Seacoast Banking Corporation of Florida $SBCF Shares Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its holdings in shares of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) by 0.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,927,217 shares of the financial services provider’s stock after acquiring an additional 10,474 shares during the quarter. Seacoast Banking Corporation of Florida makes up approximately 0.7% of Segall Bryant & Hamill LLC’s holdings, making the stock its 14th largest holding. Segall Bryant & Hamill LLC’s holdings in Seacoast Banking Corporation of Florida were worth $53,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SBCF. Orca Wealth Management LLC purchased a new stake in Seacoast Banking Corporation of Florida in the 1st quarter worth approximately $445,000. Intech Investment Management LLC lifted its stake in shares of Seacoast Banking Corporation of Florida by 36.5% in the 1st quarter. Intech Investment Management LLC now owns 91,340 shares of the financial services provider’s stock valued at $2,350,000 after purchasing an additional 24,408 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Seacoast Banking Corporation of Florida by 12.8% in the 1st quarter. Russell Investments Group Ltd. now owns 569,866 shares of the financial services provider’s stock valued at $14,663,000 after purchasing an additional 64,854 shares during the period. Deutsche Bank AG boosted its holdings in Seacoast Banking Corporation of Florida by 54.7% during the first quarter. Deutsche Bank AG now owns 114,082 shares of the financial services provider’s stock worth $2,935,000 after buying an additional 40,330 shares in the last quarter. Finally, Truist Financial Corp grew its position in Seacoast Banking Corporation of Florida by 2.2% during the second quarter. Truist Financial Corp now owns 17,208 shares of the financial services provider’s stock valued at $475,000 after buying an additional 373 shares during the period. 81.77% of the stock is owned by hedge funds and other institutional investors.

Seacoast Banking Corporation of Florida Trading Up 3.9%

Shares of Seacoast Banking Corporation of Florida stock opened at $30.56 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. Seacoast Banking Corporation of Florida has a twelve month low of $21.36 and a twelve month high of $32.33. The firm has a market capitalization of $2.99 billion, a PE ratio of 18.08 and a beta of 1.01. The firm’s 50-day moving average price is $30.55 and its 200 day moving average price is $28.73.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last announced its earnings results on Monday, February 14th. The financial services provider reported $0.55 EPS for the quarter. The business had revenue of $83.85 million during the quarter. Seacoast Banking Corporation of Florida had a return on equity of 7.16% and a net margin of 16.93%. On average, sell-side analysts predict that Seacoast Banking Corporation of Florida will post 1.71 EPS for the current fiscal year.

Seacoast Banking Corporation of Florida Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.76 annualized dividend and a yield of 2.5%. This is an increase from Seacoast Banking Corporation of Florida’s previous quarterly dividend of $0.18. Seacoast Banking Corporation of Florida’s dividend payout ratio is currently 44.97%.

Analyst Ratings Changes

A number of brokerages have weighed in on SBCF. Zacks Research upgraded shares of Seacoast Banking Corporation of Florida from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. Keefe, Bruyette & Woods lifted their price target on Seacoast Banking Corporation of Florida from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Piper Sandler reiterated a “neutral” rating and set a $33.50 price target on shares of Seacoast Banking Corporation of Florida in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Seacoast Banking Corporation of Florida in a report on Wednesday, October 8th. Finally, Raymond James Financial set a $33.00 price objective on Seacoast Banking Corporation of Florida and gave the company an “outperform” rating in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Insiders Place Their Bets

In other Seacoast Banking Corporation of Florida news, Director Dennis S. Hudson III sold 8,000 shares of Seacoast Banking Corporation of Florida stock in a transaction on Monday, November 10th. The shares were sold at an average price of $31.13, for a total transaction of $249,040.00. Following the sale, the director owned 251,275 shares of the company’s stock, valued at $7,822,190.75. The trade was a 3.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Seacoast Banking Corporation 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.