ExodusPoint Capital Management LP Purchases 73,093 Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF)

ExodusPoint Capital Management LP increased its position in Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 190.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,403 shares of the financial services provider's stock after buying an additional 73,093 shares during the period. ExodusPoint Capital Management LP owned 0.13% of Seacoast Banking Co. of Florida worth $3,067,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBCF. Smartleaf Asset Management LLC increased its stake in shares of Seacoast Banking Co. of Florida by 154.0% during the 4th 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 during the last quarter. Kestra Investment Management LLC acquired a new position in Seacoast Banking Co. of Florida during the fourth quarter worth $34,000. Venturi Wealth Management LLC bought a new position in Seacoast Banking Co. of Florida during the fourth quarter valued at about $76,000. KBC Group NV lifted its position 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 worth $122,000 after buying an additional 1,121 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Seacoast Banking Co. of Florida by 57.3% during the 3rd quarter. FMR LLC now owns 5,382 shares of the financial services provider's stock worth $143,000 after acquiring an additional 1,960 shares in the last quarter. Institutional investors own 81.77% of the company's stock.

Seacoast Banking Co. of Florida Stock Performance

NASDAQ SBCF traded up $0.03 during trading on Friday, hitting $22.04. The company's stock had a trading volume of 537,446 shares, compared to its average volume of 423,374. Seacoast Banking Co. of Florida has a 52 week low of $21.36 and a 52 week high of $31.68. The firm has a market cap of $1.89 billion, a P/E ratio of 15.41 and a beta of 0.97. The firm has a 50 day moving average price of $26.51 and a 200 day moving average price of $27.38. 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 released its earnings results on Monday, January 27th. The financial services provider reported $0.48 EPS for the quarter, beating the consensus estimate 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%. Equities research analysts forecast 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 announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Friday, March 14th. Seacoast Banking Co. of Florida's payout ratio is presently 50.35%.

Wall Street Analysts Forecast Growth

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