Seacoast Banking Corp. Of Florida’s filing revealed that its Director HUDSON DENNIS S III unloaded Company’s shares for reported $0.22 million on Sep 18 ’24. In the deal valued at $27.06 per share,8,000 shares were sold. As a result of this transaction, HUDSON DENNIS S III now holds 228,557 shares worth roughly $6.36 million.
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Then, DENNIS S HUDSON III REVOCABLE bought 8,000 shares, generating $216,457 in total proceeds.
Before that, HUDSON DENNIS S III sold 16,000 shares. Seacoast Banking Corp. Of Florida shares valued at $432,000 were divested by the Director at a price of $27.00 per share. As a result of the transaction, HUDSON DENNIS S III now holds 234,312 shares, worth roughly $6.52 million.
Hovde Group downgraded its Seacoast Banking Corp. Of Florida [SBCF] rating to a Market perform from a an Outperform in a research note published on July 29, 2024; the price target was increased to $31 from $29. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in late May from “a Mkt perform” to “an Outperform”. Hovde Group also remained covering SBCF and reiterated its “an Outperform” recommendation on April 29, 2024. Truist revised its rating on January 05, 2024. It rated SBCF as “a Hold” which previously was an “a Buy”.
Price Performance Review of SBCF
On Friday, Seacoast Banking Corp. Of Florida [NASDAQ:SBCF] saw its stock fall -2.11% to $27.83. Over the last five days, the stock has gained 4.51%. Seacoast Banking Corp. Of Florida shares have fallen nearly -2.21% since the year began. Nevertheless, the stocks have risen 34.97% over the past one year. While a 52-week high of $29.98 was reached on 07/26/24, a 52-week low of $19.04 was recorded on 04/16/24. SMA at 50 days reached $26.60, while 200 days put it at $25.07.
Levels Of Support And Resistance For SBCF Stock
The 24-hour chart illustrates a support level at 27.60, which if violated will result in even more drops to 27.38. On the upside, there is a resistance level at 28.22. A further resistance level may holdings at 28.62. The Relative Strength Index (RSI) on the 14-day chart is 59.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.25%. Stochastics %K at 90.46% indicates the stock is a selling.
How much short interest is there in Seacoast Banking Corp. Of Florida?
A steep rise in short interest was recorded in Seacoast Banking Corp. Of Florida stocks on 2024-09-30, dropping by -0.45 million shares to a total of 1.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.8 million shares. There was a decline of -33.42%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 13, 2023 when Stephens began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $23 price target.
