New Age Alpha Advisors LLC Buys New Shares in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

New Age Alpha Advisors LLC purchased a new position in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,382 shares of the financial services provider’s stock, valued at approximately $341,000.

A number of other large investors also recently modified their holdings of SBCF. Envestnet Portfolio Solutions Inc. raised its holdings in Seacoast Banking Co. of Florida by 3.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,554 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 380 shares in the last quarter. CIBC Asset Management Inc boosted its holdings 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 last quarter. Victory Capital Management Inc. grew its stake in shares of Seacoast Banking Co. of Florida by 1.7% in the fourth quarter. Victory Capital Management Inc. now owns 35,518 shares of the financial services provider’s stock valued at $978,000 after buying an additional 585 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in 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 last quarter. Finally, Rhumbline Advisers raised its position in Seacoast Banking Co. of Florida by 0.3% during the fourth quarter. Rhumbline Advisers now owns 256,011 shares of the financial services provider’s stock worth $7,048,000 after acquiring an additional 717 shares in the last quarter. 81.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on SBCF. Raymond James reissued an “outperform” rating and issued a $31.00 price objective (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a research report on Wednesday, January 29th. Stephens lifted their price target on 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. Finally, StockNews.com upgraded Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Four equities 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, Seacoast Banking Co. of Florida has an average rating of “Hold” and an average target price of $30.00.

Seacoast Banking Co. of Florida Trading Down 0.9 %

Shares of SBCF stock opened at $25.50 on Wednesday. Seacoast Banking Co. of Florida has a 12-month low of $21.90 and a 12-month high of $31.68. The company has a market capitalization of $2.18 billion, a PE ratio of 17.83 and a beta of 1.09. The firm has a 50 day moving average price of $27.45 and a two-hundred day moving average price of $27.67. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.16.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.48 EPS for the quarter, beating 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%. As a group, analysts predict that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current year.

Seacoast Banking Co. of Florida Announces Dividend

The firm also recently declared 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. This represents a $0.72 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Friday, March 14th. Seacoast Banking Co. of Florida’s dividend payout ratio is 50.35%.

Seacoast Banking Co. of Florida 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.