Seacoast Banking Co. of Florida (NASDAQ:SBCF) Stock Position Raised by US Bancorp DE

US Bancorp DE lifted its position in Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 30.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,087 shares of the financial services provider’s stock after acquiring an additional 2,115 shares during the quarter. US Bancorp DE’s holdings in Seacoast Banking Co. of Florida were worth $250,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in shares of Seacoast Banking Co. of Florida in the 4th quarter valued at approximately $34,000. Venturi Wealth Management LLC purchased a new stake in shares of Seacoast Banking Co. of Florida in the 4th quarter valued at approximately $76,000. KBC Group NV increased its stake in 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 during the period. Meeder Asset Management Inc. acquired a new position in Seacoast Banking Co. of Florida in the 3rd quarter valued at approximately $121,000. Finally, FMR LLC increased its stake in Seacoast Banking Co. of Florida by 57.3% in the 3rd 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 period. Hedge funds and other institutional investors own 81.77% of the company’s stock.

Analyst Ratings Changes

SBCF has been the topic of several research reports. StockNews.com upgraded shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Stephens upped their price objective on shares of Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Monday, March 3rd. Finally, Raymond James reiterated an “outperform” rating and issued a $31.00 price objective (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a research note 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. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.00.

Seacoast Banking Co. of Florida Stock Up 2.0 %

Seacoast Banking Co. of Florida stock opened at $25.95 on Friday. The company’s 50 day simple moving average is $27.60 and its 200 day simple moving average is $27.74. Seacoast Banking Co. of Florida has a fifty-two week low of $21.90 and a fifty-two week high of $31.68. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 18.15 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.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its quarterly earnings results 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 net margin of 14.95% and a return on equity of 5.91%. As a group, sell-side analysts anticipate that Seacoast Banking Co. of Florida will post 1.71 EPS for the current year.

Seacoast Banking Co. of Florida Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.18 per share. 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 currently 50.35%.

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.