Seacoast Banking Co. of Florida (NASDAQ:SBCF) Shares Bought by North Reef Capital Management LP

North Reef Capital Management LP increased its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,230,000 shares of the financial services provider's stock after purchasing an additional 150,000 shares during the period. Seacoast Banking Co. of Florida accounts for about 5.2% of North Reef Capital Management LP's holdings, making the stock its 7th biggest position. North Reef Capital Management LP owned about 4.95% of Seacoast Banking Co. of Florida worth $116,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its holdings in 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 valued at $31,000 after acquiring an additional 679 shares during the last quarter. Kestra Investment Management LLC acquired a new position in Seacoast Banking Co. of Florida in the 4th quarter valued at $34,000. Sterling Capital Management LLC increased its holdings in shares of Seacoast Banking Co. of Florida by 811.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,662 shares of the financial services provider's stock worth $73,000 after buying an additional 2,370 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Seacoast Banking Co. of Florida during the 4th quarter worth $76,000. Finally, KBC Group NV increased its holdings in shares of Seacoast Banking Co. of Florida by 33.7% during the 4th 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. 81.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on SBCF shares. Raymond James restated an "outperform" rating and set a $31.00 price objective (up from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. StockNews.com downgraded Seacoast Banking Co. of Florida from a "hold" rating to a "sell" rating in a report on Friday. Finally, Stephens dropped their price objective on Seacoast Banking Co. of Florida from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $29.40.

Seacoast Banking Co. of Florida Stock Down 0.2 %

NASDAQ SBCF traded down $0.05 during trading hours on Monday, hitting $23.68. The company had a trading volume of 533,081 shares, compared to its average volume of 424,343. Seacoast Banking Co. of Florida has a fifty-two week low of $21.36 and a fifty-two week high of $31.68. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 16.56 and a beta of 0.97. 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 firm's 50 day moving average is $25.15 and its 200 day moving average is $27.16.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.02). Seacoast Banking Co. of Florida had a net margin of 14.95% and a return on equity of 5.91%. The company had revenue of $140.70 million during the quarter, compared to analyst estimates of $138.41 million. The company's quarterly revenue was up 12.0% on a year-over-year basis. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.72 annualized dividend and a yield of 3.04%. Seacoast Banking Co. of Florida's dividend payout ratio is currently 48.32%.

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.