Seacoast Banking Corporation of Florida (SBCF) is Upgraded by Keefe Bruyette to Outperform

Seacoast Banking Corporation of Florida (SBCF) was Upgraded by Keefe Bruyette to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Sep 1, 2016.

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 closed down -0.06 points or -0.37% at $16.26 with 1,08,886 shares getting traded on Monday. Post opening the session at $16.24, the shares hit an intraday low of $16.24 and an intraday high of $16.405 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 2, 2016, Maryann Goebel (director) purchased 5,850 shares at $16.82 per share price. According to the SEC, on May 23, 2016, Julie H Daum (director) purchased 5,000 shares at $15.69 per share price. On Apr 11, 2016, Stephen E Bohner (director) sold 4 shares at $15.13 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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