Seacoast Banking Corporation of Florida (NASDAQ:SBCF - Get Free Report) EVP Juliette Kleffel sold 14,831 shares of Seacoast Banking Corporation of Florida stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $34.31, for a total value of $508,851.61. Following the sale, the executive vice president directly owned 78,321 shares in the company, valued at $2,687,193.51. This trade represents a 15.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Seacoast Banking Corporation of Florida Stock Up 0.2%
NASDAQ SBCF opened at $34.37 on Friday. Seacoast Banking Corporation of Florida has a 12 month low of $28.58 and a 12 month high of $36.27. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.35. The stock has a market cap of $3.33 billion, a PE ratio of 21.89 and a beta of 0.85. The stock's 50 day moving average is $33.91 and its 200 day moving average is $32.14.
Seacoast Banking Corporation of Florida (NASDAQ:SBCF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The business had revenue of $209.99 million during the quarter, compared to analyst estimates of $209.84 million. Seacoast Banking Corporation of Florida had a net margin of 15.11% and a return on equity of 8.68%. Research analysts predict that Seacoast Banking Corporation of Florida will post 2.55 EPS for the current fiscal year.
Seacoast Banking Corporation of Florida Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.2%. Seacoast Banking Corporation of Florida's dividend payout ratio is currently 48.41%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on SBCF shares. Wall Street Zen upgraded shares of Seacoast Banking Corporation of Florida from a "sell" rating to a "hold" rating in a report on Tuesday, June 2nd. Piper Sandler increased their price objective on shares of Seacoast Banking Corporation of Florida from $34.00 to $35.50 and gave the company a "neutral" rating in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded Seacoast Banking Corporation of Florida from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $35.50.
Get Our Latest Report on Seacoast Banking Corporation of Florida
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd bought a new stake in Seacoast Banking Corporation of Florida during the fourth quarter worth approximately $26,000. Nykredit A S bought a new stake in shares of Seacoast Banking Corporation of Florida in the 2nd quarter valued at approximately $30,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Seacoast Banking Corporation of Florida in the 3rd quarter valued at approximately $33,000. Advisory Services Network LLC purchased a new position in shares of Seacoast Banking Corporation of Florida in the 3rd quarter worth approximately $45,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Seacoast Banking Corporation of Florida in the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 81.77% of the company's stock.
Seacoast Banking Corporation of Florida Company Profile
(
Get Free Report)
Seacoast Banking Corporation of Florida operates as a bank holding company through its principal subsidiary, Seacoast National Bank. Headquartered in Stuart, Florida, Seacoast National Bank provides a full range of commercial and retail banking services across the coastal region of Florida. Its network of branches serves customers from Martin County through Miami-Dade County, offering deposit accounts, lending solutions, cash management and payment services to individuals, small businesses and middle-market companies.
In addition to traditional banking, Seacoast offers specialized mortgage lending and wealth management services.
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