In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Seacoast Banking Corp Of Florida (NASDAQ:SBCF) reported that Basswood Capital has picked up 2,355,043 of common stock as of 2016-12-13.
The acquisition brings the aggregate amount owned by Basswood Capital to a total of 2,355,043 representing a 6.19% stake in the company.
For those not familiar with the company, Seacoast Banking Corporation of Florida is a bank holding company. The Company’s principal subsidiary is Seacoast National Bank, a national banking association. The Company and its subsidiaries offer an array of deposit accounts and retail banking services, engage in consumer and commercial lending and provide a range of trust and asset management services, as well as securities and annuity products.
A glance at Seacoast Banking Corp Of Florida (NASDAQ:SBCF)’s key stats reveals a current market capitalization of $789.22 million based on 38.03 million shares outstanding and a price at last close of $21.32 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-11-29, Daum picked up 1,363 at a purchase price of $19.94. This brings their total holding to 22,919 as of the date of the filing.
On the sell side, the most recent transaction saw Bohner unload 4 shares at a sale price of $15.13. This brings their total holding to 1,701.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Seacoast Banking Corp of Florida (NASDAQ:SBCF) as things move forward to see if its progress aligns with these transactions.
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