Natixis Advisors LLC Acquires 6,670 Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Natixis Advisors LLC lifted its stake in Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,513 shares of the financial services provider’s stock after purchasing an additional 6,670 shares during the quarter. Natixis Advisors LLC’s holdings in Seacoast Banking Co. of Florida were worth $1,143,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SBCF. Commonwealth Equity Services LLC bought a new stake in Seacoast Banking Co. of Florida in the fourth quarter worth $287,000. Swiss National Bank grew its position in Seacoast Banking Co. of Florida by 1.2% during the 4th quarter. Swiss National Bank now owns 167,800 shares of the financial services provider’s stock valued at $4,620,000 after purchasing an additional 2,000 shares during the last quarter. HighTower Advisors LLC increased its stake in Seacoast Banking Co. of Florida by 8.5% during the 4th quarter. HighTower Advisors LLC now owns 9,486 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 741 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Seacoast Banking Co. of Florida by 29.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,049 shares of the financial services provider’s stock worth $800,000 after buying an additional 6,620 shares during the last quarter. Finally, AlphaQuest LLC bought a new position in shares of Seacoast Banking Co. of Florida in the fourth quarter worth approximately $582,000. Hedge funds and other institutional investors own 81.77% of the company’s stock.

Seacoast Banking Co. of Florida Stock Performance

SBCF stock opened at $26.47 on Wednesday. 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 1 year low of $21.90 and a 1 year high of $31.68. The company has a market cap of $2.27 billion, a P/E ratio of 18.51 and a beta of 1.09. The stock’s fifty day moving average price is $27.57 and its 200-day moving average price is $27.70.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last released 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 return on equity of 5.91% and a net margin of 14.95%. On average, equities analysts forecast that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current year.

Seacoast Banking Co. of Florida Dividend Announcement

The firm 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 $0.18 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 2.72%. Seacoast Banking Co. of Florida’s payout ratio is presently 50.35%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. 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. Stephens boosted their price target on Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Monday, March 3rd. Finally, Raymond James reaffirmed an “outperform” rating and set a $31.00 price objective (up from $29.00) on shares of Seacoast Banking Co. of Florida 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. According to data from MarketBeat, the company presently has an average 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.