MetLife Investment Advisors LLC Acquires 12,720 Shares of Seacoast Banking Co. of Florida (SBCF)

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

A number of other large investors have also bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of Seacoast Banking Co. of Florida during the 2nd quarter valued at $537,000. Schwab Charles Investment Management Inc. raised its stake in shares of Seacoast Banking Co. of Florida by 4.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 249,976 shares of the financial services provider’s stock valued at $7,895,000 after purchasing an additional 11,324 shares during the period. BlackRock Inc. raised its stake in shares of Seacoast Banking Co. of Florida by 5.0% during the 2nd quarter. BlackRock Inc. now owns 6,600,383 shares of the financial services provider’s stock valued at $208,440,000 after purchasing an additional 315,105 shares during the period. Legal & General Group Plc raised its stake in shares of Seacoast Banking Co. of Florida by 6.5% during the 2nd quarter. Legal & General Group Plc now owns 92,591 shares of the financial services provider’s stock valued at $2,935,000 after purchasing an additional 5,679 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Seacoast Banking Co. of Florida by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,512,571 shares of the financial services provider’s stock valued at $47,768,000 after purchasing an additional 15,536 shares during the period. 85.32% of the stock is currently owned by institutional investors.

SBCF has been the topic of a number of analyst reports. ValuEngine lowered Seacoast Banking Co. of Florida from a “buy” rating to a “hold” rating in a research note on Monday, September 24th. BidaskClub lowered Seacoast Banking Co. of Florida from a “hold” rating to a “sell” rating in a research note on Saturday, September 29th. Raymond James upgraded Seacoast Banking Co. of Florida from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 15th. Zacks Investment Research upgraded Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. Finally, Hovde Group lowered Seacoast Banking Co. of Florida from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $32.60.

Shares of NASDAQ SBCF opened at $27.24 on Friday. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 21.28 and a beta of 0.75. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 0.86. 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 announced 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 business had revenue of $63.85 million during the quarter, compared to the consensus estimate of $65.27 million. Seacoast Banking Co. of Florida had a return on equity of 10.20% and a net margin of 22.30%. Research analysts forecast that Seacoast Banking Co. of Florida will post 1.54 EPS for the current fiscal year.

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Seacoast Banking Co. of Florida 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.

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

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