UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $4.83 Million Position in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 175,497 shares of the financial services provider's stock after buying an additional 26,631 shares during the period. 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 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SBCF. Barclays PLC increased its position in Seacoast Banking Co. of Florida by 112.0% in the 3rd quarter. Barclays PLC now owns 178,355 shares of the financial services provider's stock worth $4,754,000 after buying an additional 94,242 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Seacoast Banking Co. of Florida by 24.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 9,816 shares of the financial services provider's stock worth $270,000 after purchasing an additional 1,930 shares in the last quarter. KBC Group NV grew its holdings in shares of Seacoast Banking Co. of Florida by 33.7% during the 4th 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 in the last quarter. Rhumbline Advisers grew its holdings in shares of Seacoast Banking Co. of Florida by 0.3% during the 4th quarter. Rhumbline Advisers now owns 256,011 shares of the financial services provider's stock worth $7,048,000 after purchasing an additional 717 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Seacoast Banking Co. of Florida by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 410,632 shares of the financial services provider's stock worth $11,305,000 after purchasing an additional 12,142 shares in the last quarter. 81.77% of the stock is owned by institutional investors.

Seacoast Banking Co. of Florida Price Performance

SBCF stock traded up $0.43 during trading on Friday, hitting $25.90. The company had a trading volume of 578,167 shares, compared to its average volume of 430,627. The company has a fifty day moving average price of $24.23 and a two-hundred day moving average price of $26.56. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.23 billion, a P/E ratio of 18.11 and a beta of 0.92. Seacoast Banking Co. of Florida has a fifty-two week low of $21.36 and a fifty-two week high of $31.68.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.02). The company had revenue of $140.70 million during the quarter, compared to analyst estimates 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 firm's revenue for the quarter was up 12.0% on a year-over-year basis. Equities research analysts expect that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current fiscal year.

Seacoast Banking Co. of Florida Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Friday, June 13th. Seacoast Banking Co. of Florida's dividend payout ratio is currently 48.32%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SBCF shares. Stephens decreased 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 report on Monday, April 28th. Wall Street Zen lowered Seacoast Banking Co. of Florida from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Hovde Group boosted 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 research note on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price target on Seacoast Banking Co. of Florida from $31.00 to $32.00 and gave the company an "outperform" rating in a research note on Monday, June 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $29.20.

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.