Moseley Investment Management Inc. Makes New $335,000 Investment in Seacoast Banking Corporation of Florida $SBCF

Key Points

• Moseley Investment Management Inc. has invested approximately $335,000 in Seacoast Banking Corporation of Florida, acquiring 12,116 shares during the second quarter.
• The company recently declared a quarterly dividend of $0.18, resulting in an annualized yield of 2.3% and a dividend payout ratio of 44.17%.
• Analysts have set a consensus price target of $29.80 for the stock, with ratings including one Strong Buy, two Buy, and four Hold ratings.

Moseley Investment Management Inc. purchased a new position in shares of Seacoast Banking Corporation of Florida (NASDAQ:SBCF - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,116 shares of the financial services provider's stock, valued at approximately $335,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Seacoast Banking Corporation of Florida during the 1st quarter worth approximately $27,000. IFP Advisors Inc raised its stake in shares of Seacoast Banking Corporation of Florida by 343.9% during the 1st quarter. IFP Advisors Inc now owns 1,283 shares of the financial services provider's stock worth $33,000 after purchasing an additional 994 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Seacoast Banking Corporation of Florida by 38.0% during the 1st quarter. GAMMA Investing LLC now owns 1,670 shares of the financial services provider's stock worth $43,000 after purchasing an additional 460 shares in the last quarter. CWM LLC raised its stake in shares of Seacoast Banking Corporation of Florida by 61.6% during the 1st quarter. CWM LLC now owns 2,635 shares of the financial services provider's stock worth $68,000 after purchasing an additional 1,004 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new stake in shares of Seacoast Banking Corporation of Florida during the 2nd quarter worth approximately $242,000. Institutional investors own 81.77% of the company's stock.

Seacoast Banking Corporation of Florida Stock Down 1.2%

SBCF opened at $31.30 on Friday. Seacoast Banking Corporation of Florida has a 1-year low of $21.36 and a 1-year high of $32.33. The stock's fifty day simple moving average is $30.18 and its 200 day simple moving average is $27.29. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.36. The stock has a market cap of $2.75 billion, a PE ratio of 19.20 and a beta of 0.94.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF - Get Free Report) last posted its quarterly earnings results on Monday, February 14th. The financial services provider reported $0.55 earnings per share for the quarter. Seacoast Banking Corporation of Florida had a return on equity of 6.65% and a net margin of 16.63%.The business had revenue of $83.85 million for the quarter. As a group, research analysts expect that Seacoast Banking Corporation of Florida will post 1.71 earnings per share for the current year.

Seacoast Banking Corporation of Florida Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, September 15th. Seacoast Banking Corporation of Florida's dividend payout ratio is currently 44.17%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SBCF. Raymond James Financial set a $33.00 price objective on Seacoast Banking Corporation of Florida and gave the stock an "outperform" rating in a research note on Tuesday. Zacks Research upgraded Seacoast Banking Corporation of Florida from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Wall Street Zen upgraded Seacoast Banking Corporation of Florida from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Weiss Ratings restated a "hold (c+)" rating on shares of Seacoast Banking Corporation of Florida in a research note on Wednesday. Finally, Keefe, Bruyette & Woods increased their price target on Seacoast Banking Corporation of Florida from $32.00 to $33.00 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $29.80.

Seacoast Banking Corporation of Florida 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.

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