Dimensional Fund Advisors LP Purchases 16,214 Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Dimensional Fund Advisors LP lifted its position in Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,985,685 shares of the financial services provider's stock after purchasing an additional 16,214 shares during the quarter. Dimensional Fund Advisors LP owned 3.49% of Seacoast Banking Co. of Florida worth $82,195,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Seacoast Banking Co. of Florida by 154.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,120 shares of the financial services provider's stock valued at $31,000 after buying an additional 679 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Seacoast Banking Co. of Florida during the 4th quarter valued at about $34,000. Sterling Capital Management LLC increased its stake in Seacoast Banking Co. of Florida by 811.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,662 shares of the financial services provider's stock valued at $73,000 after acquiring an additional 2,370 shares during the period. Venturi Wealth Management LLC acquired a new position in Seacoast Banking Co. of Florida in the fourth quarter worth about $76,000. Finally, KBC Group NV lifted its stake in Seacoast Banking Co. of Florida by 33.7% during the fourth quarter. KBC Group NV now owns 4,447 shares of the financial services provider's stock worth $122,000 after purchasing an additional 1,121 shares during the period. 81.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SBCF. Stephens lowered their price objective on Seacoast Banking Co. of Florida from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Raymond James restated an "outperform" rating and issued a $31.00 target price (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, January 29th. StockNews.com cut shares of Seacoast Banking Co. of Florida from a "hold" rating to a "sell" rating in a research report on Friday, April 25th. Finally, Keefe, Bruyette & Woods cut 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 report on Wednesday, April 30th. One 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. Based on data from MarketBeat.com, Seacoast Banking Co. of Florida has a consensus rating of "Hold" and an average target price of $29.40.

Seacoast Banking Co. of Florida Price Performance

Shares of SBCF stock traded up $0.12 during trading hours on Monday, hitting $24.60. 19,344 shares of the company's stock were exchanged, compared to its average volume of 421,543. Seacoast Banking Co. of Florida has a 52 week low of $21.36 and a 52 week high of $31.68. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 17.22 and a beta of 0.97. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.85 and a quick ratio of 0.85. The stock's 50-day moving average is $24.81 and its 200-day moving average is $27.06.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $138.41 million. Seacoast Banking Co. of Florida's quarterly revenue was up 12.0% on a year-over-year basis. As a group, research analysts forecast that Seacoast Banking Co. of Florida will post 1.71 EPS for the current year.

Seacoast Banking Co. of Florida Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Friday, June 13th. Seacoast Banking Co. of Florida's dividend payout ratio (DPR) is presently 48.32%.

About Seacoast Banking Co. of Florida

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.