Moseley Investment Management Inc. Acquires Shares of 12,116 Seacoast Banking Corporation of Florida $SBCF

Moseley Investment Management Inc. acquired a new stake in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) during the second quarter, HoldingsChannel reports. The fund acquired 12,116 shares of the financial services provider’s stock, valued at approximately $335,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Seacoast Banking Corporation of Florida in the 1st quarter valued at $27,000. IFP Advisors Inc grew its holdings in shares of Seacoast Banking Corporation of Florida by 343.9% during the 1st quarter. IFP Advisors Inc now owns 1,283 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 994 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Seacoast Banking Corporation of Florida by 38.0% during the 1st quarter. GAMMA Investing LLC now owns 1,670 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 460 shares in the last quarter. CWM LLC grew its holdings in shares of Seacoast Banking Corporation of Florida by 61.6% during the 1st quarter. CWM LLC now owns 2,635 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 1,004 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new stake in shares of Seacoast Banking Corporation of Florida during the 2nd quarter worth $242,000. 81.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on SBCF shares. Wall Street Zen raised Seacoast Banking Corporation of Florida from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Zacks Research raised Seacoast Banking Corporation of Florida from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Seacoast Banking Corporation of Florida in a report on Wednesday. Keefe, Bruyette & Woods increased their target price on Seacoast Banking Corporation of Florida from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Tuesday, July 29th. 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. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Seacoast Banking Corporation of Florida presently has an average rating of “Moderate Buy” and an average target price of $29.80.

Seacoast Banking Corporation of Florida Stock Performance

NASDAQ:SBCF opened at $31.30 on Friday. The stock’s 50-day simple moving average is $30.18 and its 200 day simple moving average is $27.29. The firm has a market capitalization of $2.75 billion, a PE ratio of 19.20 and a beta of 0.94. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.36. Seacoast Banking Corporation of Florida has a twelve month low of $21.36 and a twelve month high of $32.33.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last released its quarterly earnings data on Monday, February 14th. The financial services provider reported $0.55 earnings per share for the quarter. Seacoast Banking Corporation of Florida had a return on equity of 6.65% and a net margin of 16.63%.The business had revenue of $83.85 million for the quarter. On average, analysts anticipate that Seacoast Banking Corporation of Florida will post 1.71 EPS for the current fiscal year.

Seacoast Banking Corporation of Florida Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, September 15th. Seacoast Banking Corporation of Florida’s dividend payout ratio (DPR) is presently 44.17%.

About Seacoast Banking Corporation of Florida

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.