Chatham Capital Group Inc. Has $2 Million Holdings in Seacoast Banking Co. of Florida (SBCF)

Chatham Capital Group Inc. raised its holdings in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,736 shares of the financial services provider’s stock after acquiring an additional 6,860 shares during the quarter. Chatham Capital Group Inc.’s holdings in Seacoast Banking Co. of Florida were worth $1,997,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of SBCF. Victory Capital Management Inc. grew its holdings in Seacoast Banking Co. of Florida by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 17,306 shares of the financial services provider’s stock worth $450,000 after purchasing an additional 674 shares during the period. Capital Investment Advisory Services LLC purchased a new stake in Seacoast Banking Co. of Florida in the fourth quarter worth about $41,000. Pinnacle Financial Partners Inc. purchased a new stake in Seacoast Banking Co. of Florida in the fourth quarter worth about $727,000. LS Investment Advisors LLC grew its holdings in Seacoast Banking Co. of Florida by 153.4% in the fourth quarter. LS Investment Advisors LLC now owns 3,510 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 2,125 shares during the period. Finally, Creative Planning purchased a new stake in Seacoast Banking Co. of Florida in the fourth quarter worth about $783,000. 87.12% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:SBCF opened at $28.99 on Wednesday. Seacoast Banking Co. of Florida has a 52 week low of $21.74 and a 52 week high of $34.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $1.34 billion, a PE ratio of 17.90 and a beta of 0.69.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last issued its earnings results on Thursday, January 24th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.03. Seacoast Banking Co. of Florida had a net margin of 23.08% and a return on equity of 10.49%. The company had revenue of $72.70 million for the quarter, compared to analysts’ expectations of $72.01 million. During the same quarter last year, the company posted $0.37 earnings per share. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities analysts predict that Seacoast Banking Co. of Florida will post 1.98 earnings per share for the current fiscal year.

In other Seacoast Banking Co. of Florida news, EVP Charles M. Shaffer sold 4,414 shares of the stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $27.50, for a total value of $121,385.00. Following the transaction, the executive vice president now directly owns 14,881 shares in the company, valued at $409,227.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charles K. Jr. Cross sold 4,812 shares of the stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $28.31, for a total transaction of $136,227.72. Following the completion of the transaction, the executive vice president now owns 17,287 shares in the company, valued at $489,394.97. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

A number of equities research analysts have weighed in on SBCF shares. Raymond James upgraded shares of Seacoast Banking Co. of Florida from a “market perform” rating to an “outperform” rating in a report on Thursday, November 15th. BidaskClub cut shares of Seacoast Banking Co. of Florida from a “hold” rating to a “sell” rating in a report on Friday, December 21st. Hovde Group cut shares of Seacoast Banking Co. of Florida from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 2nd. FIG Partners cut shares of Seacoast Banking Co. of Florida from an “outperform” rating to a “market perform” rating in a report on Friday, January 25th. Finally, Zacks Investment Research cut shares of Seacoast Banking Co. of Florida from a “hold” rating to a “sell” rating in a report on Friday, January 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $33.75.

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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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