Trust Point Inc. Has $339,000 Stake in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Trust Point Inc. trimmed its position in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 46.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,303 shares of the financial services provider’s stock after selling 10,600 shares during the period. Trust Point Inc.’s holdings in Seacoast Banking Co. of Florida were worth $339,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SBCF. 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 in the last quarter. KBC Group NV grew its stake in Seacoast Banking Co. of Florida by 30.0% during the third quarter. KBC Group NV now owns 3,326 shares of the financial services provider’s stock worth $89,000 after buying an additional 768 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Seacoast Banking Co. of Florida in the 3rd quarter valued at approximately $121,000. FMR LLC grew its holdings 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 purchasing an additional 1,960 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Seacoast Banking Co. of Florida during the 3rd quarter valued at approximately $178,000. 81.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Raymond James reaffirmed an “outperform” rating and set a $31.00 price target (up from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. StockNews.com raised shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Truist Financial decreased their price target on shares of Seacoast Banking Co. of Florida from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Finally, Stephens lifted their price target on shares of Seacoast Banking Co. of Florida from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Seacoast Banking Co. of Florida currently has an average rating of “Hold” and an average price target of $29.40.

Insider Transactions at Seacoast Banking Co. of Florida

In other news, CEO Charles M. Shaffer sold 21,255 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $30.36, for a total value of $645,301.80. Following the transaction, the chief executive officer now owns 126,232 shares in the company, valued at approximately $3,832,403.52. The trade was a 14.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

Seacoast Banking Co. of Florida Stock Up 2.1 %

NASDAQ:SBCF opened at $29.16 on Thursday. The firm’s 50 day simple moving average is $27.89 and its 200 day simple moving average is $27.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.85 and a quick ratio of 0.85. Seacoast Banking Co. of Florida has a one year low of $21.90 and a one year high of $31.68. The company has a market cap of $2.49 billion, a PE ratio of 20.39 and a beta of 1.08.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.48 EPS for the quarter, topping the consensus estimate 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, research analysts anticipate that Seacoast Banking Co. of Florida will post 1.62 earnings per share for the current 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 given a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.47%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) 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.