Citigroup Inc. reduced its stake in Seacoast Banking Co. of Florida (NASDAQ:SBCF – Free Report) by 46.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 79,253 shares of the financial services provider’s stock after selling 68,306 shares during the quarter. Citigroup Inc. owned approximately 0.09% of Seacoast Banking Co. of Florida worth $1,740,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Great West Life Assurance Co. Can grew its stake in shares of Seacoast Banking Co. of Florida by 0.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 50,589 shares of the financial services provider’s stock valued at $1,816,000 after acquiring an additional 317 shares during the period. FMR LLC grew its stake in shares of Seacoast Banking Co. of Florida by 24.8% during the 2nd quarter. FMR LLC now owns 1,659 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 330 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Seacoast Banking Co. of Florida by 5.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,933 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 331 shares during the period. Yousif Capital Management LLC grew its stake in shares of Seacoast Banking Co. of Florida by 0.6% during the 1st quarter. Yousif Capital Management LLC now owns 53,192 shares of the financial services provider’s stock valued at $1,863,000 after acquiring an additional 336 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of Seacoast Banking Co. of Florida by 39.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,827 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 520 shares during the period. 81.11% of the stock is owned by institutional investors.
Seacoast Banking Co. of Florida Stock Down 0.3 %
SBCF opened at $23.97 on Friday. Seacoast Banking Co. of Florida has a 52 week low of $17.93 and a 52 week high of $31.56. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.07. The firm has a 50-day simple moving average of $26.30 and a two-hundred day simple moving average of $23.99. The company has a market capitalization of $2.04 billion, a PE ratio of 19.33 and a beta of 1.18.
Seacoast Banking Co. of Florida (NASDAQ:SBCF – Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.05). Seacoast Banking Co. of Florida had a net margin of 13.54% and a return on equity of 5.04%. The business had revenue of $128.16 million for the quarter, compared to the consensus estimate of $135.33 million. Analysts forecast that Seacoast Banking Co. of Florida will post 1.52 earnings per share for the current fiscal year.
Seacoast Banking Co. of Florida Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.72 annualized dividend and a yield of 3.00%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is currently 58.06%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on SBCF. StockNews.com raised Seacoast Banking Co. of Florida to a “sell” rating in a research note on Monday, October 30th. Raymond James upped their price objective on Seacoast Banking Co. of Florida from $23.00 to $27.50 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Truist Financial dropped their price objective on Seacoast Banking Co. of Florida from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Tuesday, January 30th. Finally, TheStreet lowered Seacoast Banking Co. of Florida from a “b-” rating to a “c+” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Seacoast Banking Co. of Florida currently has a consensus rating of “Hold” and a consensus target price of $27.30.
Get Our Latest Research Report on SBCF
Seacoast Banking Co. of Florida Profile
Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides integrated financial services to retail and commercial customers in Florida. It offers commercial and retail banking, wealth management, mortgage, and insurance services through online and mobile banking solutions; and brokerage and annuity services.
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