Voya Investment Management LLC Has $21.59 Million Stake in Seacoast Banking Co. of Florida (SBCF)

Voya Investment Management LLC cut its stake in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 683,776 shares of the financial services provider’s stock after selling 17,245 shares during the quarter. Voya Investment Management LLC’s holdings in Seacoast Banking Co. of Florida were worth $21,594,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. UBS Group AG grew its position in shares of Seacoast Banking Co. of Florida by 30.1% during the first quarter. UBS Group AG now owns 9,176 shares of the financial services provider’s stock worth $243,000 after buying an additional 2,125 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Seacoast Banking Co. of Florida by 4.4% in the first quarter. California Public Employees Retirement System now owns 51,041 shares of the financial services provider’s stock valued at $1,351,000 after purchasing an additional 2,172 shares in the last quarter. Swiss National Bank boosted its holdings in Seacoast Banking Co. of Florida by 3.7% in the first quarter. Swiss National Bank now owns 64,500 shares of the financial services provider’s stock valued at $1,707,000 after purchasing an additional 2,300 shares in the last quarter. Globeflex Capital L P boosted its holdings in Seacoast Banking Co. of Florida by 13.3% in the second quarter. Globeflex Capital L P now owns 23,000 shares of the financial services provider’s stock valued at $726,000 after purchasing an additional 2,700 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in Seacoast Banking Co. of Florida by 5.4% in the second quarter. IFP Advisors Inc now owns 56,637 shares of the financial services provider’s stock valued at $1,789,000 after purchasing an additional 2,922 shares in the last quarter. 84.22% of the stock is owned by institutional investors and hedge funds.

Seacoast Banking Co. of Florida stock opened at $30.35 on Monday. Seacoast Banking Co. of Florida has a 12 month low of $21.56 and a 12 month high of $34.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.83. The company has a market cap of $1.45 billion, a PE ratio of 23.71 and a beta of 0.53.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.05). The business had revenue of $62.98 million for the quarter, compared to analyst estimates of $64.78 million. Seacoast Banking Co. of Florida had a return on equity of 10.36% and a net margin of 22.34%. The company’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 EPS. sell-side analysts anticipate that Seacoast Banking Co. of Florida will post 1.63 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the company. Sandler O’Neill downgraded Seacoast Banking Co. of Florida from a “buy” rating to a “hold” rating in a report on Thursday, May 31st. BidaskClub downgraded Seacoast Banking Co. of Florida from a “strong-buy” rating to a “buy” rating in a report on Friday, July 13th. Hovde Group upped their price target on Seacoast Banking Co. of Florida from $29.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, June 15th. B. Riley lowered their price target on Seacoast Banking Co. of Florida from $37.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, July 31st. Finally, Raymond James downgraded Seacoast Banking Co. of Florida from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 29th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.20.

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.

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

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