Seacoast Banking Co. of Florida (NASDAQ:SBCF) Stock Holdings Lowered by First Eagle Investment Management LLC

First Eagle Investment Management LLC lowered its position in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 1.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 654,051 shares of the financial services provider’s stock after selling 10,400 shares during the period. First Eagle Investment Management LLC owned 0.77% of Seacoast Banking Co. of Florida worth $18,006,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. State Street Corp grew its position in shares of Seacoast Banking Co. of Florida by 0.7% during the third quarter. State Street Corp now owns 4,239,308 shares of the financial services provider’s stock worth $112,978,000 after acquiring an additional 28,066 shares during the last quarter. Wellington Management Group LLP grew its position in Seacoast Banking Co. of Florida by 7.9% in the 3rd quarter. Wellington Management Group LLP now owns 4,170,515 shares of the financial services provider’s stock valued at $111,144,000 after buying an additional 305,843 shares in the last quarter. Geode Capital Management LLC grew its position in Seacoast Banking Co. of Florida by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,024,351 shares of the financial services provider’s stock valued at $53,959,000 after buying an additional 23,396 shares in the last quarter. Segall Bryant & Hamill LLC grew its position in Seacoast Banking Co. of Florida by 0.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,846,418 shares of the financial services provider’s stock valued at $49,207,000 after buying an additional 13,567 shares in the last quarter. Finally, Royce & Associates LP grew its position in Seacoast Banking Co. of Florida by 7.0% in the 3rd quarter. Royce & Associates LP now owns 1,026,578 shares of the financial services provider’s stock valued at $27,358,000 after buying an additional 67,567 shares in the last quarter. Institutional investors own 81.77% of the company’s stock.

Seacoast Banking Co. of Florida Price Performance

Shares of NASDAQ SBCF opened at $25.43 on Friday. Seacoast Banking Co. of Florida has a twelve month low of $21.90 and a twelve month high of $31.68. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 17.78 and a beta of 1.09. The firm has a 50-day moving average of $27.62 and a two-hundred day moving average of $27.76.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last issued its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.15. Seacoast Banking Co. of Florida had a net margin of 14.95% and a return on equity of 5.91%. As a group, 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Friday, March 14th. Seacoast Banking Co. of Florida’s payout ratio is 50.35%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SBCF shares. Stephens increased their target price on shares of 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 upgraded shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Finally, Raymond James reiterated an “outperform” rating and issued a $31.00 target price (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.00.

About Seacoast Banking Co. of Florida

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.