Seacoast Banking Corporation of Florida
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Financials : Banks | Small Cap Value
Company profile

Seacoast Banking Corporation of Florida is a financial holding company. The Company's principal subsidiary is Seacoast National Bank (Seacoast Bank), a wholly owned national banking association. It provides integrated financial services, including commercial and consumer banking, wealth management and mortgage services to customers through online and mobile banking solutions and Seacoast Bank's network of approximately 54 traditional branches and commercial banking centers. Its loans held for investment are categorized as construction and land development, commercial real estate-owner-occupied, commercial real estate-non-owner-occupied, residential real estate, commercial and financial, and consumer and paycheck protection program. Its offices stretch from the southeast, including Fort Lauderdale, Boca Raton and Palm Beach, north along the east coast to the Daytona area, into Orlando and Central Florida and the adjacent Tampa market, and west to Okeechobee and surrounding counties.

Closing Price
Day's Change
-0.41 (-1.29%)
B/A Size
Day's High
Day's Low

10-day average volume:

Twitter stock falls after analyst downgrades, citing 'uncertainty and disruption' surrounding Elon Musk buyout deal

7:19 am ET August 5, 2022 (MarketWatch)

Shares of Twitter Inc. (TWTR) slipped 0.4% in premarket trading Friday, after Susquehanna analyst Shyam Patil indicated he could no longer be bullish on the social media company given all the distraction. Patil cut his rating to neutral, after being positive on the stock since February 2020. He trimmed his stock price target to $45 from $50. In a bare-bones note to clients, Patil said he downgraded Twitter given "associated uncertainty and disruption" related to the pending takeover by Tesla Inc. (TSLA) Chief Executive Elon Musk, "recent financial results and limited visibility into business trends." The latest on the merger, Twitter denied in a court filing that it withheld Musk of details about its business, which Musk said was his reason for trying to back out of his $44 billion deal to buy the company. The stock has dropped 18.5% over the past three months through Thursday, while the S&P 500 has edged up 0.1%.

-Tomi Kilgore


(END) Dow Jones Newswires

August 05, 2022 07:19 ET (11:19 GMT)

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