Seacoast Banking Co. of Florida (NASDAQ:SBCF) announced its earnings results on Thursday. The financial services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01, Bloomberg Earnings reports. The business had revenue of $62.10 million for the quarter, compared to analysts’ expectations of $61.60 million. Seacoast Banking Co. of Florida had a net margin of 19.83% and a return on equity of 10.37%. The company’s quarterly revenue was up 29.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 EPS.

Shares of Seacoast Banking Co. of Florida stock opened at $27.84 on Friday. The firm has a market capitalization of $1,301.41, a PE ratio of 19.65 and a beta of 0.65. Seacoast Banking Co. of Florida has a 12 month low of $20.58 and a 12 month high of $29.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.81 and a current ratio of 0.82.

A number of equities analysts have recently commented on the stock. Sandler O’Neill raised shares of Seacoast Banking Co. of Florida from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Thursday, January 11th. Hovde Group raised shares of Seacoast Banking Co. of Florida from a “market perform” rating to an “outperform” rating and cut their target price for the company from $30.00 to $29.00 in a report on Wednesday, February 7th. BidaskClub raised shares of Seacoast Banking Co. of Florida from a “hold” rating to a “buy” rating in a report on Friday, March 9th. B. Riley reaffirmed a “buy” rating and issued a $30.00 target price on shares of Seacoast Banking Co. of Florida in a report on Friday, January 26th. Finally, Zacks Investment Research raised shares of Seacoast Banking Co. of Florida from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Saturday, December 30th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Seacoast Banking Co. of Florida has an average rating of “Buy” and an average target price of $29.00.

In related news, Director Roger Goldman sold 6,407 shares of Seacoast Banking Co. of Florida stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $27.41, for a total value of $175,615.87. Following the transaction, the director now directly owns 23,572 shares in the company, valued at approximately $646,108.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.00% of the company’s stock.

About Seacoast Banking Co. of Florida

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.

Earnings History for Seacoast Banking Co. of Florida (NASDAQ:SBCF)

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