Seacoast Banking Co. of Florida (SBCF) Holdings Lifted by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC raised its holdings in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 59.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,035 shares of the financial services provider’s stock after buying an additional 12,720 shares during the period. MetLife Investment Advisors LLC owned about 0.07% of Seacoast Banking Co. of Florida worth $994,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SBCF. BlackRock Inc. boosted its holdings in shares of Seacoast Banking Co. of Florida by 0.7% in the third quarter. BlackRock Inc. now owns 6,643,594 shares of the financial services provider’s stock valued at $193,992,000 after purchasing an additional 43,211 shares during the period. Jennison Associates LLC boosted its holdings in shares of Seacoast Banking Co. of Florida by 1.4% in the third quarter. Jennison Associates LLC now owns 2,084,536 shares of the financial services provider’s stock valued at $60,868,000 after purchasing an additional 28,896 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Seacoast Banking Co. of Florida by 13.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,711,815 shares of the financial services provider’s stock valued at $49,984,000 after purchasing an additional 199,244 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Seacoast Banking Co. of Florida by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 1,092,941 shares of the financial services provider’s stock valued at $31,914,000 after purchasing an additional 8,381 shares during the period. Finally, Waddell & Reed Financial Inc. purchased a new stake in shares of Seacoast Banking Co. of Florida in the second quarter valued at approximately $18,169,000. Institutional investors and hedge funds own 85.32% of the company’s stock.

A number of analysts recently issued reports on SBCF shares. ValuEngine lowered Seacoast Banking Co. of Florida from a “buy” rating to a “hold” rating in a report on Monday, September 24th. Zacks Investment Research upgraded Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a report on Friday, September 28th. BidaskClub lowered Seacoast Banking Co. of Florida from a “hold” rating to a “sell” rating in a report on Saturday, September 29th. B. Riley set a $32.00 target price on Seacoast Banking Co. of Florida and gave the stock a “buy” rating in a report on Monday, October 29th. Finally, Raymond James upgraded Seacoast Banking Co. of Florida from a “market perform” rating to an “outperform” rating in a report on Thursday, November 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Seacoast Banking Co. of Florida currently has a consensus rating of “Hold” and an average target price of $32.60.



Seacoast Banking Co. of Florida stock opened at $27.24 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 21.28 and a beta of 0.75. Seacoast Banking Co. of Florida has a twelve month low of $21.74 and a twelve month high of $34.95.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last posted its earnings results on Thursday, October 25th. The financial services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.07). The company had revenue of $63.85 million for the quarter, compared to analysts’ expectations of $65.27 million. Seacoast Banking Co. of Florida had a return on equity of 10.20% and a net margin of 22.30%. Analysts anticipate that Seacoast Banking Co. of Florida will post 1.54 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://dakotafinancialnews.com/2019/01/12/seacoast-banking-co-of-florida-sbcf-holdings-lifted-by-metlife-investment-advisors-llc.html.

Seacoast Banking Co. of Florida Company Profile

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to business and retail customers in Florida. It offers commercial and retail banking, wealth management, and mortgage services; automated teller machines; online and mobile banking services; and brokerage and annuity services.

Further Reading: Technical Analysis of Stocks and What It Means

Want to see what other hedge funds are holding SBCF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Seacoast Banking Co. of Florida (NASDAQ:SBCF).

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

Receive News & Ratings for Seacoast Banking Co. of Florida Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seacoast Banking Co. of Florida and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply