Seacoast Banking Co. of Florida (NASDAQ:SBCF) Shares Sold by TFC Financial Management Inc.

TFC Financial Management Inc. decreased its position in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 33.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,142 shares of the financial services provider’s stock after selling 571 shares during the quarter. TFC Financial Management Inc.’s holdings in Seacoast Banking Co. of Florida were worth $31,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. boosted its holdings in shares of Seacoast Banking Co. of Florida by 0.8% during the third quarter. Hantz Financial Services Inc. now owns 51,132 shares of the financial services provider’s stock valued at $1,363,000 after acquiring an additional 383 shares during the period. GAMMA Investing LLC raised its stake in shares of Seacoast Banking Co. of Florida by 73.4% during the third quarter. GAMMA Investing LLC now owns 973 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 412 shares in the last quarter. Trust Point Inc. raised its stake in shares of Seacoast Banking Co. of Florida by 2.8% during the third quarter. Trust Point Inc. now owns 22,903 shares of the financial services provider’s stock valued at $610,000 after purchasing an additional 617 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Seacoast Banking Co. of Florida by 1.3% during the third quarter. PNC Financial Services Group Inc. now owns 49,698 shares of the financial services provider’s stock valued at $1,324,000 after purchasing an additional 659 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Seacoast Banking Co. of Florida by 30.0% during the third quarter. KBC Group NV now owns 3,326 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 768 shares in the last quarter. Institutional investors and hedge funds own 81.77% of the company’s stock.

Seacoast Banking Co. of Florida Stock Down 3.0 %

Shares of SBCF stock opened at $29.11 on Thursday. Seacoast Banking Co. of Florida has a 12 month low of $21.90 and a 12 month high of $31.68. The firm has a market cap of $2.49 billion, a PE ratio of 20.36 and a beta of 1.08. The stock has a 50 day moving average of $27.82 and a 200-day moving average of $27.52. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.16.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced 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 return on equity of 5.91% and a net margin of 14.95%. On average, equities analysts predict that Seacoast Banking Co. of Florida will post 1.67 EPS for the current year.

Seacoast Banking Co. of Florida Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Friday, March 14th. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is presently 50.35%.

Analysts Set New Price Targets

SBCF has been the topic of a number of recent analyst reports. Stephens lifted their price objective on shares of Seacoast Banking Co. of Florida from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Truist Financial dropped their price target on shares of Seacoast Banking Co. of Florida from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Raymond James reiterated an “outperform” rating and issued a $31.00 price target (up from $29.00) on shares of Seacoast Banking Co. of Florida in a research report on Wednesday, January 29th. Finally, StockNews.com raised Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $29.40.

Seacoast Banking Co. of Florida Company 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.