Hantz Financial Services Inc. Has $1.36 Million Stock Holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Hantz Financial Services Inc. increased its holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,132 shares of the financial services provider’s stock after purchasing an additional 383 shares during the period. Hantz Financial Services Inc.’s holdings in Seacoast Banking Co. of Florida were worth $1,363,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its stake in 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 worth $26,000 after buying an additional 412 shares during the last quarter. Innealta Capital LLC acquired a new position in Seacoast Banking Co. of Florida in the second quarter valued at approximately $55,000. KBC Group NV boosted its stake in 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 valued at $89,000 after acquiring an additional 768 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Seacoast Banking Co. of Florida during the 3rd quarter worth $121,000. Finally, FMR LLC raised its position in shares of Seacoast Banking Co. of Florida by 57.3% during the 3rd quarter. FMR LLC now owns 5,382 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 1,960 shares during the last quarter. Institutional investors and hedge funds own 81.77% of the company’s stock.

Insider Activity at Seacoast Banking Co. of Florida

In related news, CEO Charles M. Shaffer sold 21,255 shares of Seacoast Banking Co. of Florida stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $30.36, for a total value of $645,301.80. Following the sale, the chief executive officer now owns 126,232 shares of the company’s stock, valued at approximately $3,832,403.52. This trade represents a 14.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.

Seacoast Banking Co. of Florida Stock Down 1.1 %

NASDAQ:SBCF opened at $29.96 on Monday. Seacoast Banking Co. of Florida has a 1 year low of $21.90 and a 1 year high of $31.68. The stock has a 50-day moving average price of $27.84 and a two-hundred day moving average price of $26.12. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 21.71 and a beta of 1.07. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The business had revenue of $130.30 million during the quarter, compared to analyst estimates of $129.20 million. Seacoast Banking Co. of Florida had a return on equity of 5.44% and a net margin of 14.55%. Seacoast Banking Co. of Florida’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 EPS. As a group, equities analysts expect that Seacoast Banking Co. of Florida will post 1.41 earnings per share for the current year.

Seacoast Banking Co. of Florida Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.40%. Seacoast Banking Co. of Florida’s payout ratio is 52.17%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SBCF shares. Truist Financial reduced their price target on 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. Keefe, Bruyette & Woods restated an “outperform” rating and set a $31.00 target price on shares of Seacoast Banking Co. of Florida in a report on Wednesday, August 21st. Finally, Stephens boosted their target price on Seacoast Banking Co. of Florida from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Seacoast Banking Co. of Florida has an average rating of “Hold” and an average target price of $28.70.

Seacoast Banking Co. of Florida Company Profile

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides integrated financial services to retail and commercial customers in Florida. The company offers noninterest and interest-bearing demand deposit, money market, savings, and customer sweep accounts; time certificates of deposit; construction and land development, commercial and residential real estate, and commercial and financial loans; and consumer loans, including installment loans and revolving lines, as well as loans for automobiles, boats, and personal and family purposes.