Seacoast Banking Co. of Florida (NASDAQ:SBCF) Stock Position Lessened by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,074 shares of the financial services provider’s stock after selling 703 shares during the quarter. Yousif Capital Management LLC’s holdings in Seacoast Banking Co. of Florida were worth $883,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in shares of Seacoast Banking Co. of Florida by 7.9% in the third quarter. Wellington Management Group LLP now owns 4,170,515 shares of the financial services provider’s stock valued at $111,144,000 after acquiring an additional 305,843 shares in the last quarter. Tributary Capital Management LLC boosted its stake in Seacoast Banking Co. of Florida by 44.4% during the 4th quarter. Tributary Capital Management LLC now owns 654,854 shares of the financial services provider’s stock valued at $18,028,000 after purchasing an additional 201,494 shares in the last quarter. abrdn plc increased its position in shares of Seacoast Banking Co. of Florida by 10.9% during the 3rd quarter. abrdn plc now owns 1,122,478 shares of the financial services provider’s stock valued at $29,914,000 after purchasing an additional 110,582 shares during the period. Barclays PLC raised its stake in shares of Seacoast Banking Co. of Florida by 112.0% in the 3rd quarter. Barclays PLC now owns 178,355 shares of the financial services provider’s stock worth $4,754,000 after buying an additional 94,242 shares in the last quarter. Finally, Ceredex Value Advisors LLC lifted its holdings in shares of Seacoast Banking Co. of Florida by 24.2% in the third quarter. Ceredex Value Advisors LLC now owns 470,954 shares of the financial services provider’s stock valued at $12,551,000 after buying an additional 91,900 shares during the period. Institutional investors and hedge funds own 81.77% of the company’s stock.

Seacoast Banking Co. of Florida Trading Down 0.3 %

Seacoast Banking Co. of Florida stock opened at $29.25 on Friday. Seacoast Banking Co. of Florida has a 52 week low of $21.90 and a 52 week high of $31.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 20.45 and a beta of 1.08. The company has a 50 day moving average price of $27.80 and a 200 day moving average price of $27.54.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.48 earnings per share (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%. Research analysts forecast that Seacoast Banking Co. of Florida will post 1.67 EPS for the current year.

Seacoast Banking Co. of Florida Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.46%. Seacoast Banking Co. of Florida’s payout ratio is 50.35%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SBCF shares. Truist Financial lowered their target price on Seacoast Banking Co. of Florida from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Stephens boosted their target price on shares of Seacoast Banking Co. of Florida from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. 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. Finally, Raymond James reaffirmed an “outperform” rating and issued a $31.00 price target (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.40.

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.