Boothbay Fund Management Boosts Stake in Seacoast Banking Corporation

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Boothbay Fund Management LLC has increased its stake in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) by 48.2% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The institutional investor now owns 187,879 shares of the financial services provider's stock, valued at $5.7 million.

Why it matters

Seacoast Banking Corporation is a regional bank holding company headquartered in Stuart, Florida, with a focus on commercial and retail banking services across the state's coastal region. The increase in Boothbay's stake suggests the fund sees growth potential in the company, which could signal positive market sentiment around Seacoast's performance and future prospects.

The details

According to the 13F filing, Boothbay Fund Management acquired an additional 61,119 shares of Seacoast Banking Corporation during the third quarter, bringing its total position to 187,879 shares. This represents a 48.2% increase in the fund's holdings of the financial services provider's stock.

• Boothbay Fund Management increased its stake in Seacoast Banking Corporation during the 3rd quarter of 2026.