Seacoast Banking Cp (NASDAQ:SBCF).
Basswood Capital Management, L.l.c. reports that it raised its investment in Seacoast Banking Cp stock by 24,200 shares in the last quarter. Its investment was worth $51,046,000 an increase of $135,000 as of the end of the quarter.
Basswood Capital Management, L.l.c. isn’t the only one who has changed their investment in SBCF. Foresters Investment Management Company, Inc. expanded its position by buying 4,000 shares an increase of 1.7%. Foresters Investment Management Company, Inc. currently owns 235,000 shares valued at $5,614,000. The total value of its holdings increased 0.8%. As of quarter end Wellington Management Group Llp had sold 652,002 shares trimming its holdings by 52.8%. The value of the investment in (SBCF) went from $29,783,000 to $13,947,000 a change of 53.2% quarter over quarter.
Dimensional Fund Advisors Lp grew its stake by buying 33,161 shares an increase of 2.5% from 06/30/2017 to 09/30/2017. Dimensional Fund Advisors Lp claims 1,355,098 shares with a value of $32,374,000. The value of the position overall is up by 1.6%.
October 27 investment analysts at FBR & Co reiterated a “Buy” rating on the stock. On September 5 FBR & Co maintained a stock rating of “Buy” targeting a price of $27.00.
The company is so far trading down by 0.08% percent from yesterday’s close. The P/E ratio is 25.01 and the market cap of the company is 1.07B. In the latest earnings report the EPS was $0.98 with 43.60M shares presently outstanding.
Investors are a little more bullish on Seacoast Banking Cp of late as inferred by the downtick in short interest. The stock realized a fall in short interest of -5.18% as of the latest report on October 13, 2017. Short interest decreased from 830,193 to 787,176 over that timeframe. Days to cover increased from 4.0 to 6.0 and the percentage of shorted shares was 0.02% on October 13.