Today Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Reported Increase in Shorted Shares

Investors sentiment decreased to 1.3 in Q1 2019. Its down 0.32, from 1.62 in 2018Q4. It is negative, as 11 investors sold Seacoast Banking Corporation of Florida shares while 42 reduced holdings. 17 funds opened positions while 52 raised stakes. 42.13 million shares or 1.00% more from 41.71 million shares in 2018Q4 were reported.
Rmb Capital Mngmt Ltd holds 160,600 shares. American Intll Inc accumulated 35,372 shares. Ubs Asset Management Americas has 0% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 28,694 shares. Charles Schwab Mgmt Inc holds 282,673 shares or 0% of its portfolio. Ww Investors accumulated 2.27M shares. Citigroup invested 0% of its portfolio in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Geode Capital Mngmt Ltd Liability Company has invested 0% of its portfolio in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Oregon Public Employees Retirement Fund owns 19,857 shares. Heartland Advisors has invested 0.37% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Banc Funds Communication Ltd Liability Co invested in 0.86% or 438,639 shares. Goldman Sachs Gru has 0% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 250,599 shares. Ls Investment Advisors Ltd Liability Corporation invested 0.01% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Barclays Public Ltd Co stated it has 48,872 shares. Teachers Retirement Of The State Of Kentucky reported 0.02% of its portfolio in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Comerica Bancorporation has 0.01% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF).

The stock of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) registered an increase of 3.44% in short interest. SBCF’s total short interest was 2.07M shares in August as published by FINRA. Its up 3.44% from 2.00M shares, reported previously. With 202,400 shares average volume, it will take short sellers 10 days to cover their SBCF’s short positions.

The stock decreased 1.92% or $0.49 during the last trading session, reaching $25.02. About 159,223 shares traded. Seacoast Banking Corporation of Florida (NASDAQ:SBCF) has declined 5.69% since August 13, 2018 and is downtrending. It has underperformed by 5.69% the S&P500.

Seacoast Banking Corporation of Florida operates as the bank holding firm for Seacoast National Bank that provides community banking services to the commercial, small business, and retail clients in Florida. The company has market cap of $1.29 billion. It offers various transaction and savings deposit products; secured and unsecured loan products, including revolving credit facilities, letters of credit and related financial guarantees, and asset based financing; and securities and annuity products. It has a 16.28 P/E ratio. The firm also provides trust and asset management services to retirement plans, firms, and individuals; treasury management services; brokerage services; and Internet and mobile banking services.

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

Among 2 analysts covering Seacoast Banking of Florida (NASDAQ:SBCF), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Seacoast Banking of Florida has $32 highest and $29 lowest target. $30.50’s average target is 21.90% above currents $25.02 stock price. Seacoast Banking of Florida had 7 analyst reports since February 20, 2019 according to SRatingsIntel. The firm earned “Buy” rating on Friday, June 21 by Raymond James. The firm earned “Buy” rating on Thursday, February 21 by FBR Capital.

More notable recent Seacoast Banking Corporation of Florida (NASDAQ:SBCF) news were published by: Bizjournals.com which released: “Merger details: Here’s what’s ahead for First Green Bank’s downtown Orlando office – Orlando Business Journal” on June 18, 2018, also Globenewswire.com with their article: “Talend Enables Seacoast Bank to Ensure Compliance and Achieve Faster Analysis – GlobeNewswire” published on April 29, 2019, Globenewswire.com published: “Seacoast Banking Corporation of Florida to Announce Fourth Quarter Earnings Results January 24 – GlobeNewswire” on January 02, 2019. More interesting news about Seacoast Banking Corporation of Florida (NASDAQ:SBCF) were released by: Globenewswire.com and their article: “Seacoast Bank Announces Investor Day Webcast Nasdaq:SBCF – GlobeNewswire” published on February 05, 2019 as well as Zacks.com‘s news article titled: “Seacoast Banking (SBCF) Earnings Expected to Grow: Should You Buy? – Zacks.com” with publication date: April 18, 2019.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Institutional Positions Chart

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