William Blair Investment Management LLC Buys 27,825 Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF)

William Blair Investment Management LLC lifted its stake in Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,160,182 shares of the financial services provider’s stock after purchasing an additional 27,825 shares during the period. William Blair Investment Management LLC’s holdings in Seacoast Banking Co. of Florida were worth $31,940,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SBCF. GSA Capital Partners LLP bought a new position in shares of Seacoast Banking Co. of Florida in the third quarter worth about $368,000. Victory Capital Management Inc. grew its holdings in shares of Seacoast Banking Co. of Florida by 4.9% in the third quarter. Victory Capital Management Inc. now owns 34,933 shares of the financial services provider’s stock worth $931,000 after purchasing an additional 1,636 shares during the last quarter. KBC Group NV grew its holdings in shares of Seacoast Banking Co. of Florida by 30.0% in the third quarter. KBC Group NV now owns 3,326 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 768 shares during the last quarter. CIBC Asset Management Inc bought a new position in shares of Seacoast Banking Co. of Florida in the third quarter worth about $211,000. Finally, Natixis Advisors LLC lifted its stake in Seacoast Banking Co. of Florida by 4.4% in the third quarter. Natixis Advisors LLC now owns 34,843 shares of the financial services provider’s stock worth $929,000 after acquiring an additional 1,462 shares during the period. 81.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SBCF. StockNews.com upgraded shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Raymond James reiterated an “outperform” rating and set a $31.00 target price (up from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. Finally, Stephens increased their target price on shares of Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.00.

Seacoast Banking Co. of Florida Stock Down 0.0 %

NASDAQ:SBCF opened at $26.18 on Wednesday. Seacoast Banking Co. of Florida has a fifty-two week low of $21.90 and a fifty-two week high of $31.68. The stock has a market capitalization of $2.24 billion, a P/E ratio of 18.31 and a beta of 1.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85. The company’s 50-day simple moving average is $27.56 and its 200-day simple moving average is $27.72.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last released 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%. On average, equities analysts anticipate 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 company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, March 14th. Seacoast Banking Co. of Florida’s dividend payout ratio is currently 50.35%.

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.