StockNews.com downgraded shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF - Free Report) from a hold rating to a sell rating in a report released on Thursday morning.
Other analysts have also recently issued reports about the stock. Raymond James restated an "outperform" rating and set a $31.00 target price (up from $29.00) on shares of Seacoast Banking Co. of Florida in a research report on Wednesday, January 29th. Stephens upped their price objective on Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the company an "equal weight" rating in a research report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $30.00.
Read Our Latest Stock Report on Seacoast Banking Co. of Florida
Seacoast Banking Co. of Florida Price Performance
Seacoast Banking Co. of Florida stock traded down $0.14 during midday trading on Thursday, reaching $22.43. 219,031 shares of the stock traded hands, compared to its average volume of 417,381. The stock has a market cap of $1.92 billion, a P/E ratio of 15.73 and a beta of 0.97. The stock's fifty day moving average is $27.19 and its 200-day moving average is $27.56. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.16. Seacoast Banking Co. of Florida has a 12 month low of $21.64 and a 12 month high of $31.68.
Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.15. Seacoast Banking Co. of Florida had a return on equity of 5.91% and a net margin of 14.95%. As a group, equities research analysts anticipate that Seacoast Banking Co. of Florida will post 1.71 EPS for the current year.
Seacoast Banking Co. of Florida Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 3.21%. Seacoast Banking Co. of Florida's dividend payout ratio (DPR) is presently 50.35%.
Institutional Investors Weigh In On Seacoast Banking Co. of Florida
Hedge funds and other institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its stake in Seacoast Banking Co. of Florida by 154.0% in 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 period. Kestra Investment Management LLC purchased a new position in Seacoast Banking Co. of Florida in the 4th quarter worth about $34,000. Sterling Capital Management LLC lifted its holdings in Seacoast Banking Co. of Florida by 811.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,662 shares of the financial services provider's stock valued at $73,000 after buying an additional 2,370 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Seacoast Banking Co. of Florida during the 4th quarter valued at about $76,000. Finally, KBC Group NV grew its stake in Seacoast Banking Co. of Florida by 33.7% in the 4th quarter. KBC Group NV now owns 4,447 shares of the financial services provider's stock worth $122,000 after acquiring an additional 1,121 shares in the last quarter. 81.77% of the stock is currently owned by hedge funds and other institutional investors.
About Seacoast Banking Co. of Florida
(
Get Free Report)
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.
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