Seacoast Banking Co. of Florida (NASDAQ:SBCF) Shares Sold by World Investment Advisors

World Investment Advisors trimmed its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 29.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,239 shares of the financial services provider’s stock after selling 4,997 shares during the period. World Investment Advisors’ holdings in Seacoast Banking Co. of Florida were worth $337,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SBCF. JPMorgan Chase & Co. grew its stake in Seacoast Banking Co. of Florida by 182.3% in the 4th quarter. JPMorgan Chase & Co. now owns 680,337 shares of the financial services provider’s stock valued at $18,730,000 after acquiring an additional 439,346 shares during the last quarter. Wellington Management Group LLP grew its position 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 purchasing an additional 305,843 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Seacoast Banking Co. of Florida during the 4th quarter worth approximately $6,850,000. Tributary Capital Management LLC raised its position in shares of 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 worth $18,028,000 after purchasing an additional 201,494 shares during the last quarter. Finally, Barclays PLC lifted its stake in 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 valued at $4,754,000 after buying an additional 94,242 shares in the last quarter. Hedge funds and other institutional investors own 81.77% of the company’s stock.

Seacoast Banking Co. of Florida Stock Down 1.4 %

Shares of NASDAQ:SBCF opened at $22.24 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 15.55 and a beta of 0.97. The stock’s 50-day moving average price is $26.95 and its two-hundred day moving average price is $27.49. Seacoast Banking Co. of Florida has a 12-month low of $21.64 and a 12-month high of $32.20.

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

Seacoast Banking Co. of Florida Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 3.24%. Seacoast Banking Co. of Florida’s dividend payout ratio is presently 50.35%.

Analyst Ratings Changes

SBCF has been the subject of a number of analyst reports. StockNews.com cut Seacoast Banking Co. of Florida from a “hold” rating to a “sell” rating in a report on Thursday, April 3rd. Raymond James restated an “outperform” rating and issued a $31.00 target price (up from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. Finally, Stephens lifted their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.