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Insider Trends: Insider Sale at Seacoast Banking Corp of Florida Interrupting 90-Days of Buying

05/07/2021 12:26

04:18 PM EDT, 05/07/2021 (MT Newswires) -- On May 05, 2021, Dennis S Hudson III, Director and Executive Chairman, reported a sale of 7,000 shares in Seacoast Banking Corp of Florida (SBCF) for $267,680. After the Form 4 filing with the SEC, Hudson controls 335,492 shares of company stock of which 252,794 shares are held directly and 82,698 are owned indirectly. These holdings have an approximate market value of $13.02 million as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 24 insider transactions reported to the SEC for Seacoast Banking Corp of Florida. These transactions came from the activities of 9 different insiders that resulted in a net acquisition of 52,305 company shares. Relative to the preceding 90-day window of time, there were 6 transactions from 6 insiders which resulted in the net disposition of 14,926 shares.

This level of insider transactions is less than the peer group average in the 394-company Banks peer group over the last 90-day period. Activity in the peer group averaged 105.4 transactions per company, with company insiders acquiring on average 7,433 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/730708/000120919121030897/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.