Victory Capital Management Inc. Has $978,000 Position in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Victory Capital Management Inc. increased its position in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,518 shares of the financial services provider’s stock after buying an additional 585 shares during the quarter. Victory Capital Management Inc.’s holdings in Seacoast Banking Co. of Florida were worth $978,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. State Street Corp grew its holdings 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 worth $112,978,000 after buying an additional 28,066 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Seacoast Banking Co. of Florida by 7.9% during the third quarter. Wellington Management Group LLP now owns 4,170,515 shares of the financial services provider’s stock worth $111,144,000 after buying an additional 305,843 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Seacoast Banking Co. of Florida by 1.2% during the third 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Seacoast Banking Co. of Florida by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 903,477 shares of the financial services provider’s stock worth $24,873,000 after buying an additional 53,666 shares in the last quarter. Finally, Tributary Capital Management LLC grew its holdings in shares of Seacoast Banking Co. of Florida by 44.4% during the fourth quarter. Tributary Capital Management LLC now owns 654,854 shares of the financial services provider’s stock worth $18,028,000 after buying an additional 201,494 shares in the last quarter. 81.77% of the stock is currently owned by institutional investors.

Seacoast Banking Co. of Florida Stock Down 0.9 %

SBCF stock opened at $26.08 on Friday. 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 business has a 50 day moving average price of $27.55 and a two-hundred day moving average price of $27.70. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 18.24 and a beta of 1.09. Seacoast Banking Co. of Florida has a twelve month low of $21.90 and a twelve month high of $31.68.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last issued its earnings results on Monday, January 27th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate 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%. Analysts anticipate that Seacoast Banking Co. of Florida will post 1.71 EPS for the current fiscal year.

Seacoast Banking Co. of Florida Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 2.76%. Seacoast Banking Co. of Florida’s dividend payout ratio is currently 50.35%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Stephens increased their price objective on 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. Raymond James restated an “outperform” rating and issued a $31.00 price target (up from $29.00) on shares of Seacoast Banking Co. of Florida in a research note 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $30.00.

Seacoast Banking Co. of Florida Company 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.