The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Seacoast Banking Corp. Of Florida shares valued at $645,302 were sold by Shaffer Charles M on Nov 11 ’24. At $30.36 per share, Shaffer Charles M sold 21,255 shares. The insider’s holdings dropped to 126,232 shares worth approximately $3.36 million following the completion of this transaction.
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Also, Shaffer Charles M purchased 21,255 shares, netting a total of over 624,472 in proceeds.
Before that, HUDSON DENNIS S III had sold 8,000 shares from its account. In a trade valued at $216,480, the Director traded Seacoast Banking Corp. Of Florida shares for $27.06 each. Upon closing the transaction, the insider’s holdings decreased to 8,000 shares, worth approximately $6.09 million.
As published in a research note from Hovde Group on July 29, 2024, Seacoast Banking Corp. Of Florida [SBCF] has been rated down from an Outperform to a Market perform and the price target has been revised to $31 from $29. Analysts at Keefe Bruyette upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late May. As of April 29, 2024, Hovde Group has reiterated its “an Outperform” rating for SBCF. Earlier on January 05, 2024, Truist downgraded its rating. Their new recommendation was “a Hold” for SBCF stock which previously was a “a Buy”.
Analyzing SBCF Stock Performance
During the last five days, there has been a drop of approximately -8.45%. Over the course of the year, Seacoast Banking Corp. Of Florida shares have dropped approximately -6.39%. Shares of the company reached a 52-week high of $31.68 on 11/25/24 and a 52-week low of $21.90 on 04/16/24. A 50-day SMA is recorded $28.57, while a 200-day SMA reached $25.82. Nevertheless, trading volume fell to 0.5 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Seacoast Banking Corp. Of Florida (SBCF)
According to the 24-hour chart, there is a support level at 26.06, which, if violated, would cause prices to drop to 25.48. In the upper region, resistance lies at 27.68. The next price resistance is at 28.73. RSI (Relative Strength Index) is 30.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.90, which suggests the price will decrease in the coming days. Percent R is at 96.98%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
