Seacoast Banking Co. of Florida (NASDAQ:SBCF) Given Average Recommendation of "Hold" by Analysts

Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) have received an average recommendation of "Hold" from the five analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $29.20.

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

Institutional Investors Weigh In On Seacoast Banking Co. of Florida

Large investors have recently bought and sold shares of the business. Opal Wealth Advisors LLC bought a new stake in shares of Seacoast Banking Co. of Florida in the 1st quarter worth about $27,000. Smartleaf Asset Management LLC increased its holdings in shares of Seacoast Banking Co. of Florida by 154.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,120 shares of the financial services provider's stock worth $31,000 after buying an additional 679 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of Seacoast Banking Co. of Florida in the 4th quarter worth about $34,000. IFP Advisors Inc increased its stake in Seacoast Banking Co. of Florida by 343.9% during the first quarter. IFP Advisors Inc now owns 1,283 shares of the financial services provider's stock worth $33,000 after acquiring an additional 994 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Seacoast Banking Co. of Florida by 38.0% during the first quarter. GAMMA Investing LLC now owns 1,670 shares of the financial services provider's stock worth $43,000 after acquiring an additional 460 shares during the last quarter. Institutional investors own 81.77% of the company's stock.

Seacoast Banking Co. of Florida Price Performance

Shares of SBCF stock traded up $0.43 on Tuesday, hitting $25.90. 578,167 shares of the stock traded hands, compared to its average volume of 430,627. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 18.11 and a beta of 0.92. Seacoast Banking Co. of Florida has a 52 week low of $21.36 and a 52 week high of $31.68. The firm has a 50 day simple moving average of $24.23 and a two-hundred day simple moving average of $26.58. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.85 and a quick ratio of 0.85.

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

Seacoast Banking Co. of Florida Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Friday, June 13th. Seacoast Banking Co. of Florida's payout ratio is 48.32%.

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.