Seacoast Banking Co. of Florida (SBCF) Stock Forecast & Price Target

$26.46

-0.56 (-2.07%)

(As of 09/6/2024 ET)

Seacoast Banking Co. of Florida - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 5 Analyst Ratings

Based on 5 Wall Street analysts who have issued ratings for Seacoast Banking Co. of Florida in the last 12 months, the stock has a consensus rating of "Hold." Out of the 5 analysts, 3 have given a hold rating, and 2 have given a buy rating for SBCF.

Consensus Price Target

$28.50
7.71% Upside

High Forecast	$31.00
Average Forecast	$28.50
Low Forecast	$23.00

According to the 5 analysts' twelve-month price targets for Seacoast Banking Co. of Florida, the average price target is $28.50. The highest price target for SBCF is $31.00, while the lowest price target for SBCF is $23.00. The average price target represents a forecasted upside of 7.71% from the current price of $26.46.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Hold	Hold	Moderate Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$28.50	$28.50	$26.30	$28.25
Forecasted Upside	7.71% Upside	6.45% Upside	10.62% Upside	13.27% Upside

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SBCF Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SBCF Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Seacoast Banking Co. of Florida Stock vs. The Competition

Type	Seacoast Banking Co. of Florida	Finance Companies	S&P 500
Consensus Rating Score	2.40	2.46	2.51
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	7.71% Upside	40.24% Upside	11.35% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/21/2024	Keefe, Bruyette & Woods 4 of 5 stars	W. Lay Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$31.00 ➝ $31.00	+21.05%
7/29/2024	Truist Financial 1 of 5 stars		Boost Target	Hold ➝ Hold	$24.00 ➝ $30.00	+7.84%
7/29/2024	Hovde Group 3 of 5 stars	D. Bishop Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$29.00 ➝ $31.00	+8.01%
1/30/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$23.00 ➝ $27.50	+4.05%
9/12/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$23.00	+0.44%
5/1/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$29.00 ➝ $25.00	+12.66%
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Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:25 PM ET.

SBCF Forecast - Frequently Asked Questions

What is Seacoast Banking Co. of Florida's forecast for 2024?: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Seacoast Banking Co. of Florida is $28.50, with a high forecast of $31.00 and a low forecast of $23.00.
Should I buy or sell Seacoast Banking Co. of Florida stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Seacoast Banking Co. of Florida in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SBCF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SBCF, but not buy additional shares or sell existing shares.
Does Seacoast Banking Co. of Florida's stock price have much upside?: According to analysts, Seacoast Banking Co. of Florida's stock has a predicted upside of 8.40% based on their 12-month stock forecasts.
Has Seacoast Banking Co. of Florida been downgraded by Wall Street analysts recently?: Over the previous 90 days, Seacoast Banking Co. of Florida's stock had 1 downgrade by analysts.
What analysts cover Seacoast Banking Co. of Florida?: Seacoast Banking Co. of Florida has been rated by research analysts at Hovde Group, Keefe, Bruyette & Woods, and Truist Financial in the past 90 days.
Do Wall Street analysts like Seacoast Banking Co. of Florida more than its competitors?: Analysts like Seacoast Banking Co. of Florida less than other "finance" companies. The consensus rating score for Seacoast Banking Co. of Florida is 2.40 while the average consensus rating score for "finance" companies is 2.46. Learn more on how SBCF compares to other companies.