Seacoast Banking Co. of Florida (NASDAQ:SBCF) Receives Average Rating of "Hold" from Analysts

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) has earned a consensus recommendation of "Hold" from the five analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $29.20.

Several brokerages have recently commented on SBCF. Stephens decreased their price objective on Seacoast Banking Co. of Florida from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods increased their price target on Seacoast Banking Co. of Florida from $31.00 to $32.00 and gave the company an "outperform" rating in a research note on Monday. Hovde Group boosted their price target on Seacoast Banking Co. of Florida from $27.00 to $29.00 and gave the stock a "market perform" rating in a research note on Wednesday. Finally, Wall Street Zen lowered shares of Seacoast Banking Co. of Florida from a "hold" rating to a "sell" rating in a research report on Friday, May 16th.

Seacoast Banking Co. of Florida Stock Down 1.6%

NASDAQ:SBCF traded down $0.42 during trading hours on Tuesday, reaching $25.58. The company's stock had a trading volume of 485,589 shares, compared to its average volume of 427,317. The stock has a 50 day moving average price of $24.23 and a two-hundred day moving average price of $26.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $2.20 billion, a P/E ratio of 17.89 and a beta of 0.89. Seacoast Banking Co. of Florida has a 12 month low of $21.36 and a 12 month high of $31.68.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.02). The company had revenue of $140.70 million during the quarter, compared to the consensus estimate of $138.41 million. Seacoast Banking Co. of Florida had a return on equity of 5.91% and a net margin of 14.95%. Seacoast Banking Co. of Florida's revenue for the quarter was up 12.0% on a year-over-year basis. Equities analysts predict that Seacoast Banking Co. of Florida will post 1.71 EPS for the current fiscal year.

Seacoast Banking Co. of Florida Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.72 annualized dividend and a yield of 2.81%. Seacoast Banking Co. of Florida's payout ratio is presently 48.32%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Intech Investment Management LLC boosted its position in Seacoast Banking Co. of Florida by 36.5% in the first quarter. Intech Investment Management LLC now owns 91,340 shares of the financial services provider's stock valued at $2,350,000 after buying an additional 24,408 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Seacoast Banking Co. of Florida in the 1st quarter valued at $4,817,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Seacoast Banking Co. of Florida by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,255 shares of the financial services provider's stock worth $1,293,000 after acquiring an additional 2,187 shares during the period. Curi RMB Capital LLC raised its holdings in shares of Seacoast Banking Co. of Florida by 4.5% during the first quarter. Curi RMB Capital LLC now owns 576,469 shares of the financial services provider's stock worth $14,833,000 after purchasing an additional 24,690 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Seacoast Banking Co. of Florida by 123.4% during the first quarter. AQR Capital Management LLC now owns 82,889 shares of the financial services provider's stock valued at $2,133,000 after purchasing an additional 45,792 shares during the period. 81.77% of the stock is owned by institutional investors and hedge funds.

Seacoast Banking Co. of Florida Company Profile

Seacoast Banking Corp. of Florida is a financial holding company, which engages in the provision of integrated financial services. It provides banking and investment services to businesses and consumers, including personal and business deposit products, Internet and mobile banking, personal, commercial and mortgage loans, wealth management services, and treasury management solutions.