Advantage Alpha Capital Partners LP Has $490,000 Stock Holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Advantage Alpha Capital Partners LP lifted its position in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 46.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,404 shares of the financial services provider’s stock after buying an additional 5,865 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Seacoast Banking Co. of Florida were worth $490,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SBCF. Vanguard Group Inc. boosted its holdings in Seacoast Banking Co. of Florida by 4.2% in the 1st quarter. Vanguard Group Inc. now owns 6,285,087 shares of the financial services provider’s stock valued at $159,578,000 after purchasing an additional 254,887 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Seacoast Banking Co. of Florida by 3.6% in the first quarter. Public Employees Retirement System of Ohio now owns 138,788 shares of the financial services provider’s stock valued at $3,524,000 after buying an additional 4,850 shares during the period. SG Americas Securities LLC grew its position in Seacoast Banking Co. of Florida by 227.5% during the second quarter. SG Americas Securities LLC now owns 33,912 shares of the financial services provider’s stock worth $802,000 after buying an additional 23,558 shares in the last quarter. Diversified Trust Co increased its stake in Seacoast Banking Co. of Florida by 8.7% during the 2nd quarter. Diversified Trust Co now owns 14,298 shares of the financial services provider’s stock worth $338,000 after acquiring an additional 1,144 shares during the period. Finally, Dakota Wealth Management raised its holdings in Seacoast Banking Co. of Florida by 16.7% in the 2nd quarter. Dakota Wealth Management now owns 10,515 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 1,507 shares in the last quarter. Institutional investors own 81.77% of the company’s stock.

Analyst Upgrades and Downgrades

SBCF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $31.00 price target on shares of Seacoast Banking Co. of Florida in a research report on Wednesday, August 21st. Stephens increased their price objective on shares of Seacoast Banking Co. of Florida from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Finally, Truist Financial dropped their target price on shares of Seacoast Banking Co. of Florida from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.70.

Insider Buying and Selling

In related news, CEO Charles M. Shaffer sold 21,255 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $30.36, for a total value of $645,301.80. Following the completion of the transaction, the chief executive officer now owns 126,232 shares in the company, valued at $3,832,403.52. This trade represents a 14.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Seacoast Banking Co. of Florida Stock Performance

Seacoast Banking Co. of Florida stock opened at $30.37 on Wednesday. The stock has a market cap of $2.59 billion, a PE ratio of 22.01 and a beta of 1.07. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.16. Seacoast Banking Co. of Florida has a 12-month low of $21.90 and a 12-month high of $31.68. The business’s 50-day moving average price is $27.63 and its two-hundred day moving average price is $25.95.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. Seacoast Banking Co. of Florida had a net margin of 14.55% and a return on equity of 5.44%. The business had revenue of $130.30 million during the quarter, compared to analysts’ expectations of $129.20 million. During the same period in the prior year, the company earned $0.37 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts expect that Seacoast Banking Co. of Florida will post 1.41 earnings per share 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 Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, December 13th. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is 52.17%.

About Seacoast Banking Co. of Florida

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides integrated financial services to retail and commercial customers in Florida. The company offers noninterest and interest-bearing demand deposit, money market, savings, and customer sweep accounts; time certificates of deposit; construction and land development, commercial and residential real estate, and commercial and financial loans; and consumer loans, including installment loans and revolving lines, as well as loans for automobiles, boats, and personal and family purposes.