Maltese Capital Management buys $15,185,405 stake in Seacoast Banking Corporation of Florida (SBCF)

Seacoast Banking Corporation of Florida (SBCF) : Maltese Capital Management scooped up 59,500 additional shares in Seacoast Banking Corporation of Florida during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 945,542 shares of Seacoast Banking Corporation of Florida which is valued at $15,185,405.Seacoast Banking Corporation of Florida makes up approximately 1.81% of Maltese Capital Management’s portfolio.

Other Hedge Funds, Including , Fsi Group added SBCF to its portfolio by purchasing 31,000 company shares during the most recent quarter which is valued at $497,860. Seacoast Banking Corporation of Florida makes up approx 0.29% of Fsi Group’s portfolio.Blackrock Advisors boosted its stake in SBCF in the latest quarter, The investment management firm added 2,538 additional shares and now holds a total of 28,288 shares of Seacoast Banking Corporation of Florida which is valued at $454,305.Rmb Capital Management boosted its stake in SBCF in the latest quarter, The investment management firm added 37,715 additional shares and now holds a total of 178,348 shares of Seacoast Banking Corporation of Florida which is valued at $2,882,104. Seacoast Banking Corporation of Florida makes up approx 0.20% of Rmb Capital Management’s portfolio. Ipswich Investment Management sold out all of its stake in SBCF during the most recent quarter. The investment firm sold 4,250 shares of SBCF which is valued $68,680.

Seacoast Banking Corporation of Florida closed down -0.08 points or -0.49% at $16.17 with 1,02,239 shares getting traded on Tuesday. Post opening the session at $16.35, the shares hit an intraday low of $16.16 and an intraday high of $16.4 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Seacoast Banking Corporation of Florida reported $0.23 EPS for the quarter, based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus estimate of $0.23.Analysts expectations of $ 43.10.During the same quarter in the previous year, the company posted $0.35 EPS.

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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