OxFORD Asset Management LLP Takes Position in Seacoast Banking Corporation of Florida (SBCF)

OxFORD Asset Management LLP purchased a new stake in shares of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 13,802 shares of the financial services provider’s stock, valued at approximately $331,000.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its holdings in shares of Seacoast Banking Corporation of Florida by 3,190.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,278 shares of the financial services provider’s stock valued at $103,000 after buying an additional 4,148 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Seacoast Banking Corporation of Florida during the 3rd quarter valued at about $211,000. Legal & General Group Plc lifted its holdings in shares of Seacoast Banking Corporation of Florida by 38.1% during the 2nd quarter. Legal & General Group Plc now owns 10,015 shares of the financial services provider’s stock valued at $242,000 after buying an additional 2,761 shares during the last quarter. Virtu KCG Holdings LLC bought a new position in shares of Seacoast Banking Corporation of Florida in the 2nd quarter valued at approximately $277,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Seacoast Banking Corporation of Florida in the 2nd quarter valued at approximately $284,000. Institutional investors and hedge funds own 79.54% of the company’s stock.

Shares of Seacoast Banking Corporation of Florida (SBCF) opened at $26.82 on Friday. The stock has a market capitalization of $1,170.00, a P/E ratio of 27.37 and a beta of 0.77. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.77. Seacoast Banking Corporation of Florida has a 1 year low of $20.58 and a 1 year high of $27.50.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The business had revenue of $57.10 million for the quarter, compared to analyst estimates of $57.55 million. Seacoast Banking Corporation of Florida had a return on equity of 9.37% and a net margin of 18.48%. Seacoast Banking Corporation of Florida’s quarterly revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.28 EPS. analysts predict that Seacoast Banking Corporation of Florida will post 1.24 EPS for the current year.

A number of brokerages recently weighed in on SBCF. Hovde Group reissued a “hold” rating on shares of Seacoast Banking Corporation of Florida in a research note on Friday. Sandler O’Neill raised Seacoast Banking Corporation of Florida from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Thursday. Zacks Investment Research raised Seacoast Banking Corporation of Florida from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Saturday, December 30th. BidaskClub downgraded Seacoast Banking Corporation of Florida from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, FBR & Co reissued a “buy” rating on shares of Seacoast Banking Corporation of Florida in a research note on Friday, October 27th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $27.80.

In related news, CEO Dennis S. Hudson III sold 2,300 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $24.22, for a total value of $55,706.00. Following the sale, the chief executive officer now owns 19,247 shares of the company’s stock, valued at approximately $466,162.34. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dennis S. Hudson III sold 8,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $24.39, for a total value of $195,120.00. Following the completion of the sale, the chief executive officer now directly owns 19,247 shares in the company, valued at approximately $469,434.33. The disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.

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Seacoast Banking Corporation of Florida Company 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.

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

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