Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) have been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $29.50.
A number of research firms have weighed in on SBCF. Raymond James set a $29.00 price objective on shares of Seacoast Banking Co. of Florida and gave the stock a “buy” rating in a report on Friday, June 21st. ValuEngine cut shares of Seacoast Banking Co. of Florida from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Hovde Group raised shares of Seacoast Banking Co. of Florida from an “underperform” rating to a “market perform” rating in a report on Tuesday, May 14th. B. Riley set a $30.00 price objective on shares of Seacoast Banking Co. of Florida and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, BidaskClub cut shares of Seacoast Banking Co. of Florida from a “hold” rating to a “sell” rating in a report on Friday, August 9th.
In other news, EVP Juliette Kleffel sold 4,433 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $24.13, for a total transaction of $106,968.29. Following the transaction, the executive vice president now directly owns 4,730 shares in the company, valued at $114,134.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.
SBCF stock opened at $25.00 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. Seacoast Banking Co. of Florida has a twelve month low of $21.74 and a twelve month high of $31.94. The business’s 50 day moving average is $25.68. The firm has a market capitalization of $1.31 billion, a PE ratio of 15.43 and a beta of 0.91.
Seacoast Banking Co. of Florida (NASDAQ:SBCF) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Seacoast Banking Co. of Florida had a net margin of 24.05% and a return on equity of 10.69%. The company had revenue of $73.70 million for the quarter, compared to analysts’ expectations of $75.44 million. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, equities analysts predict that Seacoast Banking Co. of Florida will post 1.94 EPS for the current year.
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 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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