Seacoast Banking (SBCF) Jumps: Stock Rises 7.3%

Zacks Equity Research
December 24, 2013

Seacoast Banking Corp. of Florida (SBCF) was a big mover last session, as the company saw its shares more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the volatile price range of $10.95–$11.75 in the past one-month time frame.

This banking stock has witness 4 upward revisions in the past 60 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Seacoast Banking. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Seacoast Banking has a Zacks Rank #2 (Buy), while its Earnings ESP is negative.

Investors interested in the banking industry may also consider stocks like First NBC Bank Holding Company (NBCB), Omniamerican Bancorp, Inc. (OABC), and Capital City Bank Group Inc. (CCBG). While First NBC Bank and Omniamerican sport a Zacks Rank #1 (Strong Buy), Capital City Bank holds a Zacks Rank #2.

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SEACOAST BANKING CORP FLORIDA (SBCF): Free Stock Analysis Report

FIRST NBC BANK HOLDING CO (NBCB): Free Stock Analysis Report

OMNIAMERICAN BANCORP INC (OABC): Free Stock Analysis Report

CAPITAL CITY BANK GROUP (CCBG): Free Stock Analysis Report


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