Jefferies Financial Group Inc. Purchases New Position in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Jefferies Financial Group Inc. purchased a new position in Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 176,735 shares of the financial services provider's stock, valued at approximately $4,866,000. Jefferies Financial Group Inc. owned 0.21% of Seacoast Banking Co. of Florida as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its position 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 worth $31,000 after buying an additional 679 shares during the period. Kestra Investment Management LLC bought a new position in Seacoast Banking Co. of Florida in the 4th quarter worth approximately $34,000. Sterling Capital Management LLC increased its position in Seacoast Banking Co. of Florida by 811.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,662 shares of the financial services provider's stock worth $73,000 after buying an additional 2,370 shares during the period. Venturi Wealth Management LLC bought a new position in Seacoast Banking Co. of Florida in the 4th quarter worth approximately $76,000. Finally, KBC Group NV increased its position in Seacoast Banking Co. of Florida by 33.7% in the 4th quarter. KBC Group NV now owns 4,447 shares of the financial services provider's stock worth $122,000 after buying an additional 1,121 shares during the period. 81.77% of the stock is owned by institutional investors.

Seacoast Banking Co. of Florida Stock Performance

Shares of SBCF traded up $0.80 on Friday, reaching $25.85. 1,130,193 shares of the stock traded hands, compared to its average volume of 424,652. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 18.08 and a beta of 0.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.85 and a quick ratio of 0.85. Seacoast Banking Co. of Florida has a 12 month low of $21.36 and a 12 month high of $31.68. The stock's 50-day moving average price is $24.24 and its 200-day moving average price is $26.71.

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

Seacoast Banking Co. of Florida Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Friday, June 13th. Seacoast Banking Co. of Florida's dividend payout ratio is 48.32%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price objective on Seacoast Banking Co. of Florida from $32.00 to $31.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. 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 report on Monday, April 28th. Finally, Wall Street Zen cut Seacoast Banking Co. of Florida from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.