Omnia Family Wealth LLC Acquires Shares of 13,539 Seacoast Banking Co. of Florida (NASDAQ:SBCF)

Omnia Family Wealth LLC bought a new position in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) in the fourth quarter, HoldingsChannel reports. The firm bought 13,539 shares of the financial services provider’s stock, valued at approximately $385,000.

Other large investors have also modified their holdings of the company. First Horizon Advisors Inc. grew its holdings in shares of Seacoast Banking Co. of Florida by 39.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,827 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 520 shares during the period. Diversified Trust Co grew its holdings in shares of Seacoast Banking Co. of Florida by 5.8% in the 4th quarter. Diversified Trust Co now owns 13,154 shares of the financial services provider’s stock worth $374,000 after acquiring an additional 718 shares during the period. Federated Hermes Inc. grew its holdings in shares of Seacoast Banking Co. of Florida by 1.0% in the 3rd quarter. Federated Hermes Inc. now owns 81,672 shares of the financial services provider’s stock worth $1,794,000 after acquiring an additional 820 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Seacoast Banking Co. of Florida in the 4th quarter worth approximately $25,000. Finally, Mariner LLC grew its holdings in shares of Seacoast Banking Co. of Florida by 6.3% in the 3rd quarter. Mariner LLC now owns 20,637 shares of the financial services provider’s stock worth $453,000 after acquiring an additional 1,227 shares during the period. 81.77% of the stock is owned by hedge funds and other institutional investors.

Seacoast Banking Co. of Florida Trading Down 1.1 %

SBCF stock traded down $0.26 during midday trading on Friday, hitting $23.38. The stock had a trading volume of 547,139 shares, compared to its average volume of 409,971. The firm has a market cap of $1.99 billion, a PE ratio of 16.70 and a beta of 1.16. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.85 and a quick ratio of 0.85. Seacoast Banking Co. of Florida has a 12-month low of $17.93 and a 12-month high of $29.98. The company’s 50-day moving average price is $24.02 and its 200 day moving average price is $24.41.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.05). Seacoast Banking Co. of Florida had a net margin of 15.08% and a return on equity of 5.71%. The company had revenue of $128.16 million for the quarter, compared to analysts’ expectations of $135.33 million. On average, equities research analysts predict that Seacoast Banking Co. of Florida will post 1.47 earnings per share for the current fiscal year.

Seacoast Banking Co. of Florida Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.18 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.72 annualized dividend and a dividend yield of 3.08%. Seacoast Banking Co. of Florida’s dividend payout ratio is presently 51.43%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Raymond James upped their price target on Seacoast Banking Co. of Florida from $23.00 to $27.50 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Truist Financial cut their target price on shares of Seacoast Banking Co. of Florida from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Monday, April 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Seacoast Banking Co. of Florida presently has an average rating of “Hold” and an average price target of $25.63.

About Seacoast Banking Co. of Florida

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.