Price T Rowe Associates Inc. MD Sells 52,447 Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Price T Rowe Associates Inc. MD lessened its holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 42.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,587 shares of the financial services provider's stock after selling 52,447 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.08% of Seacoast Banking Co. of Florida worth $1,971,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in shares of Seacoast Banking Co. of Florida by 154.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,120 shares of the financial services provider's stock worth $31,000 after purchasing an additional 679 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Seacoast Banking Co. of Florida during the fourth quarter worth $34,000. Sterling Capital Management LLC increased its holdings in Seacoast Banking Co. of Florida by 811.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,662 shares of the financial services provider's stock valued at $73,000 after acquiring an additional 2,370 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Seacoast Banking Co. of Florida during the 4th quarter worth approximately $76,000. Finally, KBC Group NV increased its position in Seacoast Banking Co. of Florida by 33.7% during the 4th quarter. KBC Group NV now owns 4,447 shares of the financial services provider's stock worth $122,000 after purchasing an additional 1,121 shares in the last quarter. Hedge funds and other institutional investors own 81.77% of the company's stock.

Seacoast Banking Co. of Florida Stock Performance

SBCF stock traded down $0.17 on Friday, reaching $24.75. 227,980 shares of the company were exchanged, compared to its average volume of 422,134. The stock's fifty day moving average price is $24.47 and its 200 day moving average price is $26.97. The firm has a market capitalization of $2.12 billion, a PE ratio of 17.31 and a beta of 0.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.85 and a quick ratio of 0.85. Seacoast Banking Co. of Florida has a 12 month low of $21.36 and a 12 month high of $31.68.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). Seacoast Banking Co. of Florida had a net margin of 14.95% and a return on equity of 5.91%. The firm had revenue of $140.70 million during the quarter, compared to analyst estimates of $138.41 million. The business's revenue was up 12.0% compared to the same quarter last year. On average, research analysts anticipate that Seacoast Banking Co. of Florida will post 1.71 EPS for the current fiscal year.

Seacoast Banking Co. of Florida Announces Dividend

The firm 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. The ex-dividend date is Friday, June 13th. This represents a $0.72 annualized dividend and a dividend yield of 2.91%. Seacoast Banking Co. of Florida's dividend payout ratio is presently 48.32%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SBCF shares. Stephens dropped their price objective on shares of Seacoast Banking Co. of Florida from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Raymond James reissued an "outperform" rating and set a $31.00 price objective (up from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. StockNews.com lowered shares of Seacoast Banking Co. of Florida from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods reduced their price objective on Seacoast Banking Co. of Florida from $32.00 to $31.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.