Seacoast Banking Co. of Florida (NASDAQ:SBCF) Stock Holdings Lessened by One Wealth Management Investment & Advisory Services LLC

One Wealth Management Investment & Advisory Services LLC reduced its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 10.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,863 shares of the financial services provider’s stock after selling 4,569 shares during the quarter. Seacoast Banking Co. of Florida makes up approximately 1.7% of One Wealth Management Investment & Advisory Services LLC’s portfolio, making the stock its 12th largest position. One Wealth Management Investment & Advisory Services LLC’s holdings in Seacoast Banking Co. of Florida were worth $1,042,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Seacoast Banking Co. of Florida by 0.7% during the 3rd quarter. State Street Corp now owns 4,239,308 shares of the financial services provider’s stock valued at $112,978,000 after buying an additional 28,066 shares during the last quarter. Wellington Management Group LLP lifted its stake in Seacoast Banking Co. of Florida by 7.9% in the third quarter. Wellington Management Group LLP now owns 4,170,515 shares of the financial services provider’s stock valued at $111,144,000 after acquiring an additional 305,843 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Seacoast Banking Co. of Florida by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 3,001,292 shares of the financial services provider’s stock worth $70,949,000 after acquiring an additional 27,287 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Seacoast Banking Co. of Florida by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,024,351 shares of the financial services provider’s stock worth $53,959,000 after purchasing an additional 23,396 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Seacoast Banking Co. of Florida by 0.7% during 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 purchasing an additional 13,567 shares in the last quarter. 81.77% of the stock is owned by hedge funds and other institutional investors.

Seacoast Banking Co. of Florida Stock Performance

Shares of SBCF opened at $26.73 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.86 and a quick ratio of 0.86. Seacoast Banking Co. of Florida has a one year low of $21.90 and a one year high of $31.68. The company’s fifty day moving average price is $28.28 and its 200 day moving average price is $27.35. The company has a market capitalization of $2.28 billion, a PE ratio of 19.37 and a beta of 1.09.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Seacoast Banking Co. of Florida had a return on equity of 5.44% and a net margin of 14.55%. The business had revenue of $130.30 million during the quarter, compared to analysts’ expectations of $129.20 million. During the same quarter in the previous year, the firm earned $0.37 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts expect that Seacoast Banking Co. of Florida will post 1.39 earnings per share for the current year.

Seacoast Banking Co. of Florida Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.69%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is presently 52.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SBCF shares. Truist Financial decreased their price objective on shares of Seacoast Banking Co. of Florida from $30.00 to $28.00 and set a “hold” rating for the company in a report on Monday, October 28th. Stephens upped their price target on Seacoast Banking Co. of Florida from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $28.70.

Insider Activity

In related news, CEO Charles M. Shaffer sold 21,255 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $30.36, for a total transaction of $645,301.80. Following the transaction, the chief executive officer now owns 126,232 shares of the company’s stock, valued at approximately $3,832,403.52. The trade was a 14.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

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.