1 week Ago By Defense World Staff
Geode Capital Management LLC lessened its position in Seacoast Banking Co. of Florida (NASDAQ:SBCF – Free Report) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission.
The firm owned 2,007,904 shares of the financial services provider’s stock after selling 16,447 shares during the quarter. Geode Capital Management LLC owned approximately 2.35% of Seacoast Banking Co.
of Florida worth $55,291,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc.
grew its stake in Seacoast Banking Co. of Florida by 3.4% during the 4th quarter.
Envestnet Portfolio Solutions Inc. now owns 11,554 shares of the financial services provider’s stock worth $318,000 after purchasing an additional 380 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Seacoast Banking Co.
of Florida by 6.0% in the 4th quarter. CIBC Asset Management Inc now owns 8,393 shares of the financial services provider’s stock valued at $231,000 after buying an additional 478 shares during the period.
Victory Capital Management Inc. grew its position in shares of Seacoast Banking Co. of Florida by 1.
7% during the fourth quarter. Victory Capital Management Inc. now owns 35,518 shares of the financial services provider’s stock worth $978,000 after buying an additional 585 shares in the last quarter.
Smartleaf Asset Management LLC increased its stake in shares of Seacoast Banking Co. of Florida by 154.0% during the fourth quarter.
Smartleaf Asset Management LLC now owns 1,120 shares of the financial services provider’s stock worth $31,000 after buying an additional 679 shares during the period. Finally, Rhumbline Advisers raised its holdings in Seacoast Banking Co. of Florida by 0.
3% in the fourth quarter. Rhumbline Advisers now owns 256,011 shares of the financial services provider’s stock valued at $7,048,000 after acquiring an additional 717 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 Up 0.
1 %SBCF opened at $22.04 on Monday. The stock has a market capitalization of $1.
89 billion, a P/E ratio of 15.41 and a beta of 0.97.
The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.
85. Seacoast Banking Co. of Florida has a one year low of $21.
36 and a one year high of $31.68. The business’s 50-day simple moving average is $26.
51 and its 200-day simple moving average is $27.39. Seacoast Banking Co.
of Florida (NASDAQ:SBCF – Get Free Report) last released its quarterly 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 year.
Seacoast Banking Co. of Florida Announces DividendThe firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.
18 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.
72 annualized dividend and a yield of 3.27%. Seacoast Banking Co.
of Florida’s dividend payout ratio (DPR) is 50.35%. Wall Street Analysts Forecast GrowthSBCF has been the topic of several recent analyst reports.
Raymond James reissued an “outperform” rating and issued a $31.00 target price (up previously from $29.00) on shares of Seacoast Banking Co.
of Florida in a report on Wednesday, January 29th. StockNews.com raised Seacoast Banking Co.
of Florida from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Stephens upped their price target on Seacoast Banking Co. of Florida from $28.
00 to $29.00 and gave the company an “equal weight” rating in a report on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company.
According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.00.Read Our Latest Research Report on SBCFSeacoast Banking Co.
of Florida Profile (Free Report)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.
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