Versor Investments LP Has $741,000 Stock Holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Versor Investments LP grew its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 83.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,900 shares of the financial services provider’s stock after purchasing an additional 12,200 shares during the quarter. Versor Investments LP’s holdings in Seacoast Banking Co. of Florida were worth $741,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in shares of Seacoast Banking Co. of Florida during the 4th quarter worth approximately $34,000. Venturi Wealth Management LLC acquired a new position in shares of Seacoast Banking Co. of Florida during the 4th quarter worth approximately $76,000. KBC Group NV increased its position in shares of Seacoast Banking Co. of Florida by 30.0% during the 3rd quarter. KBC Group NV now owns 3,326 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 768 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Seacoast Banking Co. of Florida during the 3rd quarter worth approximately $121,000. Finally, FMR LLC increased its position 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 worth $143,000 after purchasing an additional 1,960 shares during the last quarter. Institutional investors and hedge funds own 81.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on SBCF shares. Raymond James reaffirmed an “outperform” rating and set a $31.00 price target (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a research report on Wednesday, January 29th. StockNews.com raised Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Seacoast Banking Co. of Florida currently has an average rating of “Hold” and a consensus target price of $29.40.

Seacoast Banking Co. of Florida Stock Up 1.3 %

SBCF stock opened at $28.28 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $2.42 billion, a PE ratio of 19.78 and a beta of 1.08. Seacoast Banking Co. of Florida has a 1-year low of $21.90 and a 1-year high of $31.68. The business’s 50 day simple moving average is $27.79 and its 200 day simple moving average is $27.70.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.48 earnings per share for the quarter, topping 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%. As a group, research analysts anticipate that Seacoast Banking Co. of Florida will post 1.71 EPS 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. Investors of record on Friday, March 14th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 2.55%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is presently 50.35%.

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.