Seacoast Banking Co. of Florida (NASDAQ:SBCF) Receives $25.90 Consensus PT from Analysts

Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) have received an average recommendation of "Moderate Buy" from the four research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $25.90.

A number of equities analysts have recently commented on SBCF shares. Truist Financial dropped their price objective on Seacoast Banking Co. of Florida from $27.00 to $25.00 and set a "hold" rating on the stock in a research note on Monday. Raymond James upped their price target on Seacoast Banking Co. of Florida from $23.00 to $27.50 and gave the stock an "outperform" rating in a report on Tuesday, January 30th. Finally, Hovde Group lowered their price objective on shares of Seacoast Banking Co. of Florida from $31.00 to $29.00 and set an "outperform" rating on the stock in a research note on Monday.

Institutional Investors Weigh In On Seacoast Banking Co. of Florida

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new stake in shares of Seacoast Banking Co. of Florida in the 4th quarter valued at approximately $25,000. First Horizon Advisors Inc. raised its stake in Seacoast Banking Co. of Florida by 39.8% during the third quarter. First Horizon Advisors Inc. now owns 1,827 shares of the financial services provider's stock worth $40,000 after acquiring an additional 520 shares in the last quarter. Good Life Advisors LLC bought a new position in shares of Seacoast Banking Co. of Florida during the fourth quarter valued at $205,000. Xcel Wealth Management LLC acquired a new stake in shares of Seacoast Banking Co. of Florida in the 4th quarter valued at $238,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Seacoast Banking Co. of Florida in the 3rd quarter worth about $242,000. Institutional investors and hedge funds own 81.77% of the company's stock.

Seacoast Banking Co. of Florida Price Performance

NASDAQ SBCF traded up $0.18 on Monday, reaching $23.56. 602,960 shares of the stock traded hands, compared to its average volume of 418,081. Seacoast Banking Co. of Florida has a 12 month low of $17.93 and a 12 month high of $29.98. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 16.83 and a beta of 1.16. The firm's fifty day simple moving average is $23.99 and its 200 day simple moving average is $24.45. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.05). The firm had revenue of $128.16 million during the quarter, compared to analyst estimates of $135.33 million. Seacoast Banking Co. of Florida had a net margin of 15.08% and a return on equity of 5.68%. As a group, research analysts predict that Seacoast Banking Co. of Florida will post 1.47 EPS for the current fiscal year.

Seacoast Banking Co. of Florida Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Thursday, June 13th. Seacoast Banking Co. of Florida's payout ratio is presently 51.43%.

Seacoast Banking Co. of Florida Company Profile

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.