Jefferies Financial Group Inc. Takes $4.87 Million Position in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Jefferies Financial Group Inc. acquired a new stake in Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 176,735 shares of the financial services provider's stock, valued at approximately $4,866,000. Jefferies Financial Group Inc. owned approximately 0.21% of Seacoast Banking Co. of Florida at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SBCF. North Reef Capital Management LP lifted its position in Seacoast Banking Co. of Florida by 3.7% during the 4th quarter. North Reef Capital Management LP now owns 4,230,000 shares of the financial services provider's stock worth $116,452,000 after acquiring an additional 150,000 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Seacoast Banking Co. of Florida by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,985,685 shares of the financial services provider's stock valued at $82,195,000 after acquiring an additional 16,214 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of Seacoast Banking Co. of Florida by 0.7% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,011,523 shares of the financial services provider's stock valued at $55,377,000 after acquiring an additional 14,536 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in Seacoast Banking Co. of Florida by 0.6% during the 4th quarter. Segall Bryant & Hamill LLC now owns 1,858,183 shares of the financial services provider's stock worth $51,156,000 after buying an additional 11,765 shares during the last quarter. Finally, William Blair Investment Management LLC grew its stake in Seacoast Banking Co. of Florida by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,160,182 shares of the financial services provider's stock worth $31,940,000 after buying an additional 27,825 shares during the last quarter. 81.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on SBCF shares. Stephens reduced their price target on Seacoast Banking Co. of Florida from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Wall Street Zen lowered Seacoast Banking Co. of Florida from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. Keefe, Bruyette & Woods cut their price target on 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. Finally, Raymond James reissued an "outperform" rating and issued a $31.00 price objective (up from $29.00) on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $29.40.

Seacoast Banking Co. of Florida Trading Up 0.6%

NASDAQ:SBCF traded up $0.14 on Thursday, reaching $25.05. 414,723 shares of the stock traded hands, compared to its average volume of 421,447. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 17.52 and a beta of 0.89. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. Seacoast Banking Co. of Florida has a 1-year low of $21.36 and a 1-year high of $31.68. The company's 50 day moving average is $24.29 and its 200-day moving average is $26.77.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last released its 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). The business 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 return on equity of 5.91% and a net margin of 14.95%. The company's revenue for the quarter was up 12.0% on a year-over-year basis. Equities research analysts anticipate that Seacoast Banking Co. of Florida will post 1.71 EPS for the current fiscal year.

Seacoast Banking Co. of Florida Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Friday, June 13th. Seacoast Banking Co. of Florida's payout ratio is currently 48.32%.

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.