Royce & Associates LP Purchases 50,818 Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Royce & Associates LP raised its holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,077,396 shares of the financial services provider's stock after buying an additional 50,818 shares during the quarter. Royce & Associates LP owned 1.26% of Seacoast Banking Co. of Florida worth $29,661,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SBCF. GSA Capital Partners LLP bought a new stake in Seacoast Banking Co. of Florida in the third quarter valued at about $368,000. Victory Capital Management Inc. boosted its holdings in Seacoast Banking Co. of Florida by 4.9% during the third quarter. Victory Capital Management Inc. now owns 34,933 shares of the financial services provider's stock valued at $931,000 after purchasing an additional 1,636 shares in the last quarter. KBC Group NV grew its stake in shares of Seacoast Banking Co. of Florida by 30.0% in the 3rd quarter. KBC Group NV now owns 3,326 shares of the financial services provider's stock valued at $89,000 after purchasing an additional 768 shares during the period. CIBC Asset Management Inc acquired a new position in shares of Seacoast Banking Co. of Florida in the 3rd quarter worth approximately $211,000. Finally, Natixis Advisors LLC lifted its position in shares of Seacoast Banking Co. of Florida by 4.4% during the 3rd quarter. Natixis Advisors LLC now owns 34,843 shares of the financial services provider's stock worth $929,000 after buying an additional 1,462 shares during the period. Institutional investors and hedge funds own 81.77% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have weighed in on the company. Raymond James reiterated an "outperform" rating and issued a $31.00 price target (up from $29.00) on shares of Seacoast Banking Co. of Florida in a research report on Wednesday, January 29th. StockNews.com raised shares of Seacoast Banking Co. of Florida from a "sell" rating to a "hold" rating in a report on Wednesday, January 29th. Finally, Stephens lifted their price target on shares of Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the company an "equal weight" rating in a report on Monday, March 3rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $30.00.

Seacoast Banking Co. of Florida Trading Down 0.9 %

SBCF traded down $0.24 during trading on Thursday, reaching $26.08. 378,992 shares of the company's stock were exchanged, compared to its average volume of 389,229. The company's fifty day moving average price is $27.56 and its 200-day moving average price is $27.72. The firm has a market capitalization of $2.23 billion, a PE ratio of 18.24 and a beta of 1.09. Seacoast Banking Co. of Florida has a fifty-two week low of $21.90 and a fifty-two week high of $31.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85.

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

Seacoast Banking Co. of Florida Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Friday, March 14th. Seacoast Banking Co. of Florida's payout ratio is presently 50.35%.

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.