Seacoast Banking Corporation of Florida (SBCF) Releases Earnings Results, Reports EPS of $0.19 EPS

Seacoast Banking Corporation of Florida (SBCF) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.19 EPS for the quarter. Analysts had a consensus estimate of $0.19. Analysts expectations of $34.49 million. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on Seacoast Banking Corporation of Florida. Seacoast Banking Corporation of Florida was Initiated by Sun Trust Rbsn Humphrey to “Neutral” on Apr 11, 2016. Company shares were Upgraded by FBR Capital on Mar 29, 2016 to ” Outperform”, Firm has raised the Price Target to $ 20 from a previous price target of $16 .

Seacoast Banking Corporation of Florida closed down -0.03 points or -0.18% at $16.4 with 80,170 shares getting traded on Wednesday. Post opening the session at $16.45, the shares hit an intraday low of $16.206 and an intraday high of $16.51 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 11, 2016, Stephen E Bohner (director) sold 4 shares at $15.13 per share price. According to the SEC, 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.

Seacoast Banking Corporation of Florida

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