Seacoast Banking Co. of Florida (NASDAQ:SBCF) Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 0.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,858,183 shares of the financial services provider's stock after acquiring an additional 11,765 shares during the quarter. Seacoast Banking Co. of Florida makes up 0.7% of Segall Bryant & Hamill LLC's holdings, making the stock its 19th largest holding. Segall Bryant & Hamill LLC owned about 2.17% of Seacoast Banking Co. of Florida worth $51,156,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SBCF. State Street Corp raised its stake in shares of Seacoast Banking Co. of Florida by 0.7% during the third quarter. State Street Corp now owns 4,239,308 shares of the financial services provider's stock valued at $112,978,000 after acquiring an additional 28,066 shares in the last quarter. Wellington Management Group LLP raised its position in Seacoast Banking Co. of Florida by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 4,170,515 shares of the financial services provider's stock valued at $111,144,000 after purchasing an additional 305,843 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Seacoast Banking Co. of Florida by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,024,351 shares of the financial services provider's stock worth $53,959,000 after buying an additional 23,396 shares during the period. William Blair Investment Management LLC grew its position in shares of Seacoast Banking Co. of Florida by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,160,182 shares of the financial services provider's stock worth $31,940,000 after buying an additional 27,825 shares in the last quarter. Finally, Royce & Associates LP increased its stake in shares of Seacoast Banking Co. of Florida by 5.0% during the fourth quarter. Royce & Associates LP now owns 1,077,396 shares of the financial services provider's stock valued at $29,661,000 after buying an additional 50,818 shares during the period. Hedge funds and other institutional investors own 81.77% of the company's stock.

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Analyst Ratings Changes

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

Seacoast Banking Co. of Florida Stock Down 2.8 %

Shares of SBCF stock traded down $0.73 during mid-day trading on Friday, hitting $25.36. 88,320 shares of the stock traded hands, compared to its average volume of 411,860. Seacoast Banking Co. of Florida has a 52-week low of $21.90 and a 52-week high of $31.68. The stock has a market cap of $2.17 billion, a P/E ratio of 17.73 and a beta of 1.09. 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 stock's fifty day moving average is $27.54 and its two-hundred day moving average is $27.68.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last posted its 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%. Equities analysts predict that Seacoast Banking Co. of Florida will post 1.71 EPS for the current year.

Seacoast Banking Co. of Florida Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.18 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.84%. Seacoast Banking Co. of Florida's payout ratio is 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.