William Blair Investment Management LLC Purchases 27,825 Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF)

William Blair Investment Management LLC grew its position in Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,160,182 shares of the financial services provider's stock after purchasing an additional 27,825 shares during the period. William Blair Investment Management LLC owned about 1.36% of Seacoast Banking Co. of Florida worth $31,940,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in Seacoast Banking Co. of Florida by 97.8% in the third quarter. BNP Paribas Financial Markets now owns 34,238 shares of the financial services provider's stock worth $912,000 after purchasing an additional 16,930 shares during the period. Jane Street Group LLC raised its holdings in Seacoast Banking Co. of Florida by 35.0% in the third quarter. Jane Street Group LLC now owns 105,808 shares of the financial services provider's stock worth $2,820,000 after purchasing an additional 27,403 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Seacoast Banking Co. of Florida by 7.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 849,811 shares of the financial services provider's stock worth $22,647,000 after purchasing an additional 56,897 shares during the period. State Street Corp raised its holdings in Seacoast Banking Co. of Florida by 0.7% in the third quarter. State Street Corp now owns 4,239,308 shares of the financial services provider's stock worth $112,978,000 after purchasing an additional 28,066 shares during the period. Finally, Citigroup Inc. raised its holdings in Seacoast Banking Co. of Florida by 14.6% in the third quarter. Citigroup Inc. now owns 157,927 shares of the financial services provider's stock worth $4,209,000 after purchasing an additional 20,122 shares during the period. 81.77% of the stock is currently owned by institutional investors and hedge funds.

Seacoast Banking Co. of Florida Stock Down 0.5 %

SBCF stock traded down $0.12 during midday trading on Friday, hitting $25.96. The company's stock had a trading volume of 1,159,249 shares, compared to its average volume of 391,254. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.85 and a quick ratio of 0.85. Seacoast Banking Co. of Florida has a twelve month low of $21.90 and a twelve month high of $31.68. The company's fifty day moving average price is $27.55 and its 200 day moving average price is $27.69. The stock has a market capitalization of $2.22 billion, a P/E ratio of 18.15 and a beta of 1.09.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities research analysts predict that Seacoast Banking Co. of Florida will post 1.71 EPS for the current year.

Seacoast Banking Co. of Florida Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.77%. The ex-dividend date is Friday, March 14th. Seacoast Banking Co. of Florida's dividend payout ratio (DPR) is 50.35%.

Analysts Set New Price Targets

A number of brokerages recently commented on SBCF. Raymond James restated an "outperform" rating and set a $31.00 price objective (up from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. Stephens raised 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 report on Monday, March 3rd. Finally, StockNews.com upgraded shares of Seacoast Banking Co. of Florida from a "sell" rating to a "hold" rating in a report on Wednesday, January 29th. Four 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, the company currently has a consensus rating of "Hold" and an average 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.