New York State Common Retirement Fund lessened its stake in Seacoast Banking Co. of Florida (NASDAQ:SBCF – Get Rating) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,400 shares of the financial services provider’s stock after selling 1,963 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Seacoast Banking Co. of Florida worth $1,310,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SBCF. Janney Montgomery Scott LLC purchased a new position in Seacoast Banking Co. of Florida in the 4th quarter worth approximately $204,000. Allspring Global Investments Holdings LLC purchased a new position in Seacoast Banking Co. of Florida in the 4th quarter worth approximately $555,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Seacoast Banking Co. of Florida by 91.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,780 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 4,664 shares during the period. Mutual of America Capital Management LLC boosted its holdings in Seacoast Banking Co. of Florida by 7.8% in the 4th quarter. Mutual of America Capital Management LLC now owns 7,972 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 580 shares during the period. Finally, Advisor Group Holdings Inc. boosted its holdings in Seacoast Banking Co. of Florida by 141.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 9,194 shares of the financial services provider’s stock worth $325,000 after acquiring an additional 5,392 shares during the period. Hedge funds and other institutional investors own 79.87% of the company’s stock.
Insiders Place Their Bets
In other Seacoast Banking Co. of Florida news, Director Dennis S. Hudson III sold 8,000 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $36.00, for a total value of $288,000.00. Following the sale, the director now directly owns 169,698 shares of the company’s stock, valued at $6,109,128. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Dennis S. Hudson III sold 2,542 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $35.48, for a total value of $90,190.16. Following the completion of the transaction, the director now owns 169,698 shares of the company’s stock, valued at $6,020,885.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dennis S. Hudson III sold 8,000 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $36.00, for a total value of $288,000.00. Following the completion of the transaction, the director now directly owns 169,698 shares of the company’s stock, valued at approximately $6,109,128. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts have issued reports on SBCF shares. B. Riley cut their target price on Seacoast Banking Co. of Florida from $36.00 to $34.00 in a research report on Monday, July 11th. Truist Financial cut their target price on Seacoast Banking Co. of Florida from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, July 6th. Finally, StockNews.com raised Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Three investment analysts have rated the stock with a hold rating and two have issued 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 $37.33.
Seacoast Banking Co. of Florida Stock Performance
SBCF stock opened at $35.14 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. The firm has a market cap of $2.16 billion, a P/E ratio of 18.69 and a beta of 1.12. Seacoast Banking Co. of Florida has a 12-month low of $29.28 and a 12-month high of $39.31. The stock’s 50 day simple moving average is $33.84 and its 200 day simple moving average is $34.41.
Seacoast Banking Co. of Florida (NASDAQ:SBCF – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. Seacoast Banking Co. of Florida had a return on equity of 9.80% and a net margin of 29.70%. During the same quarter last year, the company posted $0.59 EPS. As a group, equities research analysts predict that Seacoast Banking Co. of Florida will post 1.89 EPS for the current year.
Seacoast Banking Co. of Florida Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Wednesday, September 14th. Seacoast Banking Co. of Florida’s dividend payout ratio is presently 36.17%.
Seacoast Banking Co. of Florida Profile
(Get Rating)
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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New York State Common Retirement Fund Decreases Stock Position in Seacoast Banking Co. of Florida (NASDAQ:SBCF) & Latest News Update
New York State Common Retirement Fund Decreases Stock Position in Seacoast Banking Co. of Florida (NASDAQ:SBCF) & More Live News
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New York State Common Retirement Fund Decreases Stock Position in Seacoast Banking Co. of Florida (NASDAQ:SBCF) & More News Today
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