Pitcairn Co. Has $371,000 Holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Pitcairn Co. boosted its holdings in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 25.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,484 shares of the financial services provider’s stock after acquiring an additional 2,705 shares during the period. Pitcairn Co.’s holdings in Seacoast Banking Co. of Florida were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Seacoast Banking Co. of Florida by 154.0% during 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 in the last quarter. Kestra Investment Management LLC acquired a new stake in Seacoast Banking Co. of Florida during the 4th quarter worth approximately $34,000. Venturi Wealth Management LLC bought a new position in Seacoast Banking Co. of Florida in the fourth quarter valued at approximately $76,000. KBC Group NV lifted its stake in Seacoast Banking Co. of Florida by 33.7% in the fourth quarter. KBC Group NV now owns 4,447 shares of the financial services provider’s stock valued at $122,000 after buying an additional 1,121 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Seacoast Banking Co. of Florida by 57.3% in the third quarter. FMR LLC now owns 5,382 shares of the financial services provider’s stock valued at $143,000 after buying an additional 1,960 shares during the period. 81.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com lowered shares of Seacoast Banking Co. of Florida from a “hold” rating to a “sell” rating in a report on Thursday. Stephens increased their target price 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. Finally, Raymond James restated an “outperform” rating and issued a $31.00 price target (up from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Seacoast Banking Co. of Florida currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Seacoast Banking Co. of Florida Stock Down 3.8 %

Seacoast Banking Co. of Florida stock opened at $22.69 on Friday. The company has a fifty day simple moving average of $27.29 and a 200 day simple moving average of $27.60. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. Seacoast Banking Co. of Florida has a 1-year low of $21.90 and a 1-year high of $31.68. The company has a market cap of $1.94 billion, a P/E ratio of 15.87 and a beta of 1.09.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last released its earnings results on Monday, January 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Research analysts anticipate that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current fiscal year.

Seacoast Banking Co. of Florida Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Friday, March 14th. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is 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.