Seacoast Banking Co. of Florida (NASDAQ:SBCF) Shares Bought by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC grew its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 23.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 221,281 shares of the financial services provider’s stock after purchasing an additional 41,452 shares during the quarter. Aptus Capital Advisors LLC owned approximately 0.26% of Seacoast Banking Co. of Florida worth $5,897,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. increased its holdings in shares of Seacoast Banking Co. of Florida by 63.8% in the 1st quarter. Sei Investments Co. now owns 205,996 shares of the financial services provider’s stock valued at $5,230,000 after acquiring an additional 80,220 shares during the period. William Blair Investment Management LLC increased its holdings in shares of Seacoast Banking Co. of Florida by 24.0% in the 1st quarter. William Blair Investment Management LLC now owns 1,170,146 shares of the financial services provider’s stock valued at $29,710,000 after acquiring an additional 226,132 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Seacoast Banking Co. of Florida by 23.9% in the 1st quarter. Russell Investments Group Ltd. now owns 465,273 shares of the financial services provider’s stock valued at $11,813,000 after acquiring an additional 89,744 shares during the period. Ceredex Value Advisors LLC increased its holdings in shares of Seacoast Banking Co. of Florida by 24.2% in 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 acquiring an additional 91,900 shares during the period. Finally, F M Investments LLC acquired a new position in shares of Seacoast Banking Co. of Florida in the 2nd quarter valued at $7,601,000. Institutional investors and hedge funds own 81.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stephens lifted their target price on shares of Seacoast Banking Co. of Florida from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $31.00 price objective on shares of Seacoast Banking Co. of Florida in a research report on Wednesday, August 21st. Hovde Group lowered shares of Seacoast Banking Co. of Florida from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $29.00 to $31.00 in a research report on Monday, July 29th. Finally, Truist Financial lowered their price objective on shares of Seacoast Banking Co. of Florida from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.70.

Seacoast Banking Co. of Florida Price Performance

Shares of NASDAQ SBCF opened at $29.92 on Wednesday. The firm has a market capitalization of $2.56 billion, a P/E ratio of 21.68 and a beta of 1.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.86. Seacoast Banking Co. of Florida has a one year low of $21.23 and a one year high of $30.78. The company’s fifty day moving average is $27.07 and its two-hundred day moving average is $25.58.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. The business had revenue of $130.30 million during the quarter, compared to the consensus estimate of $129.20 million. Seacoast Banking Co. of Florida had a return on equity of 5.44% and a net margin of 14.55%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 EPS. Analysts forecast that Seacoast Banking Co. of Florida will post 1.42 EPS for the current fiscal year.

Seacoast Banking Co. of Florida Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, December 13th. Seacoast Banking Co. of Florida’s payout ratio is 52.17%.

Seacoast Banking Co. of Florida Profile

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.