Seacoast Banking Co. of Florida (NASDAQ:SBCF) Shares Acquired by Tributary Capital Management LLC

Tributary Capital Management LLC increased its holdings in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 44.4% during the fourth quarter, HoldingsChannel reports. The fund owned 654,854 shares of the financial services provider’s stock after buying an additional 201,494 shares during the period. Tributary Capital Management LLC’s holdings in Seacoast Banking Co. of Florida were worth $18,028,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Seacoast Banking Co. of Florida by 12.6% in the 2nd quarter. American Century Companies Inc. now owns 146,815 shares of the financial services provider’s stock worth $3,471,000 after acquiring an additional 16,383 shares during the period. Dimensional Fund Advisors LP grew its holdings in Seacoast Banking Co. of Florida by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,001,292 shares of the financial services provider’s stock valued at $70,949,000 after purchasing an additional 27,287 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Seacoast Banking Co. of Florida by 83.2% in the second quarter. Renaissance Technologies LLC now owns 78,605 shares of the financial services provider’s stock valued at $1,858,000 after buying an additional 35,700 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Seacoast Banking Co. of Florida during the 2nd quarter worth $263,000. Finally, Sei Investments Co. boosted its position in shares of Seacoast Banking Co. of Florida by 36.7% in the 2nd quarter. Sei Investments Co. now owns 281,601 shares of the financial services provider’s stock worth $6,657,000 after buying an additional 75,605 shares in the last quarter. Hedge funds and other institutional investors own 81.77% of the company’s stock.

Insider Transactions at Seacoast Banking Co. of Florida

In other news, CEO Charles M. Shaffer sold 21,255 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $30.36, for a total transaction of $645,301.80. Following the completion of the sale, the chief executive officer now directly owns 126,232 shares of the company’s stock, valued at $3,832,403.52. The trade was a 14.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company’s stock.

Seacoast Banking Co. of Florida Stock Performance

Shares of SBCF opened at $26.73 on Friday. Seacoast Banking Co. of Florida has a 1 year low of $21.90 and a 1 year high of $31.68. The company’s 50 day simple moving average is $28.17 and its 200 day simple moving average is $27.37. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 19.37 and a beta of 1.09. 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 (NASDAQ:SBCF) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.36 EPS for the quarter, meeting 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 during the quarter, compared to analyst estimates of $129.20 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts predict that Seacoast Banking Co. of Florida will post 1.39 EPS for the current year.

Seacoast Banking Co. of Florida Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, March 14th. Seacoast Banking Co. of Florida’s dividend payout ratio is currently 52.17%.

Analysts Set New Price Targets

A number of equities analysts have issued reports 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 stock an “equal weight” rating in a research report on Monday, October 28th. Truist Financial cut 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.70.

Seacoast Banking Co. of Florida Company 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.