Noble Family Wealth LLC Trims Stock Holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Noble Family Wealth LLC lowered its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,227 shares of the financial services provider’s stock after selling 2,523 shares during the period. Noble Family Wealth LLC’s holdings in Seacoast Banking Co. of Florida were worth $334,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SBCF. Hantz Financial Services Inc. grew its position in Seacoast Banking Co. of Florida by 0.8% during the third quarter. Hantz Financial Services Inc. now owns 51,132 shares of the financial services provider’s stock worth $1,363,000 after buying an additional 383 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Seacoast Banking Co. of Florida by 73.4% during the third quarter. GAMMA Investing LLC now owns 973 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 412 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of Seacoast Banking Co. of Florida by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 74,241 shares of the financial services provider’s stock worth $1,755,000 after purchasing an additional 438 shares during the last quarter. Trust Point Inc. raised its stake in Seacoast Banking Co. of Florida by 2.8% in the third quarter. Trust Point Inc. now owns 22,903 shares of the financial services provider’s stock valued at $610,000 after purchasing an additional 617 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Seacoast Banking Co. of Florida by 1.3% during the third quarter. PNC Financial Services Group Inc. now owns 49,698 shares of the financial services provider’s stock valued at $1,324,000 after purchasing an additional 659 shares during the last quarter. 81.77% of the stock is owned by institutional investors.

Seacoast Banking Co. of Florida Trading Up 0.1 %

Shares of SBCF traded up $0.03 during trading hours on Monday, hitting $25.68. The company had a trading volume of 388,149 shares, compared to its average volume of 386,293. 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 quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average price is $28.65 and its 200 day moving average price is $27.18. The firm has a market cap of $2.19 billion, a P/E ratio of 18.61 and a beta of 1.09.

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 for the quarter, meeting the consensus estimate of $0.36. Seacoast Banking Co. of Florida had a return on equity of 5.44% and a net margin of 14.55%. The firm had revenue of $130.30 million during the quarter, compared to the consensus estimate of $129.20 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, research analysts predict that Seacoast Banking Co. of Florida will post 1.41 EPS for the current year.

Seacoast Banking Co. of Florida Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend was Friday, December 13th. Seacoast Banking Co. of Florida’s payout ratio is 52.17%.

Insider Activity

In related news, CEO Charles M. Shaffer sold 21,255 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $30.36, for a total value of $645,301.80. Following the completion of the transaction, the chief executive officer now directly owns 126,232 shares in the company, valued at $3,832,403.52. This trade represents a 14.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on SBCF shares. Truist Financial dropped their price objective on shares of Seacoast Banking Co. of Florida from $30.00 to $28.00 and set a “hold” rating for the company in a report on Monday, October 28th. Stephens increased their price objective on Seacoast Banking Co. of Florida from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.70.

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.