Comerica Financial institution diminished its place in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF – Get Score) by 8.7% within the third quarter, in accordance with its most up-to-date Type 13F submitting with the Securities and Alternate Fee (SEC). The agency owned 54,900 shares of the monetary companies supplier’s inventory after promoting 5,225 shares in the course of the interval. Comerica Financial institution owned about 0.09% of Seacoast Banking Co. of Florida value $1,672,000 on the finish of the newest quarter.
Different institutional buyers and hedge funds additionally just lately modified their holdings of the corporate. First Horizon Advisors Inc. acquired a brand new place in shares of Seacoast Banking Co. of Florida in the course of the second quarter value about $45,000. FMR LLC boosted its place in shares of Seacoast Banking Co. of Florida by 24.8% in the course of the second quarter. FMR LLC now owns 1,659 shares of the monetary companies supplier’s inventory value $55,000 after shopping for an extra 330 shares in the course of the interval. Fairfield Bush & CO. acquired a brand new place in Seacoast Banking Co. of Florida in the course of the first quarter valued at roughly $60,000. Allspring International Investments Holdings LLC boosted its place in Seacoast Banking Co. of Florida by 72.7% in the course of the third quarter. Allspring International Investments Holdings LLC now owns 2,107 shares of the monetary companies supplier’s inventory valued at $63,000 after buying an extra 887 shares over the last quarter. Lastly, Godsey & Gibb Associates acquired a brand new place in Seacoast Banking Co. of Florida in the course of the second quarter valued at roughly $66,000. 86.92% of the inventory is owned by institutional buyers and hedge funds.
Wall Road Analyst Weigh In
A number of brokerages just lately commented on SBCF. Hovde Group diminished their worth goal on Seacoast Banking Co. of Florida to $34.00 in a analysis report on Friday, November 4th. StockNews.com minimize Seacoast Banking Co. of Florida from a “maintain” score to a “promote” score in a analysis report on Monday, October thirty first.
Seacoast Banking Co. of Florida Worth Efficiency
NASDAQ:SBCF opened at $31.92 on Friday. The corporate has a fast ratio of 0.77, a present ratio of 0.77 and a debt-to-equity ratio of 0.06. The inventory’s 50 day shifting common worth is $32.27 and its two-hundred day shifting common worth is $32.51. The agency has a market capitalization of $1.96 billion, a price-to-earnings ratio of 16.37 and a beta of 1.09. Seacoast Banking Co. of Florida has a 12-month low of $29.05 and a 12-month excessive of $38.74.
Seacoast Banking Co. of Florida (NASDAQ:SBCF – Get Score) final launched its quarterly earnings knowledge on Thursday, October twenty seventh. The monetary companies supplier reported $0.47 earnings per share (EPS) for the quarter, lacking the consensus estimate of $0.61 by ($0.14). The enterprise had income of $104.39 million in the course of the quarter, in comparison with the consensus estimate of $105.57 million. Seacoast Banking Co. of Florida had a web margin of 30.14% and a return on fairness of 9.80%. On common, analysts anticipate that Seacoast Banking Co. of Florida will put up 1.47 earnings per share for the present yr.
Seacoast Banking Co. of Florida Declares Dividend
The corporate additionally just lately introduced a quarterly dividend, which will probably be paid on Friday, March thirty first. Stockholders of document on Wednesday, March fifteenth will probably be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $0.68 dividend on an annualized foundation and a dividend yield of two.13%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is at present 34.87%.
About Seacoast Banking Co. of Florida
(Get Score)
Seacoast Banking Company of Florida operates because the financial institution holding firm for Seacoast Nationwide Financial institution that gives monetary companies to retail and business prospects in Florida. It affords business and retail banking, wealth administration, and mortgage companies; and brokerage and annuity companies.
Additional Studying
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