July 10, 2008
Knobias Clip Report (07-09-2008) SBCF
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Submitted By Knobias ClipReport
SBCF: Seacoast Banking Gains on Upgrade from Sterne Agee
Shares of Seacoast Banking (SBCF) jumped over 9% in morning trading on Wednesday after the Company was Upgraded at Sterne Agee. The firm cited valuation and does not believe Seacoast will need to raise capital (source: TheFlyOnTheWall).
Seacoast reached an early session high of $8.49, up $0.98 from its previous close of $7.51. Sterne Agee set the Company’s price target at $10.
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