Seacoast Banking Co. of Florida (NASDAQ:SBCF) Receives $30.00 Average Target Price from Analysts

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) has received a consensus recommendation of "Hold" from the five ratings firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $30.00.

SBCF has been the topic of a number of recent analyst reports. Raymond James reissued an "outperform" rating and issued a $31.00 price objective (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, January 29th. Stephens upped their price target on shares of Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the stock an "equal weight" rating in a research report on Monday, March 3rd. Finally, StockNews.com raised shares of Seacoast Banking Co. of Florida from a "sell" rating to a "hold" rating in a report on Wednesday, January 29th.

Seacoast Banking Co. of Florida Price Performance

SBCF stock traded down $0.12 during trading on Thursday, hitting $25.96. 1,159,249 shares of the stock traded hands, compared to its average volume of 391,209. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 18.15 and a beta of 1.09. Seacoast Banking Co. of Florida has a one year low of $21.90 and a one year high of $31.68. The company has a 50 day simple moving average of $27.55 and a 200 day simple moving average of $27.70.

Remove Ads

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.15. Seacoast Banking Co. of Florida had a net margin of 14.95% and a return on equity of 5.91%. Equities analysts expect that Seacoast Banking Co. of Florida will post 1.71 EPS for the current fiscal year.

Seacoast Banking Co. of Florida Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, March 14th. Seacoast Banking Co. of Florida's dividend payout ratio (DPR) is presently 50.35%.

Institutional Trading of Seacoast Banking Co. of Florida

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBCF. GSA Capital Partners LLP bought a new position in shares of Seacoast Banking Co. of Florida in the 3rd quarter worth $368,000. Victory Capital Management Inc. lifted its stake in Seacoast Banking Co. of Florida by 4.9% in the third quarter. Victory Capital Management Inc. now owns 34,933 shares of the financial services provider's stock valued at $931,000 after buying an additional 1,636 shares during the period. KBC Group NV boosted its holdings in Seacoast Banking Co. of Florida by 30.0% during the third quarter. KBC Group NV now owns 3,326 shares of the financial services provider's stock worth $89,000 after buying an additional 768 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of Seacoast Banking Co. of Florida during the 3rd quarter worth about $211,000. Finally, Natixis Advisors LLC increased its stake in shares of Seacoast Banking Co. of Florida by 4.4% in the 3rd quarter. Natixis Advisors LLC now owns 34,843 shares of the financial services provider's stock valued at $929,000 after acquiring an additional 1,462 shares during the last quarter. 81.77% of the stock is currently owned by institutional investors and hedge funds.

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.