Aptus Capital Advisors LLC Buys 86,175 Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Aptus Capital Advisors LLC increased its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 38.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 307,456 shares of the financial services provider's stock after purchasing an additional 86,175 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.36% of Seacoast Banking Co. of Florida worth $8,464,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Seacoast Banking Co. of Florida by 112.0% during the third quarter. Barclays PLC now owns 178,355 shares of the financial services provider's stock worth $4,754,000 after buying an additional 94,242 shares in the last quarter. World Investment Advisors LLC acquired a new position in Seacoast Banking Co. of Florida in the 3rd quarter worth about $459,000. Synovus Financial Corp raised its position in Seacoast Banking Co. of Florida by 7.9% in the third quarter. Synovus Financial Corp now owns 32,696 shares of the financial services provider's stock valued at $871,000 after purchasing an additional 2,396 shares during the last quarter. Neville Rodie & Shaw Inc. bought a new position in Seacoast Banking Co. of Florida in the fourth quarter valued at about $206,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in shares of Seacoast Banking Co. of Florida during the fourth quarter valued at about $203,000. Institutional investors own 81.77% of the company's stock.

Seacoast Banking Co. of Florida Stock Performance

SBCF stock traded down $0.09 during mid-day trading on Tuesday, hitting $24.28. The company had a trading volume of 362,711 shares, compared to its average volume of 421,725. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $2.08 billion, a PE ratio of 16.98 and a beta of 0.89. Seacoast Banking Co. of Florida has a 12 month low of $21.36 and a 12 month high of $31.68. The stock's fifty day moving average price is $24.67 and its two-hundred day moving average price is $27.02.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). Seacoast Banking Co. of Florida had a return on equity of 5.91% and a net margin of 14.95%. The company had revenue of $140.70 million during the quarter, compared to the consensus estimate of $138.41 million. The firm's revenue was up 12.0% on a year-over-year basis. On average, analysts forecast that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current fiscal year.

Seacoast Banking Co. of Florida Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Friday, June 13th. Seacoast Banking Co. of Florida's dividend payout ratio is currently 48.32%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SBCF. StockNews.com lowered shares of Seacoast Banking Co. of Florida from a "hold" rating to a "sell" rating in a report on Tuesday. Keefe, Bruyette & Woods decreased their price target on shares of Seacoast Banking Co. of Florida from $32.00 to $31.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Stephens lowered their target price on shares of Seacoast Banking Co. of Florida from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Finally, Raymond James restated an "outperform" rating and set a $31.00 price target (up from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $29.40.

Seacoast Banking Co. of Florida Company Profile

Seacoast Banking Corp. of Florida is a financial holding company, which engages in the provision of integrated financial services. It provides banking and investment services to businesses and consumers, including personal and business deposit products, Internet and mobile banking, personal, commercial and mortgage loans, wealth management services, and treasury management solutions.