Seacoast Banking Co. of Florida (NASDAQ:SBCF) Price Target Raised to $26.00 at Stephens

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) had its price objective boosted by Stephens from $25.00 to $26.00 in a report published on Monday, Benzinga reports. The brokerage currently has an equal weight rating on the financial services provider's stock.

A number of other research analysts also recently weighed in on the company. Hovde Group downgraded Seacoast Banking Co. of Florida from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $29.00 to $31.00 in a report on Monday, July 29th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $31.00 price target on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, August 21st. Finally, Truist Financial dropped their target price on shares of Seacoast Banking Co. of Florida from $30.00 to $28.00 and set a "hold" rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Seacoast Banking Co. of Florida has a consensus rating of "Hold" and a consensus target price of $28.70.

Seacoast Banking Co. of Florida Trading Up 3.4 %

Shares of SBCF traded up $0.89 during mid-day trading on Monday, hitting $27.22. 328,263 shares of the company's stock traded hands, compared to its average volume of 410,109. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $2.31 billion, a P/E ratio of 19.72 and a beta of 1.07. The business's 50-day moving average price is $26.75 and its 200-day moving average price is $25.14. Seacoast Banking Co. of Florida has a 1 year low of $19.90 and a 1 year high of $29.98.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.36. The business had revenue of $130.30 million for the quarter, compared to the consensus estimate of $129.20 million. Seacoast Banking Co. of Florida had a net margin of 14.55% and a return on equity of 5.44%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 EPS. As a group, sell-side analysts forecast that Seacoast Banking Co. of Florida will post 1.43 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 Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Friday, December 13th. Seacoast Banking Co. of Florida's dividend payout ratio (DPR) is 52.17%.

Institutional Trading of Seacoast Banking Co. of Florida

A number of institutional investors and hedge funds have recently bought and sold shares of SBCF. GAMMA Investing LLC grew its holdings in shares of Seacoast Banking Co. of Florida by 73.4% during the third quarter. GAMMA Investing LLC now owns 973 shares of the financial services provider's stock valued at $26,000 after buying an additional 412 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Seacoast Banking Co. of Florida during the second quarter valued at $55,000. Janney Montgomery Scott LLC increased 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 worth $206,000 after buying an additional 460 shares in the last quarter. Xcel Wealth Management LLC bought a new stake in shares of Seacoast Banking Co. of Florida in the third quarter worth approximately $223,000. Finally, Algert Global LLC purchased a new position in shares of Seacoast Banking Co. of Florida during the second quarter valued at approximately $202,000. 81.77% of the stock is currently owned by institutional investors.

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.