One Wealth Management Investment & Advisory Services LLC Has $1.04 Million Holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF)

One Wealth Management Investment & Advisory Services LLC cut its position in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,863 shares of the financial services provider’s stock after selling 4,569 shares during the period. Seacoast Banking Co. of Florida comprises about 1.7% of One Wealth Management Investment & Advisory Services LLC’s investment portfolio, making the stock its 12th largest position. One Wealth Management Investment & Advisory Services LLC’s holdings in Seacoast Banking Co. of Florida were worth $1,042,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Janney Montgomery Scott LLC raised its position in Seacoast Banking Co. of Florida by 24.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 9,816 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 1,930 shares in the last quarter. ZWJ Investment Counsel Inc. acquired a new position in shares of Seacoast Banking Co. of Florida in the 4th quarter worth approximately $203,000. Neville Rodie & Shaw Inc. acquired a new position in shares of Seacoast Banking Co. of Florida in the 4th quarter worth approximately $206,000. Synovus Financial Corp lifted its position in shares of Seacoast Banking Co. of Florida by 7.9% during the 3rd quarter. Synovus Financial Corp now owns 32,696 shares of the financial services provider’s stock worth $871,000 after buying an additional 2,396 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in Seacoast Banking Co. of Florida in the 3rd quarter valued at $459,000. 81.77% of the stock is currently owned by institutional investors and hedge funds.

Seacoast Banking Co. of Florida Trading Down 0.1 %

Shares of SBCF opened at $26.73 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 19.37 and a beta of 1.09. The stock has a fifty day moving average price of $28.28 and a two-hundred day moving average price of $27.35. Seacoast Banking Co. of Florida has a 52-week low of $21.90 and a 52-week high of $31.68.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The business had revenue of $130.30 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 earnings per share. Analysts predict that Seacoast Banking Co. of Florida will post 1.39 EPS for the current fiscal year.

Seacoast Banking Co. of Florida Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Friday, December 13th. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is presently 52.17%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SBCF shares. Truist Financial dropped their price objective on Seacoast Banking Co. of Florida from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Stephens increased their target price on shares of Seacoast Banking Co. of Florida from $25.00 to $26.00 and gave the stock 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. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $28.70.

Insider Buying and Selling

In other Seacoast Banking Co. of Florida news, CEO Charles M. Shaffer sold 21,255 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $30.36, for a total transaction of $645,301.80. Following the transaction, the chief executive officer now directly owns 126,232 shares in the company, valued at approximately $3,832,403.52. This represents a 14.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Seacoast Banking Co. of Florida Company 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.