James C. Stallings III Sells 3,855 Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) Stock

Seacoast Banking Co. of Florida (NASDAQ:SBCF) EVP James C. Stallings III sold 3,855 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $24.44, for a total transaction of $94,216.20. Following the completion of the transaction, the executive vice president now directly owns 3,961 shares in the company, valued at $96,806.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Seacoast Banking Co. of Florida Price Performance

Seacoast Banking Co. of Florida stock opened at $24.23 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.85 and a quick ratio of 0.85. Seacoast Banking Co. of Florida has a one year low of $18.52 and a one year high of $29.98. The firm has a market capitalization of $2.06 billion, a P/E ratio of 17.31 and a beta of 1.17. The business has a fifty day moving average price of $23.97 and a 200-day moving average price of $24.59.

Seacoast Banking Co. of Florida Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.18 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.97%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is currently 51.43%.

Institutional Trading of Seacoast Banking Co. of Florida

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Seacoast Banking Co. of Florida by 1.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 192,112 shares of the financial services provider’s stock worth $4,219,000 after purchasing an additional 3,579 shares during the period. Brown Advisory Inc. grew its holdings in shares of Seacoast Banking Co. of Florida by 5.9% during the third quarter. Brown Advisory Inc. now owns 375,428 shares of the financial services provider’s stock worth $8,244,000 after purchasing an additional 20,971 shares in the last quarter. Advisor Partners II LLC raised its stake in Seacoast Banking Co. of Florida by 29.7% in the third quarter. Advisor Partners II LLC now owns 29,865 shares of the financial services provider’s stock valued at $656,000 after purchasing an additional 6,837 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Seacoast Banking Co. of Florida by 39.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,827 shares of the financial services provider’s stock worth $40,000 after buying an additional 520 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Seacoast Banking Co. of Florida by 28.1% in the 3rd quarter. Victory Capital Management Inc. now owns 29,677 shares of the financial services provider’s stock worth $652,000 after buying an additional 6,508 shares during the last quarter. Institutional investors own 81.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SBCF shares. Raymond James upped their price target on Seacoast Banking Co. of Florida from $23.00 to $27.50 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Keefe, Bruyette & Woods dropped their price target on shares of Seacoast Banking Co. of Florida from $28.00 to $26.00 and set a “market perform” rating on the stock in a research report on Thursday, May 2nd. Hovde Group reduced their price objective on shares of Seacoast Banking Co. of Florida from $31.00 to $29.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Finally, Truist Financial decreased their price objective on shares of Seacoast Banking Co. of Florida from $27.00 to $25.00 and set a “hold” rating for the company in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.10.

About Seacoast Banking Co. of Florida

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides integrated financial services to retail and commercial customers in Florida. The company offers noninterest and interest-bearing demand deposit, money market, savings, and customer sweep accounts; time certificates of deposit; construction and land development, commercial and residential real estate, and commercial and financial loans; and consumer loans, including installment loans and revolving lines, as well as loans for automobiles, boats, and personal and family purposes.