Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Stake Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in shares of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) by 17.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,309,019 shares of the financial services provider’s stock after buying an additional 191,182 shares during the period. Dimensional Fund Advisors LP owned about 3.37% of Seacoast Banking Corporation of Florida worth $31,391,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP purchased a new stake in shares of Seacoast Banking Corporation of Florida during the first quarter valued at approximately $37,908,000. Vanguard Group Inc. boosted its stake in shares of Seacoast Banking Corporation of Florida by 37.6% in the first quarter. Vanguard Group Inc. now owns 1,527,831 shares of the financial services provider’s stock worth $36,637,000 after buying an additional 417,334 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Seacoast Banking Corporation of Florida by 22.6% in the first quarter. Bank of New York Mellon Corp now owns 952,602 shares of the financial services provider’s stock worth $22,844,000 after buying an additional 175,376 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of Seacoast Banking Corporation of Florida during the first quarter worth about $17,287,000. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of Seacoast Banking Corporation of Florida by 34.1% in the first quarter. Segall Bryant & Hamill LLC now owns 545,276 shares of the financial services provider’s stock worth $13,076,000 after buying an additional 138,759 shares during the last quarter. 74.02% of the stock is currently owned by institutional investors.

Shares of Seacoast Banking Corporation of Florida (NASDAQ SBCF) opened at 22.40 on Friday. The stock’s 50 day moving average price is $23.68 and its 200 day moving average price is $23.65. Seacoast Banking Corporation of Florida has a one year low of $15.85 and a one year high of $25.88. The company has a market cap of $959.64 million, a PE ratio of 24.92 and a beta of 0.77.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.29 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The business had revenue of $54.60 million for the quarter, compared to analysts’ expectations of $53.90 million. Seacoast Banking Corporation of Florida had a return on equity of 9.20% and a net margin of 17.09%. The business’s revenue was up 25.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS. Equities analysts predict that Seacoast Banking Corporation of Florida will post $1.23 earnings per share for the current fiscal year.

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A number of brokerages have issued reports on SBCF. Zacks Investment Research cut Seacoast Banking Corporation of Florida from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. BidaskClub upgraded Seacoast Banking Corporation of Florida from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, FIG Partners upgraded Seacoast Banking Corporation of Florida from a “market-perform” rating to an “outperform” rating in a report on Friday, May 19th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Seacoast Banking Corporation of Florida has a consensus rating of “Buy” and a consensus price target of $22.60.

In other Seacoast Banking Corporation of Florida news, Director Roger Goldman sold 3,000 shares of Seacoast Banking Corporation of Florida stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $22.55, for a total transaction of $67,650.00. Following the sale, the director now directly owns 20,072 shares of the company’s stock, valued at approximately $452,623.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

About Seacoast Banking Corporation of Florida

Seacoast Banking Corporation of Florida is a bank holding company. The Company’s principal subsidiary is Seacoast National Bank, a national banking association (the Bank). The Company and its subsidiaries offer an array of deposit accounts and retail banking services, engage in consumer and commercial lending and provide a range of trust and asset management services, as well as securities and annuity products to its customers.

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

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