TD Asset Management Inc. grew its holdings in Seacoast Banking Corporation of Florida (NASDAQ:SBCF) by 35.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,207 shares of the financial services provider’s stock after buying an additional 16,490 shares during the quarter. TD Asset Management Inc. owned 0.15% of Seacoast Banking Corporation of Florida worth $1,510,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SBCF. TIAA CREF Investment Management LLC increased its position in shares of Seacoast Banking Corporation of Florida by 5.8% during the second quarter. TIAA CREF Investment Management LLC now owns 135,984 shares of the financial services provider’s stock worth $3,277,000 after purchasing an additional 7,424 shares in the last quarter. Westpac Banking Corp purchased a new stake in shares of Seacoast Banking Corporation of Florida during the second quarter worth approximately $317,000. Dimensional Fund Advisors LP increased its position in shares of Seacoast Banking Corporation of Florida by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,321,937 shares of the financial services provider’s stock worth $31,859,000 after purchasing an additional 12,918 shares in the last quarter. Northern Trust Corp increased its position in shares of Seacoast Banking Corporation of Florida by 24.8% during the second quarter. Northern Trust Corp now owns 452,458 shares of the financial services provider’s stock worth $10,904,000 after purchasing an additional 89,810 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Seacoast Banking Corporation of Florida by 9.9% during the second quarter. Nationwide Fund Advisors now owns 53,880 shares of the financial services provider’s stock worth $1,299,000 after purchasing an additional 4,850 shares in the last quarter. Institutional investors and hedge funds own 79.81% of the company’s stock.

Shares of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) opened at $25.31 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.82 and a current ratio of 0.83. Seacoast Banking Corporation of Florida has a 12-month low of $20.58 and a 12-month high of $27.13. The company has a market capitalization of $1,119.57, a P/E ratio of 21.44 and a beta of 0.77.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $57.10 million during the quarter, compared to analysts’ expectations of $57.55 million. Seacoast Banking Corporation of Florida had a return on equity of 9.37% and a net margin of 18.48%. The firm’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 earnings per share. analysts predict that Seacoast Banking Corporation of Florida will post 1.24 EPS for the current fiscal year.

SBCF has been the subject of several research reports. BidaskClub cut Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. FBR & Co reiterated a “buy” rating and set a $27.00 price target on shares of Seacoast Banking Corporation of Florida in a research report on Tuesday, September 5th. Finally, Zacks Investment Research cut Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $26.00.

In other Seacoast Banking Corporation of Florida news, CEO Dennis S. Hudson III sold 2,300 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $24.22, for a total value of $55,706.00. Following the completion of the sale, the chief executive officer now directly owns 19,247 shares in the company, valued at approximately $466,162.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Dennis S. Hudson III sold 8,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $24.39, for a total value of $195,120.00. Following the completion of the sale, the chief executive officer now owns 19,247 shares of the company’s stock, valued at $469,434.33. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.

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About Seacoast Banking Corporation of Florida

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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