seacoast Banking Co. of Florida (SBCF)

Chatham Capital Group Inc. decreased its position in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 6.9% in the first quarter, Holdings Channel reports. The fund owned 68,326 shares of the financial services provider’s stock after selling 5,100 shares during the quarter. Chatham Capital Group Inc.’s holdings in Seacoast Banking Co. of Florida were worth $1,809,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SBCF. Thrivent Financial For Lutherans lifted its position in Seacoast Banking Co. of Florida by 162.3% during the fourth quarter. Thrivent Financial For Lutherans now owns 1,063,360 shares of the financial services provider’s stock valued at $26,808,000 after acquiring an additional 657,993 shares during the last quarter. Jennison Associates LLC lifted its position in Seacoast Banking Co. of Florida by 25.0% during the fourth quarter. Jennison Associates LLC now owns 2,002,000 shares of the financial services provider’s stock valued at $50,470,000 after acquiring an additional 400,045 shares during the last quarter. Driehaus Capital Management LLC lifted its position in Seacoast Banking Co. of Florida by 396.2% during the fourth quarter. Driehaus Capital Management LLC now owns 258,150 shares of the financial services provider’s stock valued at $6,508,000 after acquiring an additional 206,128 shares during the last quarter. Millennium Management LLC lifted its position in Seacoast Banking Co. of Florida by 11.8% during the fourth quarter. Millennium Management LLC now owns 1,371,910 shares of the financial services provider’s stock valued at $34,586,000 after acquiring an additional 144,637 shares during the last quarter. Finally, Opus Capital Group LLC purchased a new stake in Seacoast Banking Co. of Florida during the fourth quarter valued at approximately $2,738,000. 76.73% of the stock is owned by institutional investors.

SBCF has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a report on Wednesday, March 28th. ValuEngine raised shares of Seacoast Banking Co. of Florida from a “hold” rating to a “buy” rating in a report on Saturday, April 21st. BidaskClub raised shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a report on Saturday, February 10th. Guggenheim reaffirmed a “hold” rating and issued a $28.00 price target on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 31st. Finally, Hovde Group raised shares of Seacoast Banking Co. of Florida from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $30.00 to $29.00 in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $29.00.

In other news, EVP Charles K. Jr. Cross sold 1,754 shares of the stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $29.50, for a total value of $51,743.00. Following the sale, the executive vice president now owns 16,681 shares in the company, valued at $492,089.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roger Goldman sold 7,200 shares of the stock in a transaction on Friday, May 4th. The stock was sold at an average price of $27.38, for a total transaction of $197,136.00. Following the completion of the sale, the director now owns 13,165 shares in the company, valued at approximately $360,457.70. The disclosure for this sale can be found here. Insiders sold 18,932 shares of company stock worth $527,245 in the last quarter. Company insiders own 3.00% of the company’s stock.

NASDAQ SBCF opened at $30.58 on Friday. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 23.89 and a beta of 0.64. Seacoast Banking Co. of Florida has a 12-month low of $29.60 and a 12-month high of $29.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.83 and a quick ratio of 0.82.

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, topping the Zacks’ consensus estimate of $0.39 by $0.01. The business had revenue of $62.10 million during the quarter, compared to analysts’ expectations of $61.60 million. Seacoast Banking Co. of Florida had a net margin of 19.83% and a return on equity of 10.05%. The business’s quarterly revenue was up 29.1% on a year-over-year basis. During the same quarter last year, the company posted $0.26 earnings per share. equities analysts anticipate that Seacoast Banking Co. of Florida will post 1.75 earnings per share for the current year.

Seacoast Banking Co. of Florida 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.

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

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