Deutsche Bank AG Has $2.94 Million Holdings in Seacoast Banking Corporation of Florida $SBCF

Deutsche Bank AG lifted its position in shares of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) by 54.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,082 shares of the financial services provider’s stock after purchasing an additional 40,330 shares during the quarter. Deutsche Bank AG owned approximately 0.13% of Seacoast Banking Corporation of Florida worth $2,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Seacoast Banking Corporation of Florida by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 422,306 shares of the financial services provider’s stock worth $10,866,000 after purchasing an additional 11,674 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Seacoast Banking Corporation of Florida by 38.0% during the 1st quarter. GAMMA Investing LLC now owns 1,670 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 460 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Seacoast Banking Corporation of Florida by 17.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 175,497 shares of the financial services provider’s stock worth $4,831,000 after buying an additional 26,631 shares during the period. Orca Wealth Management LLC bought a new position in shares of Seacoast Banking Corporation of Florida during the 1st quarter worth approximately $445,000. Finally, SG Americas Securities LLC bought a new position in shares of Seacoast Banking Corporation of Florida during the 1st quarter worth approximately $471,000. Institutional investors and hedge funds own 81.77% of the company’s stock.

Seacoast Banking Corporation of Florida Stock Up 1.6%

NASDAQ SBCF opened at $29.41 on Wednesday. The stock has a fifty day moving average of $27.92 and a 200-day moving average of $26.47. The stock has a market capitalization of $2.58 billion, a P/E ratio of 18.04 and a beta of 0.98. Seacoast Banking Corporation of Florida has a 52 week low of $21.36 and a 52 week high of $31.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.85 and a current ratio of 0.85.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.42 by $0.10. The company had revenue of $151.40 million during the quarter, compared to analysts’ expectations of $146.08 million. Seacoast Banking Corporation of Florida had a return on equity of 6.65% and a net margin of 16.63%.During the same period last year, the firm earned $0.36 EPS. On average, equities research analysts forecast that Seacoast Banking Corporation of Florida will post 1.71 EPS for the current year.

Seacoast Banking Corporation of Florida Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, September 15th. Seacoast Banking Corporation of Florida’s dividend payout ratio (DPR) is 44.17%.

Wall Street Analyst Weigh In

SBCF has been the subject of several analyst reports. Hovde Group raised their target price on Seacoast Banking Corporation of Florida from $27.00 to $29.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 4th. Stephens cut their target price on Seacoast Banking Corporation of Florida from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Wall Street Zen upgraded Seacoast Banking Corporation of Florida from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Keefe, Bruyette & Woods raised their target price on Seacoast Banking Corporation of Florida from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Seacoast Banking Corporation of Florida presently has a consensus rating of “Hold” and an average price target of $29.40.

Seacoast Banking Corporation 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.