Segall Bryant & Hamill LLC Has $51.16 Million Holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Segall Bryant & Hamill LLC lifted its stake in Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 0.6% during the 4th quarter, HoldingsChannel reports. The fund owned 1,858,183 shares of the financial services provider’s stock after buying an additional 11,765 shares during the period. Seacoast Banking Co. of Florida comprises approximately 0.7% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 19th biggest holding. Segall Bryant & Hamill LLC’s holdings in Seacoast Banking Co. of Florida were worth $51,156,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SBCF. Smartleaf Asset Management LLC grew its position in Seacoast Banking Co. of Florida by 154.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,120 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 679 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in Seacoast Banking Co. of Florida during the fourth quarter worth about $34,000. Venturi Wealth Management LLC bought a new position in Seacoast Banking Co. of Florida during the fourth quarter valued at about $76,000. KBC Group NV raised its holdings in Seacoast Banking Co. of Florida by 33.7% in the 4th quarter. KBC Group NV now owns 4,447 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 1,121 shares in the last quarter. Finally, FMR LLC lifted its position in shares of 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 worth $143,000 after acquiring an additional 1,960 shares during the period. Institutional investors own 81.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SBCF shares. Stephens boosted their price objective on Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday, March 3rd. StockNews.com raised 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 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Seacoast Banking Co. of Florida Stock Performance

Shares of NASDAQ:SBCF opened at $26.63 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.85 and a quick ratio of 0.85. The business’s fifty day moving average price is $27.57 and its two-hundred day moving average price is $27.70. Seacoast Banking Co. of Florida has a fifty-two week low of $21.90 and a fifty-two week high of $31.68. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 18.62 and a beta of 1.09.

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

Seacoast Banking Co. of Florida Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, March 14th. Seacoast Banking Co. of Florida’s payout ratio is 50.35%.

Seacoast Banking Co. of Florida 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.