Natixis Advisors LLC Raises Stock Holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Natixis Advisors LLC grew its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,513 shares of the financial services provider’s stock after buying an additional 6,670 shares during the period. Natixis Advisors LLC’s holdings in Seacoast Banking Co. of Florida were worth $1,143,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in Seacoast Banking Co. of Florida by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 4,170,515 shares of the financial services provider’s stock worth $111,144,000 after acquiring an additional 305,843 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Seacoast Banking Co. of Florida during the 4th quarter valued at $6,850,000. Tributary Capital Management LLC lifted its stake in shares of Seacoast Banking Co. of Florida by 44.4% during the 4th quarter. Tributary Capital Management LLC now owns 654,854 shares of the financial services provider’s stock valued at $18,028,000 after buying an additional 201,494 shares in the last quarter. Barclays PLC boosted its holdings in Seacoast Banking Co. of Florida by 112.0% in the 3rd 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 period. Finally, Charles Schwab Investment Management Inc. increased its stake in Seacoast Banking Co. of Florida by 7.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 849,811 shares of the financial services provider’s stock worth $22,647,000 after buying an additional 56,897 shares in the last quarter. 81.77% of the stock is currently owned by institutional investors.

Seacoast Banking Co. of Florida Price Performance

NASDAQ:SBCF opened at $26.47 on Wednesday. The business’s 50-day moving average is $27.57 and its 200 day moving average is $27.70. Seacoast Banking Co. of Florida has a 12 month low of $21.90 and a 12 month high of $31.68. The company has a market capitalization of $2.27 billion, a P/E ratio of 18.51 and a beta of 1.09. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, equities research analysts forecast that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current fiscal year.

Seacoast Banking Co. of Florida Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.18 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.72%. Seacoast Banking Co. of Florida’s payout ratio is currently 50.35%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SBCF. Stephens boosted their price objective on Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday, March 3rd. StockNews.com raised Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, Raymond James reaffirmed an “outperform” rating and set a $31.00 price objective (up from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.