UBS Asset Management Americas Inc. Maintains Position in Seacoast Banking Corporation of Florida (SBCF)

UBS Asset Management Americas Inc. held its position in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,800 shares of the financial services provider’s stock at the end of the 2nd quarter. UBS Asset Management Americas Inc.’s holdings in Seacoast Banking Corporation of Florida were worth $260,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. TIAA CREF Investment Management LLC lifted its stake in shares of Seacoast Banking Corporation of Florida by 5.8% in the second quarter. TIAA CREF Investment Management LLC now owns 135,984 shares of the financial services provider’s stock worth $3,277,000 after buying an additional 7,424 shares during the last quarter. Westpac Banking Corp acquired a new stake in shares of Seacoast Banking Corporation of Florida in the second quarter worth $317,000. Nationwide Fund Advisors lifted its stake in shares of Seacoast Banking Corporation of Florida by 9.9% in the second quarter. Nationwide Fund Advisors now owns 53,880 shares of the financial services provider’s stock worth $1,299,000 after buying an additional 4,850 shares during the last quarter. Century Capital Management LLC acquired a new stake in shares of Seacoast Banking Corporation of Florida in the second quarter worth $1,773,000. Finally, Bank of America Corp DE lifted its stake in shares of Seacoast Banking Corporation of Florida by 64.4% in the first quarter. Bank of America Corp DE now owns 323,676 shares of the financial services provider’s stock worth $7,762,000 after buying an additional 126,776 shares during the last quarter. Institutional investors and hedge funds own 77.51% of the company’s stock.

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In other news, Director Roger Goldman sold 2,200 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $24.11, for a total value of $53,042.00. Following the completion of the sale, the director now owns 20,072 shares of the company’s stock, valued at approximately $483,935.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.80% of the company’s stock.

A number of brokerages have recently weighed in on SBCF. Zacks Investment Research cut shares of Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research note on Wednesday. FBR & Co restated a “buy” rating on shares of Seacoast Banking Corporation of Florida in a research note on Friday, October 27th. Finally, BidaskClub cut shares of Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Seacoast Banking Corporation of Florida presently has a consensus rating of “Hold” and an average price target of $24.67.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The company had revenue of $57.10 million during the quarter, compared to the consensus estimate of $57.55 million. Seacoast Banking Corporation of Florida had a return on equity of 9.78% and a net margin of 18.48%. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS.

Seacoast Banking Corporation of Florida Profile

Seacoast Banking Corporation of Florida is a bank holding company. The Company’s principal subsidiary is Seacoast National Bank, a national banking association (the Bank). 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.

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Institutional Ownership by Quarter for Seacoast Banking Corporation of Florida (NASDAQ:SBCF)

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