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

Segall Bryant & Hamill LLC boosted its position in Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and 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 accounts for 0.7% of Segall Bryant & Hamill LLC's investment portfolio, making the stock its 19th biggest position. Segall Bryant & Hamill LLC owned 2.17% of Seacoast Banking Co. of Florida worth $51,156,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in shares of Seacoast Banking Co. of Florida by 4.9% in the 3rd quarter. Victory Capital Management Inc. now owns 34,933 shares of the financial services provider's stock worth $931,000 after purchasing an additional 1,636 shares during the period. Natixis Advisors LLC increased its position in 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 purchasing an additional 1,462 shares in the last quarter. Pathstone Holdings LLC raised its holdings in Seacoast Banking Co. of Florida by 2.9% in the third quarter. Pathstone Holdings LLC now owns 103,518 shares of the financial services provider's stock valued at $2,759,000 after buying an additional 2,910 shares during the period. PNC Financial Services Group Inc. raised its holdings in Seacoast Banking Co. of Florida by 1.3% in the third quarter. PNC Financial Services Group Inc. now owns 49,698 shares of the financial services provider's stock valued at $1,324,000 after buying an additional 659 shares during the period. Finally, Intech Investment Management LLC lifted its position in Seacoast Banking Co. of Florida by 176.6% during the third quarter. Intech Investment Management LLC now owns 30,767 shares of the financial services provider's stock valued at $820,000 after buying an additional 19,643 shares in the last quarter. Hedge funds and other institutional investors own 81.77% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SBCF. Stephens increased 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 report on Monday, March 3rd. 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 report on Wednesday, January 29th. Finally, StockNews.com upgraded Seacoast Banking Co. of Florida from a "sell" rating to a "hold" rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Seacoast Banking Co. of Florida has an average rating of "Hold" and an average target price of $30.00.

Seacoast Banking Co. of Florida Stock Down 2.3 %

SBCF traded down $0.59 during trading hours on Friday, reaching $25.49. 312,921 shares of the stock traded hands, compared to its average volume of 413,099. 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 market cap of $2.18 billion, a price-to-earnings ratio of 17.83 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 firm's fifty day simple moving average is $27.51 and its two-hundred day simple moving average is $27.68.

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

Seacoast Banking Co. of Florida Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.18 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 2.82%. Seacoast Banking Co. of Florida's dividend 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.