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SBCF Seacoast Banking Corp. Of Florida

Seacoast Banking Corporation of Florida is one of the largest community banks headquartered in Florida with approximately $8.3 billion in assets and $6.9 billion in deposits as of December 31, 2020. The Company provides integrated financial services including commercial and retail banking, wealth management, and mortgage services to customers through advanced banking solutions, and 51 traditional branches of its locally-branded, wholly-owned subsidiary bank, Seacoast Bank. Offices stretch from Fort Lauderdale, Boca Raton and West Palm Beach north through the Daytona Beach area, into Orlando and Central Florida and the adjacent Tampa market, and west to Okeechobee and surrounding counties.

Company profile

Ticker
SBCF
Exchange
CEO
Dennis Hudson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
592260678

SBCF stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

5 May 21
31 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Jul 21 Crook Michael Common Stock Grant Aquire A No No 32.4501 288.667 9.37K 57,160.831
16 Jul 21 Culbreth H Gilbert JR Common Stock Grant Aquire A No No 32.45 288.667 9.37K 25,420.639
16 Jul 21 Daum Julie H Common Stock Grant Aquire A No No 32.45 288.667 9.37K 27,559.325
11 May 21 Crook Michael Common Stock Sell Dispose S No No 36.77 447 16.44K 30,367
5 May 21 Dennis S Hudson Iii Common Stock Sell Dispose S No No 38.24 7,000 267.68K 178,538

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

85.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 185 162 +14.2%
Opened positions 37 27 +37.0%
Closed positions 14 15 -6.7%
Increased positions 58 69 -15.9%
Reduced positions 62 41 +51.2%
13F shares
Current Prev Q Change
Total value 2.78B 1.37B +103.6%
Total shares 47.14M 46.34M +1.7%
Total puts 0 0
Total calls 0 14.8K EXIT
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 8.13M $294.76M +2.8%
TROW T. Rowe Price 5.18M $187.59M +0.1%
Capital World Investors 3.78M $137.06M 0.0%
Vanguard 3.43M $124.44M +2.1%
STT State Street 2.16M $78.22M +18.8%
Dimensional Fund Advisors 1.67M $60.79M -2.5%
BK Bank Of New York Mellon 1.46M $53.02M +0.3%
GW&K Investment Management 1.4M $50.81M +0.8%
Thrivent Financial For Lutherans 1.38M $49.89M -4.0%
Wellington Management 1.36M $49.22M -16.7%
Largest transactions
Shares Bought/sold Change
Jennison Associates 168.74K -432.22K -71.9%
Royce & Associates 822.79K +385.34K +88.1%
STT State Street 2.16M +340.82K +18.8%
GS Goldman Sachs 398.51K +317.57K +392.4%
Wellington Management 1.36M -271.98K -16.7%
BLK Blackrock 8.13M +219K +2.8%
Segall Bryant & Hamill 1.33M -197.8K -12.9%
William Blair Investment Management 304.61K -178.12K -36.9%
ATAC Neuberger Berman 148.02K +148.02K NEW
DB Deutsche Bank AG - Registered Shares 95.76K -116.12K -54.8%

Financial report summary

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Competition
Orange.
Management Discussion
  • For the first quarter of 2021, the Company reported net income of $33.7 million, or $0.60 per average diluted share, compared to $29.3 million, or $0.53, for the fourth quarter of 2020 and $0.7 million, or $0.01, for the first quarter of 2020. Adjusted net income1 for the first quarter of 2021 totaled $35.5 million, or $0.63 per average diluted share, compared to $30.7 million, or $0.55, for the fourth quarter of 2020 and $5.5 million, or $0.10, for the first quarter of 2020.
  • 1Non-GAAP measure - see “Explanation of Certain Unaudited Non-GAAP Financial Measures” for more information and a reconciliation to GAAP.
  • Total average loans decreased $146.7 million, or 2%, for the first quarter of 2021 compared to the fourth quarter of 2020, and increased $544.1 million, or 10%, from the first quarter of 2020. The decrease from the prior quarter reflects the effect of elevated payoffs exceeding loan originations, and a net decrease in PPP loans as a result of loan forgiveness. The increase from the prior year reflects the Company's participation in the PPP program and the acquisitions of FBPB and Freedom Bank.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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