Tudor Investment Corp ET AL Sells 20,975 Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Tudor Investment Corp ET AL decreased its position in Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 40.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,154 shares of the financial services provider's stock after selling 20,975 shares during the period. Tudor Investment Corp ET AL's holdings in Seacoast Banking Co. of Florida were worth $858,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SBCF. JPMorgan Chase & Co. increased its stake in shares of Seacoast Banking Co. of Florida by 182.3% during the 4th quarter. JPMorgan Chase & Co. now owns 680,337 shares of the financial services provider's stock worth $18,730,000 after purchasing an additional 439,346 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Seacoast Banking Co. of Florida during the fourth quarter valued at about $6,850,000. Tributary Capital Management LLC boosted its holdings in shares of Seacoast Banking Co. of Florida by 44.4% in the fourth quarter. Tributary Capital Management LLC now owns 654,854 shares of the financial services provider's stock worth $18,028,000 after acquiring an additional 201,494 shares during the period. Invesco Ltd. grew its holdings in Seacoast Banking Co. of Florida by 94.5% during the 4th quarter. Invesco Ltd. now owns 405,500 shares of the financial services provider's stock valued at $11,163,000 after buying an additional 197,067 shares in the last quarter. Finally, North Reef Capital Management LP boosted its holdings in Seacoast Banking Co. of Florida by 3.7% in the 4th quarter. North Reef Capital Management LP now owns 4,230,000 shares of the financial services provider's stock valued at $116,452,000 after purchasing an additional 150,000 shares during the period. Institutional investors own 81.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SBCF. StockNews.com cut shares of Seacoast Banking Co. of Florida from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods cut their target price on shares of Seacoast Banking Co. of Florida from $32.00 to $31.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Stephens dropped their price target 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 report on Monday, April 28th. Finally, Raymond James restated an "outperform" rating and issued a $31.00 price objective (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $29.40.

Seacoast Banking Co. of Florida Stock Up 4.2%

Seacoast Banking Co. of Florida stock traded up $1.05 during trading hours on Monday, hitting $25.80. 45,746 shares of the stock traded hands, compared to its average volume of 420,777. The company has a market cap of $2.22 billion, a PE ratio of 17.97 and a beta of 0.89. The firm's 50-day moving average price is $24.47 and its two-hundred day moving average price is $26.97. Seacoast Banking Co. of Florida has a one year low of $21.36 and a one year high of $31.68. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last issued 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 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 the consensus estimate of $138.41 million. Seacoast Banking Co. of Florida's quarterly revenue was up 12.0% on a year-over-year basis. On average, research analysts forecast that Seacoast Banking Co. of Florida will post 1.71 EPS for the current 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 yield of 2.79%. Seacoast Banking Co. of Florida's dividend payout ratio (DPR) is presently 48.32%.

Seacoast Banking Co. of Florida 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.