Invesco Ltd. Has $11.16 Million Stock Holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Invesco Ltd. increased its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 94.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 405,500 shares of the financial services provider's stock after purchasing an additional 197,067 shares during the quarter. Invesco Ltd. owned approximately 0.47% of Seacoast Banking Co. of Florida worth $11,163,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in SBCF. Principal Financial Group Inc. boosted its stake in shares of Seacoast Banking Co. of Florida by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 410,632 shares of the financial services provider's stock valued at $11,305,000 after buying an additional 12,142 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Seacoast Banking Co. of Florida during the fourth quarter valued at $341,000. Raymond James Financial Inc. acquired a new stake in Seacoast Banking Co. of Florida during the fourth quarter valued at $6,850,000. New York State Common Retirement Fund grew its stake in Seacoast Banking Co. of Florida by 3.1% in the fourth quarter. New York State Common Retirement Fund now owns 229,913 shares of the financial services provider's stock valued at $6,330,000 after purchasing an additional 7,012 shares in the last quarter. Finally, Barclays PLC increased its position in Seacoast Banking Co. of Florida by 112.0% in the 3rd quarter. Barclays PLC now owns 178,355 shares of the financial services provider's stock worth $4,754,000 after purchasing an additional 94,242 shares during the last quarter. Institutional investors and hedge funds own 81.77% of the company's stock.

Seacoast Banking Co. of Florida Stock Performance

Shares of Seacoast Banking Co. of Florida stock traded down $0.14 on Friday, reaching $23.73. The stock had a trading volume of 574,332 shares, compared to its average volume of 424,398. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85. The business's 50-day moving average price is $25.26 and its two-hundred day moving average price is $27.16. The stock has a market cap of $2.03 billion, a P/E ratio of 16.59 and a beta of 0.97. Seacoast Banking Co. of Florida has a fifty-two week low of $21.36 and a fifty-two week high of $31.68.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last released its earnings results on Thursday, April 24th. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). The firm had revenue of $140.70 million for the quarter, compared to analyst estimates of $138.41 million. Seacoast Banking Co. of Florida had a return on equity of 5.91% and a net margin of 14.95%. On average, sell-side 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Friday, June 13th. Seacoast Banking Co. of Florida's dividend payout ratio is currently 50.35%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com raised Seacoast Banking Co. of Florida from a "sell" rating to a "hold" rating in a research note on Friday, April 11th. Raymond James reiterated an "outperform" rating and issued a $31.00 target price (up from $29.00) on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, January 29th. Finally, Stephens increased their price target on shares of Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the stock an "equal weight" rating in a research note 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 stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $30.00.

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.