Jefferies Financial Group Inc. purchased a new position in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 176,735 shares of the financial services provider's stock, valued at approximately $4,866,000. Jefferies Financial Group Inc. owned 0.21% of Seacoast Banking Co. of Florida as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBCF. Barclays PLC lifted its stake in Seacoast Banking Co. of Florida by 112.0% during the third quarter. Barclays PLC now owns 178,355 shares of the financial services provider's stock worth $4,754,000 after purchasing an additional 94,242 shares during the period. ZWJ Investment Counsel Inc. bought a new position in Seacoast Banking Co. of Florida during the fourth quarter worth about $203,000. Janney Montgomery Scott LLC lifted its stake in Seacoast Banking Co. of Florida by 24.5% during the fourth 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 during the period. Tributary Capital Management LLC boosted its holdings in shares of Seacoast Banking Co. of Florida by 44.4% in the 4th quarter. Tributary Capital Management LLC now owns 654,854 shares of the financial services provider's stock worth $18,028,000 after acquiring an additional 201,494 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Seacoast Banking Co. of Florida by 33.7% in the 4th quarter. KBC Group NV now owns 4,447 shares of the financial services provider's stock worth $122,000 after acquiring an additional 1,121 shares in the last quarter. Institutional investors own 81.77% of the company's stock.
Seacoast Banking Co. of Florida Trading Down 0.1%
SBCF stock traded down $0.03 during trading on Friday, hitting $25.84. The company had a trading volume of 443,016 shares, compared to its average volume of 422,235. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average price of $24.44 and a 200-day moving average price of $26.93. Seacoast Banking Co. of Florida has a 12 month low of $21.36 and a 12 month high of $31.68. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 18.07 and a beta of 0.89.
Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.02). Seacoast Banking Co. of Florida had a return on equity of 5.91% and a net margin of 14.95%. The company had revenue of $140.70 million during the quarter, compared to the consensus estimate of $138.41 million. The business's revenue was up 12.0% on a year-over-year basis. As a group, analysts predict that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current year.
Seacoast Banking Co. of Florida Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.79%. The ex-dividend date is Friday, June 13th. Seacoast Banking Co. of Florida's dividend payout ratio (DPR) is presently 48.32%.
Analyst Ratings Changes
Several research analysts have recently commented on the company. StockNews.com downgraded Seacoast Banking Co. of Florida from a "hold" rating to a "sell" rating in a report on Friday. Raymond James reissued an "outperform" rating and issued a $31.00 target price (up from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their target price on Seacoast Banking Co. of Florida from $32.00 to $31.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Stephens reduced their target price 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. 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 company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $29.40.
Get Our Latest Stock Report on Seacoast Banking Co. of Florida
About Seacoast Banking Co. of Florida
(
Free Report)
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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