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Fly News Breaks for March 29, 2016
SBCF
Mar 29, 2016 | 06:54 EDT
FBR Capital analyst Bob Ramsey upgraded Seacoast Banking Corp. of Florida to Outperform saying activist investor Basswood Capital's material increase in ownership could ultimately result in either a sale or improved performance. The analyst estimates Seacoast could be worth $18 to $25 per share in a sale. He raised his price target for the stock to $20 from $16.
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