First National Bank of Omaha Takes $694,000 Position in Seacoast Banking Corporation of Florida $SBCF

First National Bank of Omaha bought a new stake in shares of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,795 shares of the financial services provider’s stock, valued at approximately $694,000.

Other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in shares of Seacoast Banking Corporation of Florida by 69.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 857 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 352 shares during the period. Smartleaf Asset Management LLC raised its holdings in Seacoast Banking Corporation of Florida by 41.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,642 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 478 shares in the last quarter. Caldwell Trust Co acquired a new stake in Seacoast Banking Corporation of Florida in the second quarter worth approximately $51,000. Assetmark Inc. boosted its stake in Seacoast Banking Corporation of Florida by 24.0% during the 2nd quarter. Assetmark Inc. now owns 1,940 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 375 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Seacoast Banking Corporation of Florida by 28.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,059 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 452 shares during the period. Institutional investors and hedge funds own 81.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Seacoast Banking Corporation of Florida in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods increased their price objective on Seacoast Banking Corporation of Florida from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Piper Sandler restated a “neutral” rating and issued a $33.50 target price on shares of Seacoast Banking Corporation of Florida in a report on Monday, November 3rd. Finally, Zacks Research lowered Seacoast Banking Corporation of Florida from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.90.

Insider Buying and Selling at Seacoast Banking Corporation of Florida

In related news, Director Dennis J. Arczynski sold 3,419 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $34.21, for a total transaction of $116,963.99. Following the completion of the transaction, the director owned 1,000 shares in the company, valued at $34,210. This trade represents a 77.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph B. Shearouse III purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average price of $33.19 per share, for a total transaction of $132,760.00. Following the completion of the transaction, the director owned 35,500 shares in the company, valued at $1,178,245. The trade was a 12.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 9,117 shares of company stock valued at $310,434 over the last quarter. 1.60% of the stock is currently owned by insiders.

Seacoast Banking Corporation of Florida Price Performance

NASDAQ SBCF opened at $33.49 on Friday. Seacoast Banking Corporation of Florida has a fifty-two week low of $21.36 and a fifty-two week high of $35.55. The stock’s 50-day moving average is $33.09 and its two-hundred day moving average is $31.43. The firm has a market cap of $3.28 billion, a P/E ratio of 20.93 and a beta of 0.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.77 and a quick ratio of 0.77.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last posted its earnings results on Thursday, January 29th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). The firm had revenue of $204.80 million during the quarter, compared to analyst estimates of $201.25 million. Seacoast Banking Corporation of Florida had a net margin of 15.47% and a return on equity of 7.07%. The business’s quarterly revenue was up 53.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 earnings per share. On average, analysts anticipate that Seacoast Banking Corporation of Florida will post 1.71 earnings per share for the current fiscal year.

Seacoast Banking Corporation of Florida Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.19 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. Seacoast Banking Corporation of Florida’s dividend payout ratio is currently 47.50%.

Seacoast Banking Corporation of Florida Profile

Seacoast Banking Corporation of Florida operates as a bank holding company through its principal subsidiary, Seacoast National Bank. Headquartered in Stuart, Florida, Seacoast National Bank provides a full range of commercial and retail banking services across the coastal region of Florida. Its network of branches serves customers from Martin County through Miami-Dade County, offering deposit accounts, lending solutions, cash management and payment services to individuals, small businesses and middle-market companies.

In addition to traditional banking, Seacoast offers specialized mortgage lending and wealth management services.