Inceptionr LLC Takes Position in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Inceptionr LLC bought a new stake in Seacoast Banking Co. of Florida (NASDAQ:SBCF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,265 shares of the financial services provider’s stock, valued at approximately $200,000.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its holdings in shares of Seacoast Banking Co. of Florida by 154.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,120 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 679 shares during the period. Kestra Investment Management LLC acquired a new position in Seacoast Banking Co. of Florida in the fourth quarter worth approximately $34,000. Venturi Wealth Management LLC acquired a new position in Seacoast Banking Co. of Florida in the fourth quarter worth approximately $76,000. KBC Group NV increased its holdings 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 worth $89,000 after buying an additional 768 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Seacoast Banking Co. of Florida in the third quarter worth approximately $121,000. Institutional investors and hedge funds own 81.77% of the company’s stock.

Seacoast Banking Co. of Florida Trading Down 3.3 %

Shares of SBCF stock opened at $25.41 on Tuesday. Seacoast Banking Co. of Florida has a 12 month low of $21.90 and a 12 month high of $31.68. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $27.74 and its two-hundred day moving average is $27.79. The company has a market cap of $2.18 billion, a PE ratio of 17.77 and a beta of 1.09.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.33 by $0.15. Seacoast Banking Co. of Florida had a return on equity of 5.91% and a net margin of 14.95%. Equities analysts predict that Seacoast Banking Co. of Florida will post 1.71 EPS for the current year.

Seacoast Banking Co. of Florida Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 2.83%. Seacoast Banking Co. of Florida’s dividend payout ratio is 50.35%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SBCF shares. StockNews.com upgraded Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Raymond James restated an “outperform” rating and issued a $31.00 price objective (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. Finally, Stephens increased their price objective on Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $30.00.

Seacoast Banking Co. of Florida 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.