Seacoast Banking Corporation of Florida (NASDAQ:SBCF – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $33.1250.
A number of research analysts have recently commented on the stock. Piper Sandler dropped their target price on shares of Seacoast Banking Corporation of Florida from $33.50 to $32.50 and set a “neutral” rating for the company in a report on Thursday, April 30th. Wall Street Zen cut shares of Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a report on Monday. Keefe, Bruyette & Woods increased their target price on shares of Seacoast Banking Corporation of Florida from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Finally, Weiss Ratings raised shares of Seacoast Banking Corporation of Florida from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd.
Get Our Latest Analysis on Seacoast Banking Corporation of Florida
Insider Buying and Selling at Seacoast Banking Corporation of Florida
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. World Investment Advisors raised its holdings in Seacoast Banking Corporation of Florida by 3.6% in the 4th quarter. World Investment Advisors now owns 9,036 shares of the financial services provider’s stock valued at $274,000 after buying an additional 316 shares during the last quarter. CWM LLC raised its holdings in Seacoast Banking Corporation of Florida by 3.0% in the 4th quarter. CWM LLC now owns 11,083 shares of the financial services provider’s stock valued at $348,000 after buying an additional 320 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Seacoast Banking Corporation of Florida by 3.9% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 9,274 shares of the financial services provider’s stock valued at $282,000 after buying an additional 344 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Seacoast Banking Corporation of Florida by 69.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 857 shares of the financial services provider’s stock valued at $26,000 after buying an additional 352 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its holdings in Seacoast Banking Corporation of Florida by 59.3% in the 4th quarter. Salomon & Ludwin LLC now owns 956 shares of the financial services provider’s stock valued at $31,000 after buying an additional 356 shares during the last quarter. Institutional investors own 81.77% of the company’s stock.
Seacoast Banking Corporation of Florida Price Performance
SBCF stock opened at $30.49 on Tuesday. The stock has a market capitalization of $2.97 billion, a P/E ratio of 20.06 and a beta of 0.88. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.33. Seacoast Banking Corporation of Florida has a 12 month low of $24.04 and a 12 month high of $35.55. The firm has a 50-day moving average price of $30.86 and a 200-day moving average price of $31.79.
Seacoast Banking Corporation of Florida (NASDAQ:SBCF – Get Free Report) last posted its earnings results on Tuesday, April 28th. The financial services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.04. The firm had revenue of $205.10 million during the quarter, compared to analysts’ expectations of $205.51 million. Seacoast Banking Corporation of Florida had a net margin of 14.42% and a return on equity of 8.23%. The business’s revenue for the quarter was up 45.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. As a group, equities research analysts anticipate that Seacoast Banking Corporation of Florida will post 2.49 EPS for the current fiscal year.
Seacoast Banking Corporation of Florida Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, June 15th. Seacoast Banking Corporation of Florida’s dividend payout ratio (DPR) is 50.00%.
Seacoast Banking Corporation of Florida Company Profile
Seacoast Banking Corporation of Florida operates as a bank holding company through its principal subsidiary, Seacoast National Bank. Headquartered in Stuart, Florida, Seacoast National Bank provides a full range of commercial and retail banking services across the coastal region of Florida. Its network of branches serves customers from Martin County through Miami-Dade County, offering deposit accounts, lending solutions, cash management and payment services to individuals, small businesses and middle-market companies.
In addition to traditional banking, Seacoast offers specialized mortgage lending and wealth management services.
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