F M Investments LLC Trims Stock Position in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

F M Investments LLC cut its stake in Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 55.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 144,211 shares of the financial services provider's stock after selling 181,816 shares during the quarter. F M Investments LLC owned 0.17% of Seacoast Banking Co. of Florida worth $3,970,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of Seacoast Banking Co. of Florida by 154.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,120 shares of the financial services provider's stock worth $31,000 after acquiring an additional 679 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in Seacoast Banking Co. of Florida in the 4th quarter valued at about $34,000. Venturi Wealth Management LLC bought a new position in shares of Seacoast Banking Co. of Florida during the 4th quarter worth approximately $76,000. KBC Group NV lifted its holdings in Seacoast Banking Co. of Florida by 33.7% during the fourth quarter. KBC Group NV now owns 4,447 shares of the financial services provider's stock worth $122,000 after acquiring an additional 1,121 shares during the period. Finally, FMR LLC grew its stake in Seacoast Banking Co. of Florida by 57.3% in the 3rd quarter. FMR LLC now owns 5,382 shares of the financial services provider's stock valued at $143,000 after purchasing an additional 1,960 shares during the period. Institutional investors own 81.77% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Seacoast Banking Co. of Florida from a "sell" rating to a "hold" rating in a research report on Friday, April 11th. Stephens boosted their target price on Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Monday, March 3rd. Finally, Raymond James reissued an "outperform" rating and set a $31.00 price target (up from $29.00) on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $30.00.

Seacoast Banking Co. of Florida Price Performance

Shares of SBCF stock traded up $0.18 during trading hours on Wednesday, hitting $22.71. The stock had a trading volume of 59,786 shares, compared to its average volume of 423,169. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 15.88 and a beta of 0.97. Seacoast Banking Co. of Florida has a one year low of $21.36 and a one year high of $31.68. The stock's 50-day moving average price is $26.24 and its two-hundred day moving average price is $27.32.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate 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%. Equities analysts forecast that Seacoast Banking Co. of Florida will post 1.71 EPS for the current year.

Seacoast Banking Co. of Florida Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given 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 yield of 3.17%. Seacoast Banking Co. of Florida's dividend payout ratio (DPR) is presently 50.35%.

Seacoast Banking Co. of Florida Company 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.