UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 26,631 Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 17.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 175,497 shares of the financial services provider's stock after acquiring an additional 26,631 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Seacoast Banking Co. of Florida worth $4,831,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. North Reef Capital Management LP lifted its holdings 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 purchasing an additional 150,000 shares in the last quarter. Dimensional Fund Advisors LP raised 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 in the last quarter. Deprince Race & Zollo Inc. raised 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 in the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of Seacoast Banking Co. of Florida by 0.6% in the 4th quarter. Segall Bryant & Hamill LLC now owns 1,858,183 shares of the financial services provider's stock valued at $51,156,000 after acquiring an additional 11,765 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of Seacoast Banking Co. of Florida by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 1,160,182 shares of the financial services provider's stock valued at $31,940,000 after acquiring an additional 27,825 shares in the last quarter. Institutional investors own 81.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SBCF shares. Keefe, Bruyette & Woods raised their price target on Seacoast Banking Co. of Florida from $31.00 to $32.00 and gave the company an "outperform" rating in a report on Monday. Stephens lowered their price target on Seacoast Banking Co. of Florida from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Hovde Group raised their price target on Seacoast Banking Co. of Florida from $27.00 to $29.00 and gave the company a "market perform" rating in a report on Wednesday. Finally, Wall Street Zen cut Seacoast Banking Co. of Florida from a "hold" rating to a "sell" rating in a report on Friday, May 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $29.20.

Seacoast Banking Co. of Florida Price Performance

Shares of NASDAQ SBCF traded down $0.11 during trading hours on Thursday, reaching $25.47. 406,235 shares of the stock traded hands, compared to its average volume of 428,127. The company has a market capitalization of $2.19 billion, a P/E ratio of 17.81 and a beta of 0.89. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.16. Seacoast Banking Co. of Florida has a 52-week low of $21.36 and a 52-week high of $31.68. The company's 50-day simple moving average is $24.23 and its two-hundred day simple moving average is $26.63.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.38 earnings per share 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 analysts' expectations of $138.41 million. Seacoast Banking Co. of Florida had a net margin of 14.95% and a return on equity of 5.91%. Seacoast Banking Co. of Florida's revenue for the quarter was up 12.0% on a year-over-year basis. Equities 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.83%. Seacoast Banking Co. of Florida's dividend payout ratio is 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.