Salzhauer Michael reduced its holdings in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 206,681 shares of the financial services provider's stock after selling 18,000 shares during the period. Seacoast Banking Co. of Florida comprises approximately 2.0% of Salzhauer Michael's portfolio, making the stock its 11th biggest holding. Salzhauer Michael owned about 0.24% of Seacoast Banking Co. of Florida worth $5,690,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Seacoast Banking Co. of Florida by 57.3% in the third quarter. FMR LLC now owns 5,382 shares of the financial services provider's stock worth $143,000 after buying an additional 1,960 shares during the period. Jane Street Group LLC increased its stake in Seacoast Banking Co. of Florida by 35.0% in the 3rd quarter. Jane Street Group LLC now owns 105,808 shares of the financial services provider's stock worth $2,820,000 after purchasing an additional 27,403 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Seacoast Banking Co. of Florida in the third quarter valued at approximately $232,000. Barclays PLC boosted its stake in shares of Seacoast Banking Co. of Florida by 112.0% during the third quarter. Barclays PLC now owns 178,355 shares of the financial services provider's stock valued at $4,754,000 after purchasing an additional 94,242 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Seacoast Banking Co. of Florida by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,024,351 shares of the financial services provider's stock valued at $53,959,000 after purchasing an additional 23,396 shares during the period. Hedge funds and other institutional investors own 81.77% of the company's stock.
Seacoast Banking Co. of Florida Stock Up 0.4 %
Shares of NASDAQ:SBCF traded up $0.10 during trading on Friday, hitting $22.95. The stock had a trading volume of 564,082 shares, compared to its average volume of 424,798. Seacoast Banking Co. of Florida has a 12 month low of $21.36 and a 12 month high of $31.68. The company has a market capitalization of $1.96 billion, a PE ratio of 16.05 and a beta of 0.97. The firm's fifty day moving average is $25.85 and its 200 day moving average is $27.26. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.16.
Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last released its earnings results on Monday, January 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.15. Seacoast Banking Co. of Florida had a net margin of 14.95% and a return on equity of 5.91%. Analysts anticipate that Seacoast Banking Co. of Florida will post 1.71 EPS for the current fiscal year.
Seacoast Banking Co. of Florida Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a yield of 3.14%. Seacoast Banking Co. of Florida's dividend payout ratio is currently 50.35%.
Analyst Ratings Changes
SBCF has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Seacoast Banking Co. of Florida from a "sell" rating to a "hold" rating in a report on Friday, April 11th. Raymond James reiterated an "outperform" rating and set a $31.00 target price (up from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. Finally, Stephens boosted their price target on 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $30.00.
Get Our Latest Stock Report on SBCF
Seacoast Banking Co. of Florida Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Seacoast Banking Co. of Florida, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Seacoast Banking Co. of Florida wasn't on the list.
While Seacoast Banking Co. of Florida currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
