Sabal Trust CO Sells 400 Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Sabal Trust CO trimmed its holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 2.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,400 shares of the financial services provider’s stock after selling 400 shares during the quarter. Sabal Trust CO’s holdings in Seacoast Banking Co. of Florida were worth $451,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SBCF. Wellington Management Group LLP lifted its holdings in shares of Seacoast Banking Co. of Florida by 7.9% in 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 acquiring an additional 305,843 shares during the last quarter. Tributary Capital Management LLC raised its holdings in Seacoast Banking Co. of Florida by 44.4% during the 4th quarter. Tributary Capital Management LLC now owns 654,854 shares of the financial services provider’s stock valued at $18,028,000 after buying an additional 201,494 shares during the last quarter. abrdn plc raised its holdings in Seacoast Banking Co. of Florida by 10.9% during the 3rd quarter. abrdn plc now owns 1,122,478 shares of the financial services provider’s stock valued at $29,914,000 after buying an additional 110,582 shares during the last quarter. Barclays PLC raised its holdings in Seacoast Banking Co. of Florida by 112.0% during the 3rd quarter. Barclays PLC now owns 178,355 shares of the financial services provider’s stock valued at $4,754,000 after buying an additional 94,242 shares during the last quarter. Finally, Ceredex Value Advisors LLC raised its holdings in Seacoast Banking Co. of Florida by 24.2% during the 3rd quarter. Ceredex Value Advisors LLC now owns 470,954 shares of the financial services provider’s stock valued at $12,551,000 after buying an additional 91,900 shares during the last quarter. 81.77% of the stock is currently owned by institutional investors.

Seacoast Banking Co. of Florida Stock Down 0.5 %

Shares of NASDAQ SBCF opened at $27.83 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 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 firm has a market capitalization of $2.38 billion, a PE ratio of 19.46 and a beta of 1.08. The firm has a fifty day simple moving average of $27.76 and a two-hundred day simple moving average of $27.70.

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, topping the consensus estimate of $0.33 by $0.15. Seacoast Banking Co. of Florida had a net margin of 14.95% and a return on equity of 5.91%. Equities analysts expect 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 2.59%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is presently 50.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SBCF shares. Raymond James reiterated an “outperform” rating and set a $31.00 price target (up from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. StockNews.com upgraded shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a report 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. According to MarketBeat, Seacoast Banking Co. of Florida has a consensus rating of “Hold” and a consensus target price of $29.40.

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.