Seacoast Banking Corporation (FL) (SBCF)

[Superfly15]

Thought I would create a forum for this bank, which I feel is a decent SPECULATIVE play going forward @ 1.20, possibly wont need a R/S like many. They are now the big player on the Treasure coast with a big competitor failing this past spring. The yahoo board seems to get pretty dirty with this stock, so thought it might be better suited here. Their capital ratios have improved significantly in the past year, they have tried to acquire a bank in the past year, and they are actually lending money down in Florida right now.

Curious to know other's thoughts.

GLTA


Description :

Seacoast Banking Corporation of Florida is a bank holding company that operates through its principal subsidiary, Seacoast National Bank (Seacoast National). The Company and its subsidiaries offer an array of deposit accounts and retail banking services, engage in consumer and commercial lending, and provide a variety of trust and asset management services, as well as securities and annuity products. As of December 31, 2009, Seacoast National had 40 banking offices in 13 counties in Florida. As of December 31, 2009, the Company had 24 branches in the Treasure Coast, including the counties of Martin, St. Lucie and Indian River on Florida’s southeastern coast.

Ticker : http://www.google.com/finance?q=SBCF

Company website : http://www.seacoastbanking.com/

Investor Relations/News : http://www.snl.com/irweblinkx/news.aspx?iid=100425

Ownership : http://moneycentral.msn.com/ownership?Symbol=SBCF

Insider ownership : http://www.secform4.com/insider-trading/730708.htm

Recent news :

Seacoast National Bank getting healthier thanks to stock sales and residential lending

By George Andreassi
Posted September 1, 2010 at 6:06 p.m., updated September 2, 2010 at 12:02 a.m.
www.tcpalm.com/news/2010/sep/01/seacoast-national-bank-getting-healthier-thanks/

10 Bank Acquisition Targets
By Philip van Doorn 09/03/10 - 10:00 AM EDT
www.thestreet.com/story/10851538/1/10-bank-acquisition-targets.html?puc=_mdb_html_pla3&cm_ven=EMAIL_mdb_html