Toth Financial Advisory Corp Purchases 21,250 Shares of Seacoast Banking Corporation of Florida $SBCF

Toth Financial Advisory Corp lifted its position in shares of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) by 326.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,750 shares of the financial services provider’s stock after buying an additional 21,250 shares during the period. Toth Financial Advisory Corp’s holdings in Seacoast Banking Corporation of Florida were worth $872,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of Seacoast Banking Corporation of Florida by 41.5% in the first quarter. Royal Bank of Canada now owns 107,951 shares of the financial services provider’s stock valued at $2,777,000 after purchasing an additional 31,636 shares during the last quarter. AQR Capital Management LLC grew its position in Seacoast Banking Corporation of Florida by 123.4% in the first quarter. AQR Capital Management LLC now owns 82,889 shares of the financial services provider’s stock valued at $2,133,000 after purchasing an additional 45,792 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Seacoast Banking Corporation of Florida by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,255 shares of the financial services provider’s stock valued at $1,293,000 after purchasing an additional 2,187 shares in the last quarter. Jane Street Group LLC acquired a new stake in Seacoast Banking Corporation of Florida in the 1st quarter valued at $4,817,000. Finally, Cetera Investment Advisers increased its stake in Seacoast Banking Corporation of Florida by 4.2% in the 2nd quarter. Cetera Investment Advisers now owns 12,724 shares of the financial services provider’s stock valued at $351,000 after buying an additional 513 shares during the last quarter. Institutional investors and hedge funds own 81.77% of the company’s stock.

Seacoast Banking Corporation of Florida Stock Performance

Shares of Seacoast Banking Corporation of Florida stock opened at $30.47 on Friday. The company has a 50 day moving average of $31.91 and a 200-day moving average of $31.62. Seacoast Banking Corporation of Florida has a 1-year low of $21.36 and a 1-year high of $35.55. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.35. The company has a market cap of $2.98 billion, a PE ratio of 19.04 and a beta of 0.91.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last released 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 business had revenue of $204.80 million during the quarter, compared to the consensus estimate 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 revenue was up 53.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 EPS. As a group, equities research analysts forecast that Seacoast Banking Corporation of Florida will post 1.71 earnings per share for the current fiscal year.

Seacoast Banking Corporation of Florida Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, March 13th. Seacoast Banking Corporation of Florida’s dividend payout ratio is presently 47.50%.

Insiders Place Their Bets

In related news, Director Maryann Goebel sold 3,419 shares of Seacoast Banking Corporation of Florida stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $34.23, for a total transaction of $117,032.37. Following the sale, the director directly owned 6,000 shares in the company, valued at $205,380. This trade represents a 36.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph M. Forlenza sold 12,635 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $32.90, for a total transaction of $415,691.50. Following the sale, the executive vice president directly owned 42,392 shares in the company, valued at $1,394,696.80. The trade was a 22.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 29,752 shares of company stock worth $976,846. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Seacoast Banking Corporation of Florida from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, February 2nd. Zacks Research downgraded Seacoast Banking Corporation of Florida from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Weiss Ratings upgraded Seacoast Banking Corporation of Florida from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Seacoast Banking Corporation of Florida has a consensus rating of “Hold” and an average price target of $31.90.

About Seacoast Banking Corporation of Florida

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.