Seacoast Banking Co. of Florida (NASDAQ:SBCF) Position Decreased by Endeavour Capital Advisors Inc.

Endeavour Capital Advisors Inc. lowered its position in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 52.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 145,775 shares of the financial services provider's stock after selling 163,289 shares during the quarter. Seacoast Banking Co. of Florida comprises approximately 1.3% of Endeavour Capital Advisors Inc.'s holdings, making the stock its 22nd largest holding. Endeavour Capital Advisors Inc. owned approximately 0.17% of Seacoast Banking Co. of Florida worth $4,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trexquant Investment LP purchased a new stake in shares of Seacoast Banking Co. of Florida in the fourth quarter worth about $1,310,000. Meeder Asset Management Inc. grew its position in Seacoast Banking Co. of Florida by 244.1% in the fourth quarter. Meeder Asset Management Inc. now owns 15,672 shares of the financial services provider's stock valued at $431,000 after acquiring an additional 11,118 shares in the last quarter. Heartland Advisors Inc. boosted its stake in shares of Seacoast Banking Co. of Florida by 0.8% in the fourth quarter. Heartland Advisors Inc. now owns 897,031 shares of the financial services provider's stock valued at $24,695,000 after purchasing an additional 7,300 shares during the period. Pictet Asset Management Holding SA increased its stake in Seacoast Banking Co. of Florida by 26.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,892 shares of the financial services provider's stock worth $327,000 after buying an additional 2,454 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in Seacoast Banking Co. of Florida during the 4th quarter worth $341,000. Institutional investors and hedge funds own 81.77% of the company's stock.

Seacoast Banking Co. of Florida Stock Performance

Shares of SBCF stock traded down $0.33 during trading hours on Monday, reaching $22.36. The stock had a trading volume of 283,514 shares, compared to its average volume of 430,970. The firm has a market capitalization of $1.91 billion, a PE ratio of 15.64 and a beta of 0.97. The firm has a 50-day simple moving average of $27.29 and a 200-day simple moving average of $27.60. Seacoast Banking Co. of Florida has a twelve month low of $21.64 and a twelve month high of $31.68. 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 (NASDAQ:SBCF - Get Free Report) last released its quarterly 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 return on equity of 5.91% and a net margin of 14.95%. As a group, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Friday, March 14th. Seacoast Banking Co. of Florida's payout ratio is currently 50.35%.

Analysts Set New Price Targets

SBCF has been the subject of several recent analyst reports. StockNews.com downgraded Seacoast Banking Co. of Florida from a "hold" rating to a "sell" rating in a research note on Thursday. Stephens boosted their price target on 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. Finally, Raymond James reiterated an "outperform" rating and set a $31.00 price objective (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $30.00.

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.