Seacoast Banking Corp. Of Florida’s recently made public that its Chairman, President & CEO Shaffer Charles M unloaded Company’s shares for reported $0.65 million on Nov 11 ’24. In the deal valued at $30.36 per share,21,255 shares were sold. As a result of this transaction, Shaffer Charles M now holds 126,232 shares worth roughly $3.21 million.
Then, Shaffer Charles M bought 21,255 shares, generating $624,472 in total proceeds.
Before that, HUDSON DENNIS S III sold 8,000 shares. Seacoast Banking Corp. Of Florida shares valued at $216,480 were divested by the Director at a price of $27.06 per share. As a result of the transaction, HUDSON DENNIS S III now holds 228,557 shares, worth roughly $5.81 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 Monday, Seacoast Banking Corp. Of Florida [NASDAQ:SBCF] saw its stock fall -3.31% to $25.41. Over the last five days, the stock has lost -9.70%. Seacoast Banking Corp. Of Florida shares have fallen nearly -7.70% since the year began. Nevertheless, the stocks have risen 1.72% over the past one year. While a 52-week high of $31.68 was reached on 02/11/25, a 52-week low of $21.90 was recorded on 01/10/25. SMA at 50 days reached $27.70, while 200 days put it at $26.79.
Levels Of Support And Resistance For SBCF Stock
The 24-hour chart illustrates a support level at 25.13, which if violated will result in even more drops to 24.85. On the upside, there is a resistance level at 25.85. A further resistance level may holdings at 26.29. The Relative Strength Index (RSI) on the 14-day chart is 26.49, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.13%. Stochastics %K at 6.97% indicates the stock is a buying.
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.
