Seacoast Banking Co. of Florida (NASDAQ:SBCF) Shares Acquired by Barclays PLC

Barclays PLC grew its holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 112.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 178,355 shares of the financial services provider's stock after purchasing an additional 94,242 shares during the quarter. Barclays PLC owned 0.21% of Seacoast Banking Co. of Florida worth $4,754,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. increased its holdings in shares of Seacoast Banking Co. of Florida by 0.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 51,132 shares of the financial services provider's stock valued at $1,363,000 after acquiring an additional 383 shares during the last quarter. GAMMA Investing LLC boosted its stake in Seacoast Banking Co. of Florida by 73.4% in the third quarter. GAMMA Investing LLC now owns 973 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 412 shares in the last quarter. Texas Permanent School Fund Corp grew its holdings in shares of Seacoast Banking Co. of Florida by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 74,241 shares of the financial services provider's stock worth $1,755,000 after purchasing an additional 438 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Seacoast Banking Co. of Florida by 1.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 42,300 shares of the financial services provider's stock valued at $1,000,000 after purchasing an additional 500 shares during the last quarter. Finally, Trust Point Inc. boosted its holdings in shares of Seacoast Banking Co. of Florida by 2.8% in the third quarter. Trust Point Inc. now owns 22,903 shares of the financial services provider's stock valued at $610,000 after acquiring an additional 617 shares during the period. Institutional investors and hedge funds own 81.77% of the company's stock.

Seacoast Banking Co. of Florida Trading Up 3.6 %

Shares of Seacoast Banking Co. of Florida stock traded up $0.96 during mid-day trading on Friday, hitting $27.60. 1,544,762 shares of the stock were exchanged, compared to its average volume of 413,662. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 20.00 and a beta of 1.08. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16. Seacoast Banking Co. of Florida has a twelve month low of $21.90 and a twelve month high of $31.68. The company has a 50-day simple moving average of $28.68 and a 200 day simple moving average of $26.72.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Seacoast Banking Co. of Florida had a net margin of 14.55% and a return on equity of 5.44%. The business had revenue of $130.30 million for the quarter, compared to analyst estimates of $129.20 million. During the same period in the prior year, the firm posted $0.37 EPS. The company's revenue was up 5.5% on a year-over-year basis. Research analysts forecast that Seacoast Banking Co. of Florida will post 1.41 EPS for the current year.

Seacoast Banking Co. of Florida Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, December 13th. Seacoast Banking Co. of Florida's dividend payout ratio is currently 52.17%.

Insider Transactions at Seacoast Banking Co. of Florida

In other Seacoast Banking Co. of Florida news, CEO Charles M. Shaffer sold 21,255 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $30.36, for a total value of $645,301.80. Following the completion of the transaction, the chief executive officer now owns 126,232 shares in the company, valued at $3,832,403.52. This represents a 14.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Stephens raised their price objective on shares of Seacoast Banking Co. of Florida from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Truist Financial decreased their price target on Seacoast Banking Co. of Florida from $30.00 to $28.00 and set a "hold" rating on the stock in a research note on Monday, October 28th. Three 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.com, Seacoast Banking Co. of Florida currently has an average rating of "Hold" and an average price target of $28.70.

Seacoast Banking Co. of Florida Company Profile

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides integrated financial services to retail and commercial customers in Florida. The company offers noninterest and interest-bearing demand deposit, money market, savings, and customer sweep accounts; time certificates of deposit; construction and land development, commercial and residential real estate, and commercial and financial loans; and consumer loans, including installment loans and revolving lines, as well as loans for automobiles, boats, and personal and family purposes.