One Wealth Management Investment & Advisory Services LLC Acquires New Shares in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

One Wealth Management Investment & Advisory Services LLC acquired a new stake in Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 46,432 shares of the financial services provider's stock, valued at approximately $1,321,000. One Wealth Management Investment & Advisory Services LLC owned 0.05% of Seacoast Banking Co. of Florida as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. grew its position in shares of Seacoast Banking Co. of Florida by 1.4% in the 2nd quarter. BlackRock Inc. now owns 12,220,075 shares of the financial services provider's stock valued at $270,064,000 after purchasing an additional 169,421 shares during the period. State Street Corp grew its position in shares of Seacoast Banking Co. of Florida by 5.5% in the 2nd quarter. State Street Corp now owns 4,636,065 shares of the financial services provider's stock valued at $102,457,000 after purchasing an additional 240,107 shares during the period. Wellington Management Group LLP grew its position in shares of Seacoast Banking Co. of Florida by 31.7% in the 3rd quarter. Wellington Management Group LLP now owns 4,597,739 shares of the financial services provider's stock valued at $100,966,000 after purchasing an additional 1,106,724 shares during the period. Capital World Investors boosted its position in Seacoast Banking Co. of Florida by 1.2% during the 1st quarter. Capital World Investors now owns 4,156,901 shares of the financial services provider's stock worth $145,575,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Seacoast Banking Co. of Florida by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,116,385 shares of the financial services provider's stock worth $124,437,000 after acquiring an additional 10,598 shares during the last quarter. 81.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SBCF has been the subject of a number of recent research reports. Raymond James upped their price target on Seacoast Banking Co. of Florida from $23.00 to $27.50 and gave the stock an "outperform" rating in a research report on Tuesday, January 30th. Truist Financial reduced their price target on Seacoast Banking Co. of Florida from $28.00 to $27.00 and set a "hold" rating for the company in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Seacoast Banking Co. of Florida currently has a consensus rating of "Hold" and a consensus price target of $25.63.

Seacoast Banking Co. of Florida Stock Up 0.3 %

Shares of NASDAQ SBCF traded up $0.08 during trading hours on Friday, hitting $23.98. The company had a trading volume of 250,768 shares, compared to its average volume of 429,202. The stock has a market capitalization of $2.04 billion, a P/E ratio of 19.34 and a beta of 1.16. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.07. Seacoast Banking Co. of Florida has a 1-year low of $17.93 and a 1-year high of $29.98. The firm's 50 day moving average is $24.53 and its 200-day moving average is $24.29.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.05). The company had revenue of $128.16 million during the quarter, compared to analyst estimates of $135.33 million. Seacoast Banking Co. of Florida had a net margin of 13.54% and a return on equity of 5.04%. On average, analysts expect that Seacoast Banking Co. of Florida will post 1.47 earnings per share for the current fiscal year.

Seacoast Banking Co. of Florida Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Thursday, March 14th. Seacoast Banking Co. of Florida's payout ratio is presently 58.06%.

Seacoast Banking Co. of Florida Company Profile

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides integrated financial services to retail and commercial customers in Florida. The company offers noninterest and interest-bearing demand deposit, money market, savings, and customer sweep accounts; time certificates of deposit; construction and land development, commercial and residential real estate, and commercial and financial loans; and consumer loans, including installment loans and revolving lines, as well as loans for automobiles, boats, and personal and family purposes.