|Day's Range||22.57 - 22.88|
|52 Week Range||15.21 - 25.88|
|PE Ratio (TTM)||26.28|
|Earnings Date||Jul 25, 2017 - Jul 31, 2017|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||26.14|
Seacoast Banking Corporation of Florida has signed an agreement to buy NorthStar Banking Corp., the holding company for NorthStar Bank. NorthStar is based in Tampa and had $212 million in total assets as of March 31. It’s the second Tampa bank purchase for Seacoast (SBCF), which is headquartered in Stuart and has $4.8 billion in assets.
STUART, Fla., May 18, 2017 /PRNewswire/ -- Seacoast Banking Corporation of Florida ("Seacoast") (SBCF), the holding company for Seacoast National Bank ("Seacoast Bank"), announced today that it has signed a definitive agreement to acquire NorthStar Banking Corporation ("NSBC"), the holding company for NorthStar Bank, in a transaction that will expand Seacoast's presence in the attractive Tampa market and strengthen its position in Florida. Pursuant to the terms of the merger agreement, NSBC, headquartered in Tampa, will be merged with and into Seacoast, and NorthStar Bank will be merged with and into Seacoast Bank.
Seacoast Banking Corporation of Florida has signed a $71.2 million deal to acquire Palm Beach Community Bank, the second-largest bank based in Palm Beach County. Stuart-based Seacoast (SBCF) had $4.8 billion in assets and $3.7 billion in deposits on March 31. West Palm Beach-based Palm Beach Community Bank has $281 million in deposits in four branches and $290 million in loans.