Seacoast Banking Corp. Of Florida’s filing revealed 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 $3.3 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 $5.98 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 Tuesday, Seacoast Banking Corp. Of Florida [NASDAQ:SBCF] saw its stock fall -0.04% to $26.18. Over the last five days, the stock has gained 3.44%. Seacoast Banking Corp. Of Florida shares have fallen nearly -4.90% since the year began. Nevertheless, the stocks have risen 10.89% 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 03/12/25. SMA at 50 days reached $27.51, while 200 days put it at $26.86.
Levels Of Support And Resistance For SBCF Stock
The 24-hour chart illustrates a support level at 25.86, which if violated will result in even more drops to 25.55. On the upside, there is a resistance level at 26.64. A further resistance level may holdings at 27.11. The Relative Strength Index (RSI) on the 14-day chart is 39.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.34%. Stochastics %K at 27.66% indicates the stock is a holding.
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 2025-02-28, growing by 0.27 million shares to a total of 1.56 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 1.29 million shares. There was a rise of 17.57%, which implies that there is a positive 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.
