Ceredex Value Advisors LLC Sells 47,696 Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Ceredex Value Advisors LLC lowered its holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 562,354 shares of the financial services provider's stock after selling 47,696 shares during the quarter. Ceredex Value Advisors LLC owned about 0.66% of Seacoast Banking Co. of Florida worth $16,005,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of SBCF. First Horizon Advisors Inc. boosted its stake in Seacoast Banking Co. of Florida by 39.8% in the third quarter. First Horizon Advisors Inc. now owns 1,827 shares of the financial services provider's stock worth $40,000 after purchasing an additional 520 shares in the last quarter. FMR LLC raised its position in shares of Seacoast Banking Co. of Florida by 147.7% during the first quarter. FMR LLC now owns 2,088 shares of the financial services provider's stock worth $49,000 after acquiring an additional 1,245 shares during the last quarter. Fairfield Bush & CO. bought a new stake in shares of Seacoast Banking Co. of Florida during the first quarter worth $60,000. Tower Research Capital LLC TRC raised its position in shares of Seacoast Banking Co. of Florida by 156.2% during the third quarter. Tower Research Capital LLC TRC now owns 3,331 shares of the financial services provider's stock worth $73,000 after acquiring an additional 2,031 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in shares of Seacoast Banking Co. of Florida by 52.1% during the first quarter. Captrust Financial Advisors now owns 2,973 shares of the financial services provider's stock worth $104,000 after acquiring an additional 1,018 shares during the last quarter. Institutional investors and hedge funds own 81.77% of the company's stock.

Seacoast Banking Co. of Florida Trading Up 1.0 %

Shares of Seacoast Banking Co. of Florida stock traded up $0.25 during trading hours on Monday, hitting $24.23. The company's stock had a trading volume of 294,315 shares, compared to its average volume of 406,638. Seacoast Banking Co. of Florida has a 12 month low of $17.93 and a 12 month high of $29.98. The stock has a 50 day moving average of $24.48 and a 200 day moving average of $24.30. The company has a market capitalization of $2.06 billion, a PE ratio of 19.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.85 and a quick ratio of 0.85.

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

Seacoast Banking Co. of Florida Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.97%. Seacoast Banking Co. of Florida's dividend payout ratio is currently 58.06%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SBCF shares. Raymond James boosted their target price 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 dropped their price objective on Seacoast Banking Co. of Florida from $28.00 to $27.00 and set a "hold" rating for the company in a report on Monday, April 1st. One equities research 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. According to MarketBeat, Seacoast Banking Co. of Florida has an average rating of "Hold" and an average price target of $25.63.

Seacoast Banking Co. of Florida 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.