New Rating issued on Seacoast Banking Corporation of Florida (SBCF): Initiated by Guggenheim to “Neutral”

Seacoast Banking Corporation of Florida (SBCF) was Initiated by Guggenheim to “Neutral”. Guggenheim advised their Clients and Investors in a research report released on Mar 15, 2017.

Based on several research reports , Seacoast Banking Corporation of Florida was Initiated by Guggenheim to “Neutral” on Mar 15, 2017. Seacoast Banking Corporation of Florida was Upgraded by SunTrust to ” Buy” on Feb 13, 2017.

Several company insiders have filed Insider transactions , on Feb 17, 2017, Herbert A. Lurie (director) purchased 20,000 shares at $22.25 per share price. According to the SEC, on Feb 17, 2017, Stephen E Bohner (director) purchased 1,000 shares at $22.25 per share price. On Feb 17, 2017, Alvaro Monserrat (director) purchased 3,000 shares at $22.25 per share price, according to the Form-4 filing with the securities and exchange commission.

On the company’s financial health, Seacoast Banking Corporation of Florida reported $0.30 EPS for the quarter, based on the information available during the earnings call on Feb 1, 2017. Analyst had a consensus estimate of $0.30.Analysts expectations of $ 48.30.During the same quarter in the previous year, the company posted $0.19 EPS.

Seacoast Banking Corporation of Florida closed down -0.15 points or -0.64% at $23.45 with 3,17,801 shares getting traded on Wednesday. Post opening the session at $23.5, the shares hit an intraday low of $23.33 and an intraday high of $23.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Seacoast Banking Corporation of Florida is a bank holding company. The Company’s principal subsidiary is Seacoast National Bank a national banking association (Seacoast National). 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. Its indirect wholly owned subsidiaries include FNB Insurance Services Inc. South Branch Building Inc. TCoast Holdings LLC and BR West LLC. It also offers Internet and mobile banking to business and retail customers. It allows customers to access transactional information on their deposit accounts review loan and deposit balances transfer funds between linked accounts and make deposits to and loan payments from a deposit account. It has total deposits of approximately $2.8 billion.

Seacoast Banking Corporation of Florida

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