Thrivent Financial For Lutherans boosted its stake in shares of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) by 254.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,280 shares of the financial services provider’s stock after purchasing an additional 197,640 shares during the quarter. Thrivent Financial For Lutherans owned about 0.64% of Seacoast Banking Corporation of Florida worth $6,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of SBCF. US Bancorp DE boosted its holdings in Seacoast Banking Corporation of Florida by 0.5% in the second quarter. US Bancorp DE now owns 4,157 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 20 shares in the last quarter. Alpine Woods Capital Investors LLC boosted its holdings in Seacoast Banking Corporation of Florida by 7.7% in the second quarter. Alpine Woods Capital Investors LLC now owns 14,000 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 1,000 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Seacoast Banking Corporation of Florida by 1.3% in the second quarter. Teachers Advisors LLC now owns 85,014 shares of the financial services provider’s stock worth $2,049,000 after acquiring an additional 1,079 shares in the last quarter. American International Group Inc. boosted its holdings in Seacoast Banking Corporation of Florida by 7.2% in the first quarter. American International Group Inc. now owns 18,252 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 1,220 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Seacoast Banking Corporation of Florida by 5.1% in the first quarter. Wells Fargo & Company MN now owns 28,202 shares of the financial services provider’s stock worth $677,000 after acquiring an additional 1,374 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors.

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In other news, Director Roger Goldman sold 2,200 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $24.11, for a total value of $53,042.00. Following the transaction, the director now owns 20,072 shares in the company, valued at approximately $483,935.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Several equities research analysts have weighed in on SBCF shares. FBR & Co reissued a “buy” rating and issued a $27.00 price target on shares of Seacoast Banking Corporation of Florida in a report on Tuesday, September 5th. Zacks Investment Research raised Seacoast Banking Corporation of Florida from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, June 28th. Finally, BidaskClub downgraded Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Seacoast Banking Corporation of Florida currently has an average rating of “Buy” and an average target price of $25.00.

Shares of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) opened at 23.07 on Monday. Seacoast Banking Corporation of Florida has a one year low of $15.85 and a one year high of $25.88. The firm has a market cap of $988.34 million, a P/E ratio of 25.66 and a beta of 0.77. The firm has a 50-day moving average price of $22.66 and a 200 day moving average price of $23.48.

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

Seacoast Banking Corporation of Florida Company Profile

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.

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

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