This Insider Has Just Sold Shares In Seacoast Banking Corporation of Florida

We wouldn't blame Seacoast Banking Corporation of Florida (NASDAQ:SBCF) shareholders if they were a little worried about the fact that Charles Shaffer, the Chairman recently netted about US$645k selling shares at an average price of US$30.36. That's a big disposal, and it decreased their holding size by 10%, which is notable but not too bad.

View our latest analysis for Seacoast Banking Corporation of Florida

Seacoast Banking Corporation of Florida Insider Transactions Over The Last Year

Notably, that recent sale by Charles Shaffer is the biggest insider sale of Seacoast Banking Corporation of Florida shares that we've seen in the last year. That means that an insider was selling shares at around the current price of US$29.50. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Insiders in Seacoast Banking Corporation of Florida didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Seacoast Banking Corporation of Florida better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of Seacoast Banking Corporation of Florida

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Seacoast Banking Corporation of Florida insiders own 1.5% of the company, worth about US$38m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At Seacoast Banking Corporation of Florida Tell Us?

An insider hasn't bought Seacoast Banking Corporation of Florida stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But since Seacoast Banking Corporation of Florida is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 1 warning sign with Seacoast Banking Corporation of Florida and understanding it should be part of your investment process.

Of course Seacoast Banking Corporation of Florida may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.