Shares of Professional Holding Corp. (PFHD) are trading 30% higher at a price of $30.01 at the time of this writing. The share price is moving on news that Seacoast Banking Corporation of Florida (“Seacoast”) (NASDAQ: SBCF) is buying Professional.
Professional Holding Corp. has been trading between a 52-week high of $31.12 and a 52-week low of $17.45. The stock has a market cap of $413 Million.
Headquartered in Coral Gables, Fla., Professional Bank is one of South Florida’s fastest-growing community banks. A subsidiary of financial holding company Professional Holding Corp. (NASDAQ: PFHD), Professional Bank specializes in construction, residential and commercial real estate financing as well as business loans and lines of credit, including SBA financing.