Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Shorted Shares Increased By 13.55%

Investors sentiment decreased to 1.08 in Q3 2018. Its down 0.36, from 1.44 in 2018Q2. It dropped, as 25 investors sold Seacoast Banking Corporation of Florida shares while 38 reduced holdings. 21 funds opened positions while 47 raised stakes. 38.90 million shares or 1.14% more from 38.46 million shares in 2018Q2 were reported.
Wells Fargo And Mn reported 75,233 shares. Tiaa Cref Invest Management reported 0% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Moreover, Ubs Asset Mgmt Americas has 0% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) for 16,900 shares. Metropolitan Life Ins New York holds 3,296 shares. Employees Retirement Sys Of Texas stated it has 0.03% of its portfolio in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Janney Capital Mngmt Limited Liability Co stated it has 0% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Victory Capital Mgmt Incorporated reported 0% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Morgan Stanley holds 0% or 142,543 shares. Moreover, Raymond James Services Advsr has 0% invested in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). Pnc Fincl Service Gru invested in 0% or 11,400 shares. Alpine Woods Capital Ltd Liability holds 12,000 shares or 0.07% of its portfolio. Us National Bank De accumulated 0% or 1,357 shares. Amer Interest invested 0% in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). California Pub Employees Retirement System invested in 0% or 52,875 shares. California State Teachers Retirement Systems invested in 0% or 70,351 shares.

The stock of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) registered an increase of 13.55% in short interest. SBCF’s total short interest was 1.84M shares in January as published by FINRA. Its up 13.55% from 1.62M shares, reported previously. With 339,300 shares average volume, it will take short sellers 5 days to cover their SBCF’s short positions.

The stock decreased 1.10% or $0.3 during the last trading session, reaching $27.16. About 74,662 shares traded. Seacoast Banking Corporation of Florida (NASDAQ:SBCF) has risen 3.09% since January 10, 2018 and is uptrending. It has outperformed by 3.09% 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 $1.28 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 20 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 (NASDAQ:SBCF), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Seacoast Banking had 2 analyst reports since July 31, 2018 according to SRatingsIntel. The stock has “Outperform” rating by Raymond James on Thursday, November 15. On Tuesday, July 31 the stock rating was maintained by FBR Capital with “Buy”.

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

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