New Age Alpha Advisors LLC Takes $341,000 Position in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

New Age Alpha Advisors LLC purchased a new stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,382 shares of the financial services provider's stock, valued at approximately $341,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in 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 valued at $31,000 after purchasing an additional 679 shares during the period. Kestra Investment Management LLC acquired a new position in Seacoast Banking Co. of Florida during the 4th quarter valued at $34,000. Venturi Wealth Management LLC bought a new stake in Seacoast Banking Co. of Florida in the 4th quarter valued at $76,000. KBC Group NV grew its position in Seacoast Banking Co. of Florida by 33.7% in the 4th quarter. KBC Group NV now owns 4,447 shares of the financial services provider's stock worth $122,000 after purchasing an additional 1,121 shares during the last quarter. Finally, FMR LLC increased its holdings 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 purchasing an additional 1,960 shares during the period. 81.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Seacoast Banking Co. of Florida Price Performance

Shares of NASDAQ SBCF traded down $0.89 during mid-day trading on Friday, hitting $22.69. 816,296 shares of the stock were exchanged, compared to its average volume of 416,737. Seacoast Banking Co. of Florida has a twelve month low of $21.90 and a twelve month high of $31.68. The stock's fifty day simple moving average is $27.29 and its two-hundred day simple moving average is $27.60. 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 company has a market cap of $1.94 billion, a P/E ratio of 15.87 and a beta of 0.97.

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, analysts forecast that Seacoast Banking Co. of Florida will post 1.71 EPS for the current fiscal year.

Seacoast Banking Co. of Florida Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Friday, March 14th. Seacoast Banking Co. of Florida's dividend payout ratio is currently 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.