Seacoast Banking Co. of Florida (NASDAQ:SBCF – Get Rating) Director Dennis S. Hudson III sold 2,542 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $35.48, for a total transaction of $90,190.16. Following the completion of the sale, the director now owns 169,698 shares in the company, valued at $6,020,885.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Seacoast Banking Co. of Florida Stock Up 0.7 %
Shares of NASDAQ SBCF traded up $0.25 during midday trading on Tuesday, hitting $35.85. The company’s stock had a trading volume of 517,316 shares, compared to its average volume of 345,550. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 19.03 and a beta of 1.12. The business’s fifty day simple moving average is $33.78 and its two-hundred day simple moving average is $34.40. Seacoast Banking Co. of Florida has a 1 year low of $29.28 and a 1 year high of $39.31.
Seacoast Banking Co. of Florida (NASDAQ:SBCF – Get Rating) last released its earnings results on Thursday, July 28th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. Seacoast Banking Co. of Florida had a net margin of 29.70% and a return on equity of 9.80%. During the same quarter last year, the firm posted $0.59 EPS. On average, equities analysts predict that Seacoast Banking Co. of Florida will post 1.89 EPS for the current year.
Seacoast Banking Co. of Florida Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.68 annualized dividend and a yield of 1.90%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is 36.17%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on SBCF shares. StockNews.com upgraded shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Truist Financial decreased their price target on Seacoast Banking Co. of Florida from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, July 6th. Finally, B. Riley lowered their price target on Seacoast Banking Co. of Florida from $36.00 to $34.00 in a research report on Monday, July 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Seacoast Banking Co. of Florida has a consensus rating of “Hold” and an average price target of $37.33.
Institutional Trading of Seacoast Banking Co. of Florida
A number of large investors have recently made changes to their positions in SBCF. Thrivent Financial for Lutherans lifted its holdings in Seacoast Banking Co. of Florida by 1.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,429,982 shares of the financial services provider’s stock worth $47,247,000 after buying an additional 17,702 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Seacoast Banking Co. of Florida by 2.5% in the second quarter. Prudential Financial Inc. now owns 64,010 shares of the financial services provider’s stock valued at $2,113,000 after purchasing an additional 1,536 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in Seacoast Banking Co. of Florida in the second quarter valued at approximately $411,000. Penn Capital Management Company LLC increased its stake in Seacoast Banking Co. of Florida by 389.8% in the second quarter. Penn Capital Management Company LLC now owns 296,557 shares of the financial services provider’s stock valued at $9,798,000 after purchasing an additional 236,015 shares during the last quarter. Finally, Occudo Quantitative Strategies LP raised its holdings in Seacoast Banking Co. of Florida by 55.9% during the second quarter. Occudo Quantitative Strategies LP now owns 36,738 shares of the financial services provider’s stock worth $1,214,000 after purchasing an additional 13,171 shares in the last quarter. 79.87% of the stock is currently owned by hedge funds and other institutional investors.
Seacoast Banking Co. of Florida Company Profile
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Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to retail and commercial customers in Florida. It offers commercial and retail banking, wealth management, and mortgage services; and brokerage and annuity services.
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Seacoast Banking Co. of Florida (NASDAQ:SBCF) Director Dennis S. Hudson III Sells 2,542 Shares & Latest News Update
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