Ceredex Value Advisors LLC Boosts Stock Position in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Ceredex Value Advisors LLC boosted its position in Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 6.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,204 shares of the financial services provider's stock after buying an additional 32,250 shares during the period. Ceredex Value Advisors LLC owned approximately 0.59% of Seacoast Banking Co. of Florida worth $13,853,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SBCF. Envestnet Portfolio Solutions Inc. increased its stake in shares of Seacoast Banking Co. of Florida by 3.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,554 shares of the financial services provider's stock worth $318,000 after purchasing an additional 380 shares in the last quarter. Mariner LLC grew its stake in Seacoast Banking Co. of Florida by 2.8% in the 4th quarter. Mariner LLC now owns 15,132 shares of the financial services provider's stock valued at $417,000 after buying an additional 407 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Seacoast Banking Co. of Florida by 6.0% during the 4th quarter. CIBC Asset Management Inc now owns 8,393 shares of the financial services provider's stock valued at $231,000 after acquiring an additional 478 shares during the period. Synovus Financial Corp raised its holdings in Seacoast Banking Co. of Florida by 1.6% during the 4th quarter. Synovus Financial Corp now owns 33,235 shares of the financial services provider's stock valued at $915,000 after acquiring an additional 539 shares during the period. Finally, Summit Investment Advisors Inc. lifted its position in shares of Seacoast Banking Co. of Florida by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,838 shares of the financial services provider's stock worth $243,000 after acquiring an additional 562 shares in the last quarter. Institutional investors and hedge funds own 81.77% of the company's stock.

Seacoast Banking Co. of Florida Stock Up 0.4 %

Shares of NASDAQ:SBCF traded up $0.10 during trading on Friday, hitting $22.95. The stock had a trading volume of 564,082 shares, compared to its average volume of 424,798. The company has a market capitalization of $1.96 billion, a PE ratio of 16.05 and a beta of 0.97. The firm's fifty day moving average is $25.85 and its 200 day moving average is $27.26. Seacoast Banking Co. of Florida has a 12 month low of $21.36 and a 12 month high of $31.68. 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 (NASDAQ:SBCF - Get Free Report) last announced its earnings results on Monday, January 27th. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.15. Seacoast Banking Co. of Florida had a net margin of 14.95% and a return on equity of 5.91%. Analysts anticipate that Seacoast Banking Co. of Florida will post 1.71 EPS for the current fiscal year.

Seacoast Banking Co. of Florida Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 3.14%. Seacoast Banking Co. of Florida's payout ratio is 50.35%.

Analyst Upgrades and Downgrades

SBCF has been the topic of a number of recent research reports. StockNews.com raised Seacoast Banking Co. of Florida from a "sell" rating to a "hold" rating in a report on Friday, April 11th. Raymond James restated an "outperform" rating and issued a $31.00 price objective (up from $29.00) on shares of Seacoast Banking Co. of Florida in a research report on Wednesday, January 29th. Finally, Stephens raised their price target on shares of Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the company an "equal weight" rating in a report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Seacoast Banking Co. of Florida presently has a consensus rating of "Hold" and a consensus target price of $30.00.

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.