Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its position in Seacoast Banking Corporation of Florida (NASDAQ:SBCF - Free Report) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,916,743 shares of the financial services provider's stock after purchasing an additional 58,560 shares during the quarter. Seacoast Banking Corporation of Florida makes up 0.8% of Segall Bryant & Hamill LLC's investment portfolio, making the stock its 14th biggest holding. Segall Bryant & Hamill LLC owned about 2.24% of Seacoast Banking Corporation of Florida worth $49,318,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in Seacoast Banking Corporation of Florida during the 1st quarter worth approximately $27,000. GAMMA Investing LLC raised its holdings in Seacoast Banking Corporation of Florida by 38.0% during the first 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 during the last quarter. CWM LLC raised its holdings in Seacoast Banking Corporation of Florida by 61.6% during the first 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 during the last quarter. Sterling Capital Management LLC raised its holdings in Seacoast Banking Corporation of Florida by 811.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,662 shares of the financial services provider's stock worth $73,000 after purchasing an additional 2,370 shares during the last quarter. Finally, Algert Global LLC acquired a new position in Seacoast Banking Corporation of Florida during the fourth quarter worth $212,000. 81.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SBCF shares. Wall Street Zen cut Seacoast Banking Corporation of Florida from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Hovde Group raised their price target on Seacoast Banking Corporation of Florida from $27.00 to $29.00 and gave the stock a "market perform" rating in a research report on Wednesday, June 4th. Stephens dropped their price target on Seacoast Banking Corporation 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. Finally, Keefe, Bruyette & Woods raised their price target on Seacoast Banking Corporation of Florida from $31.00 to $32.00 and gave the stock an "outperform" rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Seacoast Banking Corporation of Florida has a consensus rating of "Hold" and a consensus price target of $29.20.

Seacoast Banking Corporation of Florida Trading Down 0.1%

Shares of NASDAQ:SBCF traded down $0.03 during midday trading on Friday, reaching $29.17. The company's stock had a trading volume of 587,416 shares, compared to its average volume of 451,518. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 19.58 and a beta of 0.94. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.26. Seacoast Banking Corporation of Florida has a 1 year low of $21.36 and a 1 year high of $31.68. The business has a 50 day moving average price of $26.60 and a 200 day moving average price of $26.25.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF - Get Free Report) last issued its earnings results 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). Seacoast Banking Corporation of Florida had a net margin of 15.44% and a return on equity of 6.11%. The firm had revenue of $140.70 million during the quarter, compared to analyst estimates of $138.41 million. The company's quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts forecast that Seacoast Banking Corporation of Florida will post 1.71 EPS for the current year.

Seacoast Banking Corporation of Florida Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Monday, September 15th. Seacoast Banking Corporation of Florida's dividend payout ratio is presently 48.32%.

Seacoast Banking Corporation 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.