Teacher Retirement System of Texas acquired a new stake in Seacoast Banking Co. of Florida (NASDAQ:SBCF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,374 shares of the financial services provider’s stock, valued at approximately $312,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBCF. Jennison Associates LLC lifted its stake in shares of Seacoast Banking Co. of Florida by 25.0% in the 4th quarter. Jennison Associates LLC now owns 2,002,000 shares of the financial services provider’s stock valued at $50,470,000 after purchasing an additional 400,045 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Seacoast Banking Co. of Florida by 395.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 198,620 shares of the financial services provider’s stock valued at $4,770,000 after purchasing an additional 158,496 shares in the last quarter. Opus Capital Group LLC acquired a new position in shares of Seacoast Banking Co. of Florida in the 4th quarter valued at about $2,738,000. Schwab Charles Investment Management Inc. lifted its stake in shares of Seacoast Banking Co. of Florida by 25.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 206,976 shares of the financial services provider’s stock valued at $4,945,000 after purchasing an additional 42,275 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Seacoast Banking Co. of Florida by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,355,098 shares of the financial services provider’s stock valued at $32,374,000 after purchasing an additional 33,161 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Seacoast Banking Co. of Florida (NASDAQ SBCF) opened at $26.89 on Friday. The company has a market capitalization of $1,294.45, a PE ratio of 27.44 and a beta of 0.65. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.41. Seacoast Banking Co. of Florida has a twelve month low of $20.58 and a twelve month high of $28.44.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $74.87 million for the quarter, compared to the consensus estimate of $67.93 million. Seacoast Banking Co. of Florida had a return on equity of 9.36% and a net margin of 17.14%. The company’s revenue was up 58.1% on a year-over-year basis. During the same period last year, the business posted $0.30 EPS. research analysts predict that Seacoast Banking Co. of Florida will post 1.77 earnings per share for the current year.

In related news, Director Roger Goldman sold 6,407 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $27.41, for a total transaction of $175,615.87. Following the sale, the director now directly owns 23,572 shares in the company, valued at approximately $646,108.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

Several equities research analysts recently commented on the company. Sandler O’Neill upgraded Seacoast Banking Co. of Florida from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Thursday, January 11th. BidaskClub downgraded Seacoast Banking Co. of Florida from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Zacks Investment Research downgraded Seacoast Banking Co. of Florida from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Guggenheim reiterated a “hold” rating and set a $28.00 target price on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 31st. Finally, Hovde Group upgraded Seacoast Banking Co. of Florida from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $30.00 to $29.00 in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Seacoast Banking Co. of Florida has an average rating of “Buy” and a consensus price target of $29.00.

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Seacoast Banking Co. 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 Co. of Florida (NASDAQ:SBCF)

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