One Wealth Management Investment & Advisory Services LLC Decreases Stake in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

One Wealth Management Investment & Advisory Services LLC lowered its position in Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 8.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,432 shares of the financial services provider’s stock after selling 4,000 shares during the quarter. Seacoast Banking Co. of Florida makes up about 2.0% of One Wealth Management Investment & Advisory Services LLC’s holdings, making the stock its 11th biggest holding. One Wealth Management Investment & Advisory Services LLC’s holdings in Seacoast Banking Co. of Florida were worth $1,131,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in SBCF. Westwood Holdings Group Inc. lifted its stake in Seacoast Banking Co. of Florida by 15.3% in the first quarter. Westwood Holdings Group Inc. now owns 3,121,900 shares of the financial services provider’s stock worth $79,265,000 after acquiring an additional 414,037 shares during the last quarter. F M Investments LLC purchased a new position in Seacoast Banking Co. of Florida in the second quarter worth approximately $7,601,000. Vanguard Group Inc. raised its holdings in Seacoast Banking Co. of Florida by 4.2% during the first quarter. Vanguard Group Inc. now owns 6,285,087 shares of the financial services provider’s stock worth $159,578,000 after purchasing an additional 254,887 shares in the last quarter. abrdn plc raised its holdings in Seacoast Banking Co. of Florida by 10.9% during the third quarter. abrdn plc now owns 1,122,478 shares of the financial services provider’s stock worth $29,914,000 after purchasing an additional 110,582 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in Seacoast Banking Co. of Florida by 19.9% during the second quarter. First Eagle Investment Management LLC now owns 628,351 shares of the financial services provider’s stock worth $14,854,000 after purchasing an additional 104,400 shares in the last quarter. Hedge funds and other institutional investors own 81.77% of the company’s stock.

Analysts Set New Price Targets

SBCF has been the topic of a number of research analyst reports. Stephens raised their price objective on shares of Seacoast Banking Co. of Florida from $25.00 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Hovde Group cut shares of Seacoast Banking Co. of Florida from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $29.00 to $31.00 in a report on Monday, July 29th. Truist Financial cut their price objective 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, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $31.00 price objective on shares of Seacoast Banking Co. of Florida in a report on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $28.70.

Insider Buying and Selling at Seacoast Banking Co. of Florida

In other Seacoast Banking Co. of Florida 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 sale, the chief executive officer now directly owns 126,232 shares in the company, valued at approximately $3,832,403.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Seacoast Banking Co. of Florida Stock Performance

Shares of Seacoast Banking Co. of Florida stock opened at $29.81 on Thursday. The firm’s fifty day simple moving average is $27.12 and its 200-day simple moving average is $25.61. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 21.60 and a beta of 1.07. Seacoast Banking Co. of Florida has a 12 month low of $21.23 and a 12 month high of $30.78. 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 (NASDAQ:SBCF) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $130.30 million for the quarter, compared to analysts’ expectations of $129.20 million. Seacoast Banking Co. of Florida had a net margin of 14.55% and a return on equity of 5.44%. Seacoast Banking Co. of Florida’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. As a group, equities analysts forecast that Seacoast Banking Co. of Florida will post 1.42 earnings per share for the current year.

Seacoast Banking Co. of Florida Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.72 annualized dividend and a yield of 2.42%. Seacoast Banking Co. of Florida’s dividend payout ratio is currently 52.17%.

About Seacoast Banking Co. of Florida

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.