Versor Investments LP Buys 12,200 Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Versor Investments LP grew its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 83.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,900 shares of the financial services provider’s stock after buying an additional 12,200 shares during the period. Versor Investments LP’s holdings in Seacoast Banking Co. of Florida were worth $741,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBCF. Wellington Management Group LLP boosted its holdings in Seacoast Banking Co. of Florida by 7.9% during the third quarter. Wellington Management Group LLP now owns 4,170,515 shares of the financial services provider’s stock worth $111,144,000 after buying an additional 305,843 shares during the last quarter. Tributary Capital Management LLC boosted its holdings in Seacoast Banking Co. of Florida by 44.4% during the fourth quarter. Tributary Capital Management LLC now owns 654,854 shares of the financial services provider’s stock worth $18,028,000 after buying an additional 201,494 shares during the last quarter. Barclays PLC boosted its holdings in Seacoast Banking Co. of Florida by 112.0% during the third quarter. Barclays PLC now owns 178,355 shares of the financial services provider’s stock worth $4,754,000 after buying an additional 94,242 shares during the last quarter. Ceredex Value Advisors LLC boosted its holdings in Seacoast Banking Co. of Florida by 24.2% during the third quarter. Ceredex Value Advisors LLC now owns 470,954 shares of the financial services provider’s stock worth $12,551,000 after buying an additional 91,900 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in Seacoast Banking Co. of Florida by 7.0% during the third quarter. Royce & Associates LP now owns 1,026,578 shares of the financial services provider’s stock worth $27,358,000 after buying an additional 67,567 shares during the last quarter. Institutional investors own 81.77% of the company’s stock.

Analysts Set New Price Targets

SBCF has been the topic of several recent analyst reports. Raymond James reiterated an “outperform” rating and set a $31.00 price objective (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. StockNews.com upgraded Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Four 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, Seacoast Banking Co. of Florida currently has a consensus rating of “Hold” and an average price target of $29.40.

Seacoast Banking Co. of Florida Trading Up 1.3 %

NASDAQ:SBCF opened at $28.28 on Friday. The business’s 50-day simple moving average is $27.79 and its 200-day simple moving average is $27.70. Seacoast Banking Co. of Florida has a fifty-two week low of $21.90 and a fifty-two week high of $31.68. The stock has a market capitalization of $2.42 billion, a PE ratio of 19.78 and a beta of 1.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.85 and a quick ratio of 0.85.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its earnings results on Monday, January 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.15. Seacoast Banking Co. of Florida had a return on equity of 5.91% and a net margin of 14.95%. Sell-side analysts expect 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Friday, March 14th. Seacoast Banking Co. of Florida’s dividend payout ratio is presently 50.35%.

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.