Aptus Capital Advisors LLC elevated its holdings in Seacoast Banking Co. of Florida (NASDAQ: SBCF), as said in the newest Kind 13F submitting that the corporate has made with the Securities and Trade Fee (SEC) throughout the third quarter of this 12 months. Following the acquisition of a further 5,775 shares of the inventory held by the monetary companies supplier throughout the interval below evaluate, the overall variety of shares held by the fund within the company above has now reached 99,833. Aptus Capital Advisors LLC had bought Seacoast Banking Co. of Florida for roughly $3,018,000 by the tip of the newest fiscal quarter. This acquisition accounted for roughly 0.16% of the whole firm.
A number of further institutional buyers have just lately made modifications to the proportion of the corporate’s inventory that they personal at their respective establishments. Throughout the third quarter, Victory Capital Administration Inc. elevated the variety of shares of Florida’s Seacoast Banking Co. is owned by 10.4%, bringing the overall variety of shares it owns to 58.4%. Victory Capital Administration Inc. now has 21,199 shares, with a market capitalization of $641,000 after buying a further 2,001 shares throughout the newest quarter. The Oregon Public Workers Retirement Fund elevated the variety of shares of Florida’s Seacoast Banking Co. that it owned by 6.9% throughout the third quarter. The Oregon Public Workers Retirement Fund now has 20,225 shares after buying a further 1,303 shares over the earlier quarter. These shares have a price of $611,000 and are owned by the monetary companies supplier. The Nice West Life Assurance Firm of Canada elevated the quantity of Seacoast Banking Firm of Florida inventory owned by 21.6% throughout the third quarter. Nice West Life Assurance Co. now holds a complete of 73,266 shares of the inventory held by the monetary companies supplier. This can be a results of the corporate’s buy of a further 13,016 shares throughout the newest quarter. The inventory is at present estimated to be value $2,220,000. The State of New Jersey Widespread Pension Fund D elevated the quantity of Seacoast Banking Co. of Florida inventory owned by 6.0 proportion factors over the third quarter. Because the starting of the third quarter, the State of New Jersey Widespread Pension Fund D has bought a further 4,115 shares of the corporate, bringing its complete variety of shares to 72,178. This provides the corporate a complete stake estimated to be value $2,182,000 available on the market. This brings us to our final and most vital level: throughout the third quarter, Synovus Monetary Corp. acquired a further 2.0% possession stake in Seacoast Banking Co. of Florida. Synovus Monetary Corp. now owns 690 further shares of the corporate’s inventory after buying 35,358 shares for $1.073,000. This brings the overall variety of shares that it has acquired to 690. Institutional buyers and hedge funds collectively personal 86.92% of the corporate’s complete shares, making up the vast majority of the shareholders.
When buying and selling began on Tuesday, the worth of 1 share of SBCF inventory was 32.76 {dollars}. The corporate’s transferring averages for the previous fifty days are at present sitting at $32.27, and the transferring averages for the previous 200 days are at present sitting at $32.55. The bottom value that Florida’s Seacoast Banking Co. has been at up to now 12 months is $29.05, whereas the corporate’s all-time excessive value has been $39.31. The corporate’s market capitalization is at present sitting at $2.01 billion, its price-to-earnings ratio is 16.80, and its beta is 1.09. Every of the three monetary ratios—the debt-to-equity ratio, the present ratio, and the fast ratio—is available in at 0.06, including as much as 0.77.
Seacoast Banking Co. of Florida (NASDAQ: SBCF) introduced on October 27 that it might launch the outcomes report for the third quarter of its fiscal 12 months. The earnings of the monetary companies firm got here in at $0.47 per share for the quarter, which was $0.14 lower than the typical prediction made by analysts, who had predicted that the corporate would earn $0.61 per share for the quarter. The Florida Seacoast Banking Co. had a return on fairness of 9.80% and a web margin of 30.14%. The vary of numbers that market analysts anticipated for the corporate’s quarterly income was between $105.57 million and $104.39 million. This vary was between $105.57 million and $104.39 million. Throughout the present fiscal 12 months, the Seacoast Banking Co. of Florida is anticipated to herald a revenue of $1.47 per share, as said by estimates supplied by sell-side analysts.
A number of totally different brokerage companies have supplied their opinions and feedback to SBCF. The “maintain” ranking that StockNews.com had beforehand assigned to Seacoast Banking Co. of Florida was downgraded to a “promote” ranking in a analysis be aware revealed on October 31 by the corporate. The announcement was made by Hovde Group in a analysis be aware revealed on Friday, November 4, and said that they’d be decreasing their value goal on Seacoast Banking Co. of Florida to $34.00.
Seacoast Banking Company of Florida is the financial institution holding firm for Seacoast Nationwide Financial institution, which offers industrial and retail banking companies all through Florida. Seacoast Nationwide Financial institution is a subsidiary of Seacoast Banking Company of Florida. Seacoast Banking Company of Florida owns each Seacoast Nationwide Financial institution and Seacoast Banking Company of Florida. It offers companies to varied monetary industries, together with mortgages, brokerage, industrial and retail banking, asset administration, and annuity companies.