SunTrust Robinson Humphrey Initiates Coverage on Seacoast Banking Corporation of Florida to Neutral

SunTrust Robinson Humphrey Initiates Coverage on Seacoast Banking Corporation of Florida(NASDAQ:SBCF). The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Apr 11, 2016.

In a different note, On Mar 29, 2016, FBR Capital said it Upgrades its rating on Seacoast Banking Corporation of Florida. The shares have been rated ‘Outperform’ by the firm.

Seacoast Banking Corporation of Florida (SBCF) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.19% at a volume of 1,35,290. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.22. The peak price level was also seen at $16.22 while the days lowest was $15.8401. Finally the shares closed at $16.05. The 52-week high of the shares is $16.95 while the 52-week low is $13.4. According to the latest information available, the market cap of the company is $556 M.

Seacoast Banking Corporation of Florida(SBCF) last announced its earnings results on Oct 22, 2015 for Fiscal Year 2015 and Q3.Company reported revenue of $37.10M. Analysts had an estimated revenue of $35.92M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.19.

Several Insider Transactions has been reported to the SEC. On Apr 11, 2016, Stephen E Bohner (director) sold 4 shares at $15.13 per share price.Also, On Feb 5, 2016, H Gilbert Jr Culbreth (director) purchased 128 shares at $14.25 per share price.On Nov 9, 2015, Julie H Daum (director) purchased 3,200 shares at $15.75 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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