Seacoast Banking Co. of Florida (NASDAQ:SBCF) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $29.50.

A number of research analysts have recently commented on SBCF shares. B. Riley set a $30.00 target price on Seacoast Banking Co. of Florida and gave the company a “buy” rating in a research report on Thursday, July 11th. Zacks Investment Research upgraded shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research report on Wednesday, August 28th. BidaskClub raised shares of Seacoast Banking Co. of Florida from a “strong sell” rating to a “sell” rating in a research note on Tuesday. ValuEngine cut shares of Seacoast Banking Co. of Florida from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. Finally, Hovde Group upgraded shares of Seacoast Banking Co. of Florida from an “underperform” rating to a “market perform” rating in a report on Tuesday, May 14th.

A number of institutional investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund grew its stake in shares of Seacoast Banking Co. of Florida by 2.0% during the second quarter. Oregon Public Employees Retirement Fund now owns 20,257 shares of the financial services provider’s stock valued at $515,000 after buying an additional 400 shares during the last quarter. Salzhauer Michael boosted its holdings in Seacoast Banking Co. of Florida by 0.3% during the 2nd quarter. Salzhauer Michael now owns 127,296 shares of the financial services provider’s stock valued at $3,238,000 after acquiring an additional 400 shares during the period. Bank of Montreal Can boosted its holdings in Seacoast Banking Co. of Florida by 16.5% during the 1st quarter. Bank of Montreal Can now owns 3,636 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 516 shares during the period. Chatham Capital Group Inc. grew its position in Seacoast Banking Co. of Florida by 0.7% in the 1st quarter. Chatham Capital Group Inc. now owns 77,268 shares of the financial services provider’s stock valued at $2,036,000 after acquiring an additional 532 shares during the last quarter. Finally, Mason Street Advisors LLC grew its position in Seacoast Banking Co. of Florida by 3.5% in the 1st quarter. Mason Street Advisors LLC now owns 16,481 shares of the financial services provider’s stock valued at $434,000 after acquiring an additional 559 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors.

Shares of SBCF stock traded up $0.52 during trading hours on Thursday, hitting $24.66. The stock had a trading volume of 140,040 shares, compared to its average volume of 216,952. Seacoast Banking Co. of Florida has a one year low of $21.74 and a one year high of $31.31. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.90 and a quick ratio of 0.89. The stock’s 50-day moving average price is $24.74 and its two-hundred day moving average price is $26.01. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 15.22 and a beta of 0.97.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Seacoast Banking Co. of Florida had a return on equity of 10.69% and a net margin of 24.05%. The company had revenue of $73.70 million during the quarter, compared to analyst estimates of $75.44 million. During the same period in the prior year, the company earned $0.38 earnings per share. The firm’s revenue was up 17.2% on a year-over-year basis. As a group, equities research analysts predict that Seacoast Banking Co. of Florida will post 1.95 earnings per share for the current fiscal year.

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 retail and commercial customers in Florida. The company offers commercial and retail banking, wealth management, and treasury management services, as well as home mortgage products; and brokerage and annuity services.

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