Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) EVP James C. Stallings III sold 3,855 shares of Seacoast Banking Co. of Florida stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $24.44, for a total value of $94,216.20. Following the completion of the transaction, the executive vice president now owns 3,961 shares of the company's stock, valued at approximately $96,806.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Seacoast Banking Co. of Florida Stock Up 2.4 %
Shares of NASDAQ SBCF opened at $24.69 on Tuesday. The firm has a 50-day simple moving average of $23.96 and a two-hundred day simple moving average of $24.56. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.85 and a quick ratio of 0.85. Seacoast Banking Co. of Florida has a 1 year low of $18.52 and a 1 year high of $29.98. The company has a market cap of $2.10 billion, a P/E ratio of 17.64 and a beta of 1.17.
Seacoast Banking Co. of Florida Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Thursday, June 13th. Seacoast Banking Co. of Florida's dividend payout ratio is presently 51.43%.
Institutional Trading of Seacoast Banking Co. of Florida
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Several institutional investors and hedge funds have recently modified their holdings of SBCF. Wellington Management Group LLP raised its stake in shares of Seacoast Banking Co. of Florida by 31.7% during the third quarter. Wellington Management Group LLP now owns 4,597,739 shares of the financial services provider's stock valued at $100,966,000 after acquiring an additional 1,106,724 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Seacoast Banking Co. of Florida during the fourth quarter valued at approximately $10,179,000. abrdn plc raised its stake in shares of Seacoast Banking Co. of Florida by 40.7% during the third quarter. abrdn plc now owns 1,212,652 shares of the financial services provider's stock valued at $26,630,000 after acquiring an additional 350,726 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Seacoast Banking Co. of Florida by 20.6% during the fourth quarter. Franklin Resources Inc. now owns 2,047,145 shares of the financial services provider's stock valued at $58,262,000 after acquiring an additional 349,147 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Seacoast Banking Co. of Florida by 11.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,980,072 shares of the financial services provider's stock valued at $84,814,000 after acquiring an additional 310,499 shares in the last quarter. Institutional investors own 81.77% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on SBCF shares. Keefe, Bruyette & Woods dropped their price target on Seacoast Banking Co. of Florida from $28.00 to $26.00 and set a "market perform" rating for the company in a research report on Thursday, May 2nd. Hovde Group dropped their price target on Seacoast Banking Co. of Florida from $31.00 to $29.00 and set an "outperform" rating for the company in a research report on Monday, April 29th. Truist Financial dropped their price target on Seacoast Banking Co. of Florida from $27.00 to $25.00 and set a "hold" rating for the company in a research report on Monday, April 29th. Finally, Raymond James raised their price objective on shares of Seacoast Banking Co. of Florida from $23.00 to $27.50 and gave the stock an "outperform" rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Seacoast Banking Co. of Florida currently has a consensus rating of "Hold" and an average target price of $26.10.
Read Our Latest Stock Report on Seacoast Banking Co. of Florida
Seacoast Banking Co. of Florida Company Profile
(
Get Free Report)
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.
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