Inceptionr LLC Takes Position in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Inceptionr LLC acquired a new stake in Seacoast Banking Co. of Florida (NASDAQ:SBCF) in the 4th quarter, Holdings Channel reports. The firm acquired 7,265 shares of the financial services provider’s stock, valued at approximately $200,000.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of Seacoast Banking Co. of Florida by 154.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,120 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 679 shares during the period. Kestra Investment Management LLC acquired a new stake in Seacoast Banking Co. of Florida during the fourth quarter worth $34,000. Venturi Wealth Management LLC acquired a new stake in Seacoast Banking Co. of Florida during the fourth quarter worth $76,000. KBC Group NV boosted its stake in Seacoast Banking Co. of Florida by 30.0% during the third quarter. KBC Group NV now owns 3,326 shares of the financial services provider’s stock worth $89,000 after buying an additional 768 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Seacoast Banking Co. of Florida during the third quarter worth $121,000. 81.77% of the stock is owned by institutional investors.

Seacoast Banking Co. of Florida Stock Down 3.3 %

Shares of NASDAQ:SBCF opened at $25.41 on Tuesday. Seacoast Banking Co. of Florida has a 52 week low of $21.90 and a 52 week high of $31.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85. The company’s fifty day moving average is $27.74 and its 200-day moving average is $27.79. The company has a market capitalization of $2.18 billion, a PE ratio of 17.77 and a beta of 1.09.

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

Seacoast Banking Co. of Florida Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 dividend on an annualized basis and a dividend yield of 2.83%. Seacoast Banking Co. of Florida’s dividend payout ratio is 50.35%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SBCF. Stephens lifted their price target on shares of Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Monday, March 3rd. Raymond James reiterated an “outperform” rating and set a $31.00 price target (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, January 29th. 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Seacoast Banking Co. of Florida currently has a consensus rating of “Hold” and an average target price of $30.00.

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.