Seacoast Banking Co. of Florida (NASDAQ:SBCF) Hits New 12-Month Low - What's Next?

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $21.48 and last traded at $23.84, with a volume of 434314 shares traded. The stock had previously closed at $22.24.

Wall Street Analyst Weigh In

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

Seacoast Banking Co. of Florida Stock Up 1.0 %

The firm has a market capitalization of $1.91 billion, a P/E ratio of 15.57 and a beta of 0.97. The company has a fifty day simple moving average of $26.37 and a 200 day simple moving average of $27.36. 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 posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.48 EPS for the quarter, beating analysts' consensus estimates 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%. On average, equities analysts expect that Seacoast Banking Co. of Florida will post 1.71 EPS for the current fiscal year.

Seacoast Banking Co. of Florida Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Friday, March 14th. Seacoast Banking Co. of Florida's dividend payout ratio (DPR) is presently 50.35%.

Institutional Trading of Seacoast Banking Co. of Florida

A number of hedge funds have recently bought and sold shares of SBCF. Smartleaf Asset Management LLC grew its position in shares of 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 acquiring an additional 679 shares during the period. Kestra Investment Management LLC bought a new stake in shares of Seacoast Banking Co. of Florida in the 4th quarter worth about $34,000. Sterling Capital Management LLC increased its stake in Seacoast Banking Co. of Florida by 811.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,662 shares of the financial services provider's stock worth $73,000 after acquiring an additional 2,370 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Seacoast Banking Co. of Florida during the 4th quarter valued at approximately $76,000. Finally, KBC Group NV raised its stake in shares of Seacoast Banking Co. of Florida by 33.7% in the fourth quarter. KBC Group NV now owns 4,447 shares of the financial services provider's stock valued at $122,000 after acquiring an additional 1,121 shares during the period. Hedge funds and other institutional investors own 81.77% of the company's stock.

About Seacoast Banking Co. of Florida

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.