Seacoast Banking Co. of Florida (NASDAQ:SBCF) Price Target Cut to $26.00 by Analysts at Keefe, Bruyette & Woods

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) had its target price reduced by equities research analysts at Keefe, Bruyette & Woods from $28.00 to $26.00 in a report released on Thursday, Benzinga reports. The firm currently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' target price indicates a potential upside of 8.74% from the company's current price.

Several other analysts also recently commented on SBCF. Truist Financial decreased their target price on shares of Seacoast Banking Co. of Florida from $27.00 to $25.00 and set a "hold" rating for the company in a research report on Monday. Raymond James boosted their target price on shares of Seacoast Banking Co. of Florida from $23.00 to $27.50 and gave the stock an "outperform" rating in a research report on Tuesday, January 30th. Finally, Hovde Group decreased their target price on shares of Seacoast Banking Co. of Florida from $31.00 to $29.00 and set an "outperform" rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $26.10.

Seacoast Banking Co. of Florida Stock Up 1.7 %

Seacoast Banking Co. of Florida stock traded up $0.40 during trading hours on Thursday, hitting $23.91. The company had a trading volume of 384,786 shares, compared to its average volume of 416,606. The firm has a market capitalization of $2.03 billion, a P/E ratio of 17.08 and a beta of 1.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.85 and a quick ratio of 0.85. The firm's fifty day moving average is $23.94 and its 200-day moving average is $24.46. Seacoast Banking Co. of Florida has a fifty-two week low of $17.93 and a fifty-two week high of $29.98.

Institutional Trading of Seacoast Banking Co. of Florida

Several large investors have recently modified their holdings of SBCF. GAMMA Investing LLC bought a new stake in Seacoast Banking Co. of Florida in the 4th quarter valued at $25,000. First Horizon Advisors Inc. boosted its holdings in Seacoast Banking Co. of Florida by 39.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,827 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 520 shares during the period. Good Life Advisors LLC bought a new stake in Seacoast Banking Co. of Florida in the 4th quarter valued at $205,000. Janney Montgomery Scott LLC boosted its holdings in Seacoast Banking Co. of Florida by 6.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,127 shares of the financial services provider's stock valued at $206,000 after purchasing an additional 460 shares during the period. Finally, Xcel Wealth Management LLC bought a new stake in Seacoast Banking Co. of Florida in the 4th quarter valued at $238,000. 81.77% of the stock is owned by institutional investors.

About Seacoast Banking Co. of Florida

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.