Advantage Alpha Capital Partners LP Has $570,000 Stock Position in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Advantage Alpha Capital Partners LP lifted its holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,696 shares of the financial services provider’s stock after purchasing an additional 2,292 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Seacoast Banking Co. of Florida were worth $570,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SBCF. Wellington Management Group LLP lifted its position in Seacoast Banking Co. of Florida by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 4,170,515 shares of the financial services provider’s stock worth $111,144,000 after buying an additional 305,843 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Seacoast Banking Co. of Florida during the fourth quarter worth about $6,850,000. Tributary Capital Management LLC boosted its position in Seacoast Banking Co. of Florida by 44.4% during the fourth quarter. Tributary Capital Management LLC now owns 654,854 shares of the financial services provider’s stock valued at $18,028,000 after purchasing an additional 201,494 shares during the last quarter. Barclays PLC grew its stake in Seacoast Banking Co. of Florida by 112.0% in the third quarter. Barclays PLC now owns 178,355 shares of the financial services provider’s stock valued at $4,754,000 after purchasing an additional 94,242 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Seacoast Banking Co. of Florida by 7.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 849,811 shares of the financial services provider’s stock worth $22,647,000 after purchasing an additional 56,897 shares during the last quarter. Institutional investors and hedge funds own 81.77% of the company’s stock.

Seacoast Banking Co. of Florida Stock Up 2.6 %

Shares of SBCF opened at $26.63 on Tuesday. The firm has a market cap of $2.28 billion, a P/E ratio of 18.62 and a beta of 1.09. 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 52 week low of $21.90 and a 52 week high of $31.68. The firm’s 50-day simple moving average is $27.57 and its 200 day simple moving average is $27.70.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its earnings results on Monday, January 27th. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates 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%. On average, analysts forecast that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current year.

Seacoast Banking Co. of Florida Dividend Announcement

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

Wall Street Analysts Forecast Growth

SBCF has been the subject of several analyst reports. Raymond James reissued an “outperform” rating and issued a $31.00 target price (up from $29.00) on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, January 29th. Stephens lifted their price objective on shares of 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. Finally, StockNews.com upgraded shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target 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.