Public Employees Retirement System of Ohio Buys 998 Shares of Seacoast Banking Corporation of Florida $SBCF

Public Employees Retirement System of Ohio raised its holdings in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,818 shares of the financial services provider’s stock after buying an additional 998 shares during the period. Public Employees Retirement System of Ohio owned about 0.11% of Seacoast Banking Corporation of Florida worth $2,591,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in shares of Seacoast Banking Corporation of Florida by 2.8% in the first quarter. Principal Financial Group Inc. now owns 422,306 shares of the financial services provider’s stock valued at $10,866,000 after buying an additional 11,674 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Seacoast Banking Corporation of Florida by 38.0% in the first quarter. GAMMA Investing LLC now owns 1,670 shares of the financial services provider’s stock valued at $43,000 after buying an additional 460 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Seacoast Banking Corporation of Florida by 17.9% in the fourth 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 valued at $4,831,000 after buying an additional 26,631 shares in the last quarter. Orca Wealth Management LLC bought a new position in shares of Seacoast Banking Corporation of Florida in the first quarter valued at $445,000. Finally, SG Americas Securities LLC bought a new position in shares of Seacoast Banking Corporation of Florida in the first quarter valued at $471,000. 81.77% of the stock is owned by institutional investors.

Seacoast Banking Corporation of Florida Stock Performance

NASDAQ SBCF opened at $30.50 on Thursday. Seacoast Banking Corporation of Florida has a 52-week low of $21.36 and a 52-week high of $32.09. The company has a 50-day simple moving average of $29.87 and a 200 day simple moving average of $27.08. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $2.68 billion, a PE ratio of 18.71 and a beta of 0.94.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. Seacoast Banking Corporation of Florida had a net margin of 16.63% and a return on equity of 6.65%. The business had revenue of $151.40 million during the quarter, compared to the consensus estimate of $146.08 million. During the same quarter last year, the company posted $0.36 earnings per share. On average, research analysts predict that Seacoast Banking Corporation of Florida will post 1.71 EPS for the current year.

Seacoast Banking Corporation of Florida Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, September 15th. Seacoast Banking Corporation of Florida’s dividend payout ratio (DPR) is currently 44.17%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Seacoast Banking Corporation of Florida from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Wall Street Zen upgraded shares of Seacoast Banking Corporation of Florida from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Zacks Research upgraded shares of Seacoast Banking Corporation of Florida from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 21st. Finally, Hovde Group increased their target price on shares of Seacoast Banking Corporation of Florida from $27.00 to $29.00 and gave the company a “market perform” rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $29.40.

About Seacoast Banking Corporation of Florida

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.