Seacoast Banking Co. of Florida (NASDAQ:SBCF) Shares Sold by One Wealth Management Investment & Advisory Services LLC

One Wealth Management Investment & Advisory Services LLC lowered its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 8.6% in the third quarter, HoldingsChannel reports. The fund owned 42,432 shares of the financial services provider’s stock after selling 4,000 shares during the quarter. Seacoast Banking Co. of Florida makes up about 2.0% of One Wealth Management Investment & Advisory Services LLC’s portfolio, making the stock its 11th largest position. One Wealth Management Investment & Advisory Services LLC’s holdings in Seacoast Banking Co. of Florida were worth $1,131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SBCF. GAMMA Investing LLC increased its stake in shares of Seacoast Banking Co. of Florida by 73.4% during the 3rd quarter. GAMMA Investing LLC now owns 973 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 412 shares during the last quarter. Innealta Capital LLC acquired a new stake in Seacoast Banking Co. of Florida during the 2nd quarter worth approximately $55,000. KBC Group NV increased its position in Seacoast Banking Co. of Florida by 30.0% during the 3rd quarter. KBC Group NV now owns 3,326 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 768 shares in the last quarter. Algert Global LLC acquired a new stake in Seacoast Banking Co. of Florida during the 2nd quarter worth approximately $202,000. Finally, Janney Montgomery Scott LLC increased its position in Seacoast Banking Co. of Florida by 6.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,127 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 460 shares in the last quarter. Institutional investors and hedge funds own 81.77% of the company’s stock.

Seacoast Banking Co. of Florida Stock Performance

Seacoast Banking Co. of Florida stock opened at $29.81 on Thursday. The stock has a market cap of $2.55 billion, a P/E ratio of 21.60 and a beta of 1.07. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16. The stock has a 50 day moving average of $27.12 and a 200-day moving average of $25.61. Seacoast Banking Co. of Florida has a 52 week low of $21.23 and a 52 week high of $30.78.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its quarterly earnings data 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. Seacoast Banking Co. of Florida had a return on equity of 5.44% and a net margin of 14.55%. The firm had revenue of $130.30 million for the quarter, compared to analysts’ expectations of $129.20 million. During the same period last year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect that Seacoast Banking Co. of Florida will post 1.42 EPS for the current fiscal year.

Seacoast Banking Co. of Florida Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, December 13th. Seacoast Banking Co. of Florida’s dividend payout ratio is presently 52.17%.

Insiders Place Their Bets

In other news, CEO Charles M. Shaffer sold 21,255 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $30.36, for a total transaction of $645,301.80. Following the transaction, the chief executive officer now directly owns 126,232 shares of the company’s stock, valued at approximately $3,832,403.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on SBCF. Stephens increased their target price 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 report on Monday, October 28th. Hovde Group downgraded shares of Seacoast Banking Co. of Florida from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $29.00 to $31.00 in a research report on Monday, July 29th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $31.00 price target on shares of Seacoast Banking Co. of Florida in a report on Wednesday, August 21st. Finally, Truist Financial decreased their price target on Seacoast Banking Co. of Florida from $30.00 to $28.00 and set a “hold” rating for the company in a report on Monday, October 28th. Three 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, the company currently has an average rating of “Hold” and an average target price of $28.70.

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.