Seacoast Banking Corporation of Florida (SBCF) Analysts See $0.29 EPS

July 18, 2017 - By Hazel Jackson

 Seacoast Banking Corporation of Florida (SBCF) Analysts See $0.29 EPS
Investors sentiment increased to 1.94 in 2016 Q4. Its up 0.57, from 1.37 in 2016Q3. It improved, as 4 investors sold Seacoast Banking Corporation of Florida shares while 28 reduced holdings. 24 funds opened positions while 38 raised stakes. 20.49 million shares or 6.09% more from 19.31 million shares in 2016Q3 were reported.
Connor Clark Lunn Mngmt accumulated 47,394 shares. The Pennsylvania-based Hbk Sorce Advisory Ltd Com has invested 0.08% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Virginia Retirement Et Al holds 0.01% or 27,700 shares. Blackrock Grp invested 0% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Zurcher Kantonalbank (Zurich Cantonalbank) holds 754 shares. Geode Cap Management Ltd Liability Company holds 0% of its portfolio in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 248,784 shares. Lord Abbett & Ltd reported 0.01% of its portfolio in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Moreover, Caprock Gru has 0.07% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 12,056 shares. Banc Funds Company Limited Liability Company accumulated 600,829 shares. Blackrock Fund Advisors reported 974,475 shares. State Street reported 0% of its portfolio in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Legal & General Group Inc Public Limited holds 0% of its portfolio in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 7,351 shares. The New York-based Morgan Stanley has invested 0% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). The New York-based Tiaa Cref Inv Limited Liability has invested 0% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Voya Investment Ltd Limited Liability Company invested in 14,388 shares or 0% of the stock.

Since February 15, 2017, it had 7 insider purchases, and 2 selling transactions for $137.27 million activity. 6,000 shares were bought by Bradley Jacqueline Lynette, worth $133,500 on Wednesday, February 15. The insider ARCZYNSKI DENNIS J bought 1,000 shares worth $22,250. BOHNER STEPHEN E had bought 1,000 shares worth $22,250 on Wednesday, February 15. Another trade for 8,000 shares valued at $178,000 was bought by CROOK MICHAEL. $445,000 worth of stock was bought by LURIE Herbert A. on Wednesday, February 15. Shares for $66,750 were bought by Monserrat Alvaro. On Tuesday, February 21 GOLDSTEIN ROBERT sold $138.17 million worth of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) or 6.21M shares.

Analysts expect Seacoast Banking Corporation of Florida (NASDAQ:SBCF) to report $0.29 EPS on July, 26.They anticipate $0.06 EPS change or 26.09 % from last quarter’s $0.23 EPS. SBCF’s profit would be $11.75 million giving it 20.55 P/E if the $0.29 EPS is correct. After having $0.26 EPS previously, Seacoast Banking Corporation of Florida’s analysts see 11.54 % EPS growth. The stock increased 0.08% or $0.02 during the last trading session, reaching $23.84. About 159,346 shares traded. Seacoast Banking Corporation of Florida (NASDAQ:SBCF) has risen 38.63% since July 18, 2016 and is uptrending. It has outperformed by 21.93% the S&P500.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Ratings Coverage

Among 8 analysts covering Seacoast Banking Co. of Florida (NASDAQ:SBCF), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Seacoast Banking Co. of Florida had 13 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Sell” rating by Zacks given on Wednesday, August 12. Wood maintained Seacoast Banking Corporation of Florida (NASDAQ:SBCF) rating on Friday, August 28. Wood has “Market Perform” rating and $16 target. On Monday, November 7 the stock rating was downgraded by FIG Partners to “Market Perform”. On Thursday, September 1 the stock rating was upgraded by Keefe Bruyette & Woods to “Outperform”. As per Wednesday, November 30, the company rating was initiated by Raymond James. Hovde Group downgraded the stock to “Market Perform” rating in Tuesday, September 6 report. Hovde Group upgraded the stock to “Outperform” rating in Wednesday, May 11 report. The firm has “Buy” rating by SunTrust given on Monday, February 13. The company was initiated on Monday, April 11 by SunTrust. The stock has “Sell” rating by Zacks on Thursday, August 27.

Seacoast Banking Corporation of Florida is a bank holding company. The company has market cap of $965.80 million. The Company’s principal subsidiary is Seacoast National Bank, a national banking association . It has a 27.68 P/E ratio. The Firm 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.

More notable recent Seacoast Banking Corporation of Florida (NASDAQ:SBCF) news were published by: Seekingalpha.com which released: “Seacoast Banking Corporation of Florida’s (SBCF) CEO Dennis Hudson On Q4 2016 …” on February 02, 2017, also Prnewswire.com with their article: “Seacoast Banking Corporation of Florida to Announce Quarterly Earnings Results …” published on October 14, 2016, Reuters.com published: “BRIEF-Seacoast to acquire Palm Beach Community Bank” on May 04, 2017. More interesting news about Seacoast Banking Corporation of Florida (NASDAQ:SBCF) were released by: Bizjournals.com and their article: “Seacoast to buy Palm Beach Community Bank for $71M” published on May 05, 2017 as well as Reuters.com‘s news article titled: “BRIEF-SEACOAST BANKING CORPORATION OF FLORIDA APPOINTS CHARLES SHAFFER AS CFO” with publication date: January 27, 2017.

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