Emerald Mutual Fund Advisers Trust Invests $129,000 in Seacoast Banking Corporation of Florida $SBCF

Emerald Mutual Fund Advisers Trust bought a new stake in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,680 shares of the financial services provider’s stock, valued at approximately $129,000.

Several other institutional investors have also recently bought and sold shares of SBCF. Westwood Holdings Group Inc. increased its stake in Seacoast Banking Corporation of Florida by 27.7% in the first quarter. Westwood Holdings Group Inc. now owns 2,869,563 shares of the financial services provider’s stock valued at $73,834,000 after purchasing an additional 622,709 shares in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in Seacoast Banking Corporation of Florida by 3.2% during the 1st quarter. Segall Bryant & Hamill LLC now owns 1,916,743 shares of the financial services provider’s stock valued at $49,318,000 after purchasing an additional 58,560 shares during the last quarter. Royce & Associates LP lifted its position in Seacoast Banking Corporation of Florida by 5.4% during the first quarter. Royce & Associates LP now owns 1,135,997 shares of the financial services provider’s stock worth $29,229,000 after acquiring an additional 58,601 shares during the last quarter. Aberdeen Group plc lifted its holdings in shares of Seacoast Banking Corporation of Florida by 7.0% during the first quarter. Aberdeen Group plc now owns 989,412 shares of the financial services provider’s stock worth $25,458,000 after buying an additional 65,070 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Seacoast Banking Corporation of Florida by 5.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 953,894 shares of the financial services provider’s stock valued at $24,544,000 after buying an additional 50,417 shares in the last quarter. Institutional investors own 81.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SBCF shares. Zacks Research upgraded shares of Seacoast Banking Corporation of Florida from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Seacoast Banking Corporation of Florida in a research note on Wednesday, October 8th. Wall Street Zen raised Seacoast Banking Corporation of Florida from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Keefe, Bruyette & Woods boosted their price target on shares of Seacoast Banking Corporation of Florida from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Raymond James Financial set a $33.00 price objective on Seacoast Banking Corporation of Florida and gave the company an “outperform” rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

Seacoast Banking Corporation of Florida Trading Down 1.2%

NASDAQ SBCF opened at $30.48 on Friday. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 18.04 and a beta of 0.94. Seacoast Banking Corporation of Florida has a twelve month low of $21.36 and a twelve month high of $32.33. The stock’s 50-day simple moving average is $30.78 and its two-hundred day simple moving average is $27.97. The company has a quick ratio of 0.85, a current ratio of 0.84 and a debt-to-equity ratio of 0.34.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last released its quarterly earnings data on Monday, February 14th. The financial services provider reported $0.55 EPS for the quarter. Seacoast Banking Corporation of Florida had a return on equity of 7.16% and a net margin of 16.93%.The firm had revenue of $83.85 million for the quarter. Research analysts forecast that Seacoast Banking Corporation of Florida will post 1.71 EPS for the current fiscal year.

Seacoast Banking Corporation of Florida Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.5%. This is a boost from Seacoast Banking Corporation of Florida’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, December 15th. Seacoast Banking Corporation of Florida’s dividend payout ratio is currently 42.60%.

Seacoast Banking Corporation of Florida Company Profile

Seacoast Banking Corp. of Florida is a financial holding company, which engages in the provision of integrated financial services. It provides banking and investment services to businesses and consumers, including personal and business deposit products, Internet and mobile banking, personal, commercial and mortgage loans, wealth management services, and treasury management solutions.