2 weeks Ago By ABMN Staff
Shares of Seacoast Banking Co. of Florida ( NASDAQ:SBCF – Get Free Report ) have been assigned an average rating of “Moderate Buy” from the four research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.
The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $29.88. A number of research analysts recently issued reports on SBCF shares.
Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $31.00 price target on shares of Seacoast Banking Co. of Florida in a report on Wednesday, August 21st.
Hovde Group lowered Seacoast Banking Co. of Florida from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $29.00 to $31.
00 in a research report on Monday, July 29th. Finally, Truist Financial lifted their price objective on Seacoast Banking Co. of Florida from $24.
00 to $30.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Check Out Our Latest Stock Report on SBCF Insider Activity at Seacoast Banking Co.
of Florida Institutional Investors Weigh In On Seacoast Banking Co. of Florida Hedge funds and other institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC raised its stake in shares of Seacoast Banking Co.
of Florida by 61.3% in the 4th quarter. Corient Private Wealth LLC now owns 38,004 shares of the financial services provider’s stock valued at $1,082,000 after purchasing an additional 14,449 shares during the period.
Hsbc Holdings PLC bought a new stake in Seacoast Banking Co. of Florida in the 4th quarter valued at approximately $10,179,000. Otter Creek Advisors LLC acquired a new position in Seacoast Banking Co.
of Florida during the 4th quarter worth approximately $2,376,000. Rafferty Asset Management LLC increased its position in shares of Seacoast Banking Co. of Florida by 32.
0% in the fourth quarter. Rafferty Asset Management LLC now owns 104,572 shares of the financial services provider’s stock valued at $2,976,000 after acquiring an additional 25,370 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in Seacoast Banking Co.
of Florida by 10.2% in the fourth quarter. Schroder Investment Management Group now owns 551,327 shares of the financial services provider’s stock valued at $15,691,000 after purchasing an additional 50,902 shares in the last quarter.
81.77% of the stock is currently owned by institutional investors and hedge funds. Seacoast Banking Co.
of Florida Trading Up 0.7 % Shares of SBCF stock opened at $26.31 on Thursday.
The firm has a fifty day moving average of $26.75 and a 200-day moving average of $24.82.
The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 18.79 and a beta of 1.
08. Seacoast Banking Co. of Florida has a 52-week low of $19.
04 and a 52-week high of $29.98. The company has a debt-to-equity ratio of 0.
13, a quick ratio of 0.86 and a current ratio of 0.86.
Seacoast Banking Co. of Florida ( NASDAQ:SBCF – Get Free Report ) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.
36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02.
The business had revenue of $201.99 million during the quarter, compared to analysts’ expectations of $126.00 million.
Seacoast Banking Co. of Florida had a return on equity of 5.58% and a net margin of 14.
84%. During the same period in the prior year, the firm posted $0.37 EPS.
On average, equities research analysts forecast that Seacoast Banking Co. of Florida will post 1.43 earnings per share for the current fiscal year.
Seacoast Banking Co. of Florida Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.
18 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.
72 dividend on an annualized basis and a dividend yield of 2.74%. Seacoast Banking Co.
of Florida’s dividend payout ratio is 51.43%. Seacoast Banking Co.
of Florida Company Profile ( Get Free Report Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides integrated financial services to retail and commercial customers in Florida. The company offers noninterest and interest-bearing demand deposit, money market, savings, and customer sweep accounts; time certificates of deposit; construction and land development, commercial and residential real estate, and commercial and financial loans; and consumer loans, including installment loans and revolving lines, as well as loans for automobiles, boats, and personal and family purposes. Recommended Stories Receive News & Ratings for Seacoast Banking Co.
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