Seacoast Banking Co. of Florida (NASDAQ:SBCF) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL decreased its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 40.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,154 shares of the financial services provider's stock after selling 20,975 shares during the quarter. Tudor Investment Corp ET AL's holdings in Seacoast Banking Co. of Florida were worth $858,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in shares of Seacoast Banking Co. of Florida by 154.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,120 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 679 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Seacoast Banking Co. of Florida in the 4th quarter worth $34,000. Sterling Capital Management LLC grew its position in shares of 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 worth $73,000 after buying an additional 2,370 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Seacoast Banking Co. of Florida during the fourth quarter valued at $76,000. Finally, KBC Group NV raised its holdings in shares of Seacoast Banking Co. of Florida by 33.7% in the fourth quarter. KBC Group NV now owns 4,447 shares of the financial services provider's stock valued at $122,000 after acquiring an additional 1,121 shares in the last quarter. 81.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on SBCF. StockNews.com cut shares of Seacoast Banking Co. of Florida from a "hold" rating to a "sell" rating in a report on Tuesday. Stephens cut their price objective on shares of 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. Keefe, Bruyette & Woods lowered their target price on Seacoast Banking Co. of Florida from $32.00 to $31.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Raymond James reiterated an "outperform" rating and issued a $31.00 price target (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 stock. According to MarketBeat.com, Seacoast Banking Co. of Florida presently has a consensus rating of "Hold" and an average price target of $29.40.

Seacoast Banking Co. of Florida Stock Down 0.7 %

Shares of SBCF stock traded down $0.17 during trading hours on Friday, reaching $24.75. 227,980 shares of the company's stock were exchanged, compared to its average volume of 422,134. Seacoast Banking Co. of Florida has a fifty-two week low of $21.36 and a fifty-two week high of $31.68. The stock's 50 day moving average is $24.47 and its 200-day moving average is $26.97. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 17.31 and a beta of 0.89.

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 business had revenue of $140.70 million during the quarter, compared to analysts' expectations of $138.41 million. The company's revenue was up 12.0% compared to the same quarter last year. Analysts predict that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current fiscal year.

Seacoast Banking Co. of Florida Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.72 dividend on an annualized basis and a yield of 2.91%. Seacoast Banking Co. of Florida's payout ratio is 48.32%.

About Seacoast Banking Co. of Florida

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.