Segall Bryant & Hamill LLC Decreases Stake in Seacoast Banking Co. of Florida (SBCF)

Segall Bryant & Hamill LLC cut its holdings in Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 12.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 660,229 shares of the financial services provider’s stock after selling 94,390 shares during the period. Segall Bryant & Hamill LLC owned about 1.41% of Seacoast Banking Co. of Florida worth $17,476,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Seacoast Banking Co. of Florida by 8.4% in the 4th quarter. Bank of New York Mellon Corp now owns 935,155 shares of the financial services provider’s stock valued at $23,575,000 after buying an additional 72,813 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Seacoast Banking Co. of Florida by 179.6% in the 4th quarter. Two Sigma Investments LP now owns 80,525 shares of the financial services provider’s stock valued at $2,030,000 after buying an additional 51,727 shares during the period. RMB Capital Management LLC boosted its holdings in shares of Seacoast Banking Co. of Florida by 4.9% in the 1st quarter. RMB Capital Management LLC now owns 439,681 shares of the financial services provider’s stock valued at $11,638,000 after buying an additional 20,501 shares during the period. Swiss National Bank boosted its holdings in shares of Seacoast Banking Co. of Florida by 5.2% in the 4th quarter. Swiss National Bank now owns 62,200 shares of the financial services provider’s stock valued at $1,568,000 after buying an additional 3,100 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Seacoast Banking Co. of Florida by 35.9% in the 4th quarter. Wells Fargo & Company MN now owns 72,229 shares of the financial services provider’s stock valued at $1,821,000 after buying an additional 19,078 shares during the period. 82.86% of the stock is owned by institutional investors and hedge funds.

Seacoast Banking Co. of Florida stock opened at $32.54 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 25.42 and a beta of 0.68. Seacoast Banking Co. of Florida has a 52-week low of $20.58 and a 52-week high of $33.21.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last posted its earnings results on Thursday, April 26th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $62.10 million during the quarter, compared to analyst estimates of $61.60 million. Seacoast Banking Co. of Florida had a net margin of 19.83% and a return on equity of 10.05%. Seacoast Banking Co. of Florida’s revenue was up 29.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS. equities analysts forecast that Seacoast Banking Co. of Florida will post 1.74 EPS for the current fiscal year.

Several research analysts have recently commented on SBCF shares. Zacks Investment Research raised shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a report on Wednesday, March 28th. Raymond James lowered shares of Seacoast Banking Co. of Florida from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 29th. They noted that the move was a valuation call. BidaskClub raised shares of Seacoast Banking Co. of Florida from a “buy” rating to a “strong-buy” rating in a report on Friday, May 11th. ValuEngine raised shares of Seacoast Banking Co. of Florida from a “hold” rating to a “buy” rating in a report on Saturday, April 21st. Finally, Sandler O’Neill lowered shares of Seacoast Banking Co. of Florida from a “buy” rating to a “hold” rating in a report on Thursday, May 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $30.17.

In other Seacoast Banking Co. of Florida news, EVP Charles K. Jr. Cross sold 1,754 shares of the business’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $29.50, for a total transaction of $51,743.00. Following the completion of the transaction, the executive vice president now directly owns 16,681 shares of the company’s stock, valued at approximately $492,089.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roger Goldman sold 1,260 shares of the business’s stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $31.25, for a total transaction of $39,375.00. Following the transaction, the director now directly owns 12,815 shares of the company’s stock, valued at $400,468.75. The disclosure for this sale can be found here. Insiders have sold a total of 13,785 shares of company stock valued at $391,004 over the last three months. 3.00% of the stock is currently owned by company insiders.

Seacoast Banking Co. of Florida Profile

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to business and retail customers in Florida. It offers commercial and retail banking, wealth management, and mortgage services; automated teller machines; online and mobile banking services; and brokerage and annuity services.

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Institutional Ownership by Quarter for Seacoast Banking Co. of Florida (NASDAQ:SBCF)

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