1 week Ago By ABMN Staff
Geode Capital Management LLC reduced its position in shares of Seacoast Banking Co. of Florida ( NASDAQ:SBCF – Free Report ) by 0.8% in the 4th quarter, HoldingsChannel reports.
The firm owned 2,007,904 shares of the financial services provider’s stock after selling 16,447 shares during the period. Geode Capital Management LLC’s holdings in Seacoast Banking Co. of Florida were worth $55,291,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC raised its stake in shares of Seacoast Banking Co. of Florida by 35.
0% during the 3rd quarter. Jane Street Group LLC now owns 105,808 shares of the financial services provider’s stock worth $2,820,000 after buying an additional 27,403 shares in the last quarter. State Street Corp raised its position in Seacoast Banking Co.
of Florida by 0.7% in the third quarter. State Street Corp now owns 4,239,308 shares of the financial services provider’s stock worth $112,978,000 after acquiring an additional 28,066 shares in the last quarter.
Principal Financial Group Inc. lifted its holdings in Seacoast Banking Co. of Florida by 3.
0% in the fourth quarter. Principal Financial Group Inc. now owns 410,632 shares of the financial services provider’s stock valued at $11,305,000 after acquiring an additional 12,142 shares during the period.
New Age Alpha Advisors LLC purchased a new stake in shares of Seacoast Banking Co. of Florida during the 4th quarter worth $341,000. Finally, Raymond James Financial Inc.
acquired a new position in shares of Seacoast Banking Co. of Florida during the 4th quarter worth $6,850,000. Institutional investors and hedge funds own 81.
77% of the company’s stock. Seacoast Banking Co. of Florida Stock Performance NASDAQ:SBCF opened at $22.
04 on Monday. 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 firm has a market cap of $1.
89 billion, a PE ratio of 15.41 and a beta of 0.97.
The firm has a 50 day simple moving average of $26.51 and a 200-day simple moving average of $27.39.
Seacoast Banking Co. of Florida has a 1-year low of $21.36 and a 1-year high of $31.
68. Seacoast Banking Co. of Florida Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st.
Investors of record on Friday, March 14th were given a dividend of $0.18 per share. The ex-dividend date 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 presently 50.35%.
Analyst Upgrades and Downgrades A number of analysts recently commented on SBCF shares. Stephens boosted their price objective 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. Raymond James reissued an “outperform” rating and set a $31.
00 price target (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, January 29th.
Finally, StockNews.com raised Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research note on Friday.
Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.00.
Check Out Our Latest Stock Report on SBCF Seacoast Banking Co. of Florida Company 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. Read More Want to see what other hedge funds are holding SBCF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seacoast Banking Co.
of Florida ( NASDAQ:SBCF – Free Report ). Receive News & Ratings for Seacoast Banking Co. of Florida Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seacoast Banking Co.
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