Segall Bryant & Hamill LLC Has $51.16 Million Stock Holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Segall Bryant & Hamill LLC boosted its holdings in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,858,183 shares of the financial services provider’s stock after buying an additional 11,765 shares during the period. Seacoast Banking Co. of Florida makes up about 0.7% of Segall Bryant & Hamill LLC’s holdings, making the stock its 19th biggest position. Segall Bryant & Hamill LLC owned approximately 2.17% of Seacoast Banking Co. of Florida worth $51,156,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in Seacoast Banking Co. of Florida by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 4,170,515 shares of the financial services provider’s stock valued at $111,144,000 after acquiring an additional 305,843 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Seacoast Banking Co. of Florida during the fourth quarter valued at approximately $6,850,000. Tributary Capital Management LLC increased its stake in Seacoast Banking Co. of Florida by 44.4% in the 4th quarter. Tributary Capital Management LLC now owns 654,854 shares of the financial services provider’s stock valued at $18,028,000 after buying an additional 201,494 shares during the period. Barclays PLC lifted its position in Seacoast Banking Co. of Florida by 112.0% in the 3rd quarter. Barclays PLC now owns 178,355 shares of the financial services provider’s stock worth $4,754,000 after buying an additional 94,242 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Seacoast Banking Co. of Florida by 7.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 849,811 shares of the financial services provider’s stock valued at $22,647,000 after buying an additional 56,897 shares during the period. 81.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SBCF has been the subject of several recent research reports. 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. StockNews.com upgraded Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, 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. Four 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.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.00.

Seacoast Banking Co. of Florida Stock Performance

Shares of NASDAQ SBCF opened at $26.63 on Tuesday. The business’s 50-day simple moving average is $27.57 and its 200-day simple moving average is $27.70. Seacoast Banking Co. of Florida has a 52 week low of $21.90 and a 52 week high of $31.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 18.62 and a beta of 1.09.

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

Seacoast Banking Co. of Florida Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Friday, March 14th. Seacoast Banking Co. of Florida’s dividend payout ratio is 50.35%.

About Seacoast Banking Co. of Florida

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.