Curi RMB Capital LLC Buys 26,121 Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Curi RMB Capital LLC boosted its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 5.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 544,914 shares of the financial services provider’s stock after acquiring an additional 26,121 shares during the period. Curi RMB Capital LLC owned 0.64% of Seacoast Banking Co. of Florida worth $14,522,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its position in shares of Seacoast Banking Co. of Florida by 64.4% in the first quarter. BNP Paribas Financial Markets now owns 42,118 shares of the financial services provider’s stock worth $1,069,000 after purchasing an additional 16,493 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Seacoast Banking Co. of Florida by 6.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,127 shares of the financial services provider’s stock valued at $206,000 after buying an additional 460 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Seacoast Banking Co. of Florida during the 1st quarter worth approximately $263,000. Sei Investments Co. boosted its position in shares of Seacoast Banking Co. of Florida by 63.8% during the 1st quarter. Sei Investments Co. now owns 205,996 shares of the financial services provider’s stock worth $5,230,000 after acquiring an additional 80,220 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Seacoast Banking Co. of Florida by 23.9% in the first quarter. Russell Investments Group Ltd. now owns 465,273 shares of the financial services provider’s stock valued at $11,813,000 after acquiring an additional 89,744 shares during the last quarter. 81.77% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Seacoast Banking Co. of Florida news, CEO Charles M. Shaffer sold 21,255 shares of Seacoast Banking Co. of Florida stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $30.36, for a total value of $645,301.80. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial reduced their target price on 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. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $31.00 price objective on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, August 21st. Stephens upped their price target 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. Finally, Hovde Group downgraded Seacoast Banking Co. of Florida from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $29.00 to $31.00 in a report on Monday, July 29th. Three 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, Seacoast Banking Co. of Florida currently has an average rating of “Hold” and a consensus target price of $28.70.

Seacoast Banking Co. of Florida Trading Down 0.4 %

Shares of NASDAQ SBCF opened at $29.81 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.86. Seacoast Banking Co. of Florida has a 52-week low of $21.23 and a 52-week high of $30.78. The stock has a market cap of $2.55 billion, a P/E ratio of 21.60 and a beta of 1.07. The firm has a 50 day moving average price of $27.12 and a two-hundred day moving average price of $25.61.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. The company had revenue of $130.30 million during the quarter, compared to the consensus estimate of $129.20 million. Seacoast Banking Co. of Florida had a return on equity of 5.44% and a net margin of 14.55%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. As a group, equities analysts forecast that Seacoast Banking Co. of Florida will post 1.42 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 Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a yield of 2.42%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is currently 52.17%.

Seacoast Banking Co. of Florida Profile

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.