Seacoast Banking Corporation of Florida (SBCF) Awards Stock Grants to 7 Insiders

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On Tuesday, Seacoast Banking Corporation of Florida (NASDAQ:SBCF) awarded seven of its insiders with stock grants. The grants consisted of 3,558 shares of the company’s Common Stock, with a total value of $37,501.32. The shares were awarded to Directors Dennis Hudson, Thomas Rossin, Julie Daum, Gilbert Culbreth Jr., Stephen Bohner, and Christopher Fogal, as well as Lead Director Roger Goldman.   

Stock trading has been relatively stagnant at the $274.9 million market cap bank holding firm this year. In fact, the last large stock purchase was executed in January at the hand of company Director Robert Goldstein, who bought 2,325,581 shares of Common Stock, paying a price of $2.15 per share.

However, Q2 did show some positive signs amongst hedge funds, with some increases in portfolio activity, as well as new shareholding positions. Ejf Capital, Emanuel Friedman’s hedge fund, is one of the newest shareholders, with 500,000 Seacoast shares, valued at $7.8 million. But the top position remains in the hands of Tom Brown’s Second Curve Capital, with 1.38 million shares, worth $15.2 million.

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