Seacoast Banking Co. of Florida (NASDAQ:SBCF) Shares Purchased by Versor Investments LP

Versor Investments LP increased its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 83.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,900 shares of the financial services provider's stock after purchasing an additional 12,200 shares during the quarter. Versor Investments LP's holdings in Seacoast Banking Co. of Florida were worth $741,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Kestra Investment Management LLC acquired a new position in shares of Seacoast Banking Co. of Florida during the fourth quarter worth about $34,000. Venturi Wealth Management LLC purchased a new stake in Seacoast Banking Co. of Florida during the fourth quarter worth approximately $76,000. KBC Group NV boosted its holdings in shares of Seacoast Banking Co. of Florida by 30.0% in the 3rd quarter. KBC Group NV now owns 3,326 shares of the financial services provider's stock valued at $89,000 after buying an additional 768 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Seacoast Banking Co. of Florida during the third quarter worth about $121,000. Finally, FMR LLC lifted its stake in 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 valued at $143,000 after buying an additional 1,960 shares during the last quarter. Hedge funds and other institutional investors own 81.77% of the company's stock.

Seacoast Banking Co. of Florida Price Performance

SBCF stock traded down $0.49 on Tuesday, reaching $27.65. 252,416 shares of the company's stock were exchanged, compared to its average volume of 386,829. 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 quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average of $27.81 and a 200-day moving average of $27.77. The firm has a market cap of $2.37 billion, a PE ratio of 19.43 and a beta of 1.08.

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Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.48 earnings per share (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%. As a group, equities analysts predict 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Friday, March 14th. Seacoast Banking Co. of Florida's dividend payout ratio (DPR) is 50.35%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Raymond James restated an "outperform" rating and issued a $31.00 price objective (up from $29.00) on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, January 29th. 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 research report on Monday. Finally, StockNews.com raised Seacoast Banking Co. of Florida from a "sell" rating to a "hold" rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Seacoast Banking Co. of Florida presently has a consensus rating of "Hold" and a consensus price target of $30.00.

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.