Navigoe LLC Invests $330,000 in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Navigoe LLC bought a new position in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,017 shares of the financial services provider's stock, valued at approximately $330,000.

Other institutional investors have also recently modified their holdings of the company. North Reef Capital Management LP boosted its position in Seacoast Banking Co. of Florida by 3.7% during the fourth quarter. North Reef Capital Management LP now owns 4,230,000 shares of the financial services provider's stock worth $116,452,000 after acquiring an additional 150,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Seacoast Banking Co. of Florida by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,985,685 shares of the financial services provider's stock valued at $82,195,000 after acquiring an additional 16,214 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in Seacoast Banking Co. of Florida by 0.6% during the 4th quarter. Segall Bryant & Hamill LLC now owns 1,858,183 shares of the financial services provider's stock worth $51,156,000 after buying an additional 11,765 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of Seacoast Banking Co. of Florida by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 1,160,182 shares of the financial services provider's stock valued at $31,940,000 after buying an additional 27,825 shares during the period. Finally, Royce & Associates LP raised its holdings in shares of Seacoast Banking Co. of Florida by 5.0% in the 4th quarter. Royce & Associates LP now owns 1,077,396 shares of the financial services provider's stock valued at $29,661,000 after purchasing an additional 50,818 shares in the last quarter. 81.77% of the stock is currently owned by institutional investors and hedge funds.

Seacoast Banking Co. of Florida Trading Up 0.6 %

Shares of SBCF traded up $0.15 on Monday, hitting $24.63. 62,306 shares of the stock traded hands, compared to its average volume of 421,718. The firm has a market capitalization of $2.11 billion, a P/E ratio of 17.22 and a beta of 0.97. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.16. Seacoast Banking Co. of Florida has a 1 year low of $21.36 and a 1 year high of $31.68. The stock's 50 day moving average is $24.81 and its two-hundred day moving average is $27.06.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.38 earnings per share (EPS) 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 analyst estimates of $138.41 million. Seacoast Banking Co. of Florida's revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts predict that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current year.

Seacoast Banking Co. of Florida Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.92%. Seacoast Banking Co. of Florida's dividend payout ratio (DPR) is currently 48.32%.

Analyst Upgrades and Downgrades

SBCF has been the subject of several research analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of Seacoast Banking Co. of Florida from $32.00 to $31.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Stephens decreased their target price on Seacoast Banking Co. 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. StockNews.com cut Seacoast Banking Co. of Florida from a "hold" rating to a "sell" rating in a research note on Friday, April 25th. Finally, Raymond James reissued an "outperform" rating and issued a $31.00 price objective (up from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $29.40.

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.