Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Receives $29.20 Average PT from Analysts

Seacoast Banking Corporation of Florida (NASDAQ:SBCF - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $29.20.

A number of equities analysts have weighed in on SBCF shares. Stephens decreased their price objective on shares of Seacoast Banking Corporation of Florida from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Hovde Group increased their price target on Seacoast Banking Corporation of Florida from $27.00 to $29.00 and gave the company a "market perform" rating in a report on Wednesday, June 4th. Wall Street Zen downgraded Seacoast Banking Corporation of Florida from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Finally, Keefe, Bruyette & Woods increased their target price on Seacoast Banking Corporation of Florida from $31.00 to $32.00 and gave the company an "outperform" rating in a research note on Monday, June 2nd.

Institutional Trading of Seacoast Banking Corporation of Florida

Several institutional investors and hedge funds have recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in shares of Seacoast Banking Corporation of Florida in the 1st quarter worth approximately $27,000. Smartleaf Asset Management LLC lifted its stake in Seacoast Banking Corporation of Florida by 154.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,120 shares of the financial services provider's stock worth $31,000 after purchasing an additional 679 shares during the last quarter. IFP Advisors Inc lifted its stake in Seacoast Banking Corporation 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 purchasing an additional 994 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Seacoast Banking Corporation of Florida by 38.0% in the first quarter. GAMMA Investing LLC now owns 1,670 shares of the financial services provider's stock worth $43,000 after purchasing an additional 460 shares during the period. Finally, CWM LLC increased its stake in Seacoast Banking Corporation of Florida by 61.6% during the first quarter. CWM LLC now owns 2,635 shares of the financial services provider's stock valued at $68,000 after purchasing an additional 1,004 shares during the last quarter. Institutional investors and hedge funds own 81.77% of the company's stock.

Seacoast Banking Corporation of Florida Stock Up 3.5%

Seacoast Banking Corporation of Florida stock traded up $0.97 during midday trading on Friday, hitting $28.59. 1,027,382 shares of the company were exchanged, compared to its average volume of 449,237. The company has a market cap of $2.46 billion, a PE ratio of 19.19 and a beta of 0.94. Seacoast Banking Corporation of Florida has a fifty-two week low of $21.36 and a fifty-two week high of $31.68. The company's fifty day moving average price is $25.28 and its 200-day moving average price is $26.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.85 and a quick ratio of 0.85.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF - Get Free Report) last posted its earnings results on Thursday, April 24th. The financial services provider reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). The firm had revenue of $140.70 million for the quarter, compared to analyst estimates of $138.41 million. Seacoast Banking Corporation of Florida had a return on equity of 6.11% and a net margin of 15.44%. Seacoast Banking Corporation of Florida's quarterly revenue was up 12.0% compared to the same quarter last year. On average, research analysts predict that Seacoast Banking Corporation of Florida will post 1.71 EPS for the current fiscal year.

Seacoast Banking Corporation of Florida Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.18 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.72 dividend on an annualized basis and a yield of 2.52%. Seacoast Banking Corporation of Florida's dividend payout ratio (DPR) is 48.32%.

Seacoast Banking Corporation 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.