Seacoast Banking Co. of Florida (NASDAQ:SBCF) Receives Average Recommendation of "Hold" from Analysts

Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) have been given a consensus rating of "Hold" by the five analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $29.40.

A number of research firms have recently commented on SBCF. Raymond James restated an "outperform" rating and set a $31.00 price objective (up from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. StockNews.com upgraded Seacoast Banking Co. of Florida from a "sell" rating to a "hold" rating in a research report on Wednesday, January 29th.

Institutional Investors Weigh In On Seacoast Banking Co. of Florida

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning acquired a new position in shares of Seacoast Banking Co. of Florida in the third quarter valued at about $231,000. abrdn plc increased its position in Seacoast Banking Co. of Florida by 10.9% in the 3rd quarter. abrdn plc now owns 1,122,478 shares of the financial services provider's stock valued at $29,914,000 after acquiring an additional 110,582 shares during the period. Ceredex Value Advisors LLC increased its stake in shares of Seacoast Banking Co. of Florida by 24.2% in the third quarter. Ceredex Value Advisors LLC now owns 470,954 shares of the financial services provider's stock valued at $12,551,000 after buying an additional 91,900 shares during the period. F M Investments LLC boosted its stake in shares of Seacoast Banking Co. of Florida by 1.4% in the 3rd quarter. F M Investments LLC now owns 326,027 shares of the financial services provider's stock valued at $8,688,000 after purchasing an additional 4,490 shares during the last quarter. Finally, Versor Investments LP boosted its holdings in shares of Seacoast Banking Co. of Florida by 26.7% during the 3rd quarter. Versor Investments LP now owns 14,700 shares of the financial services provider's stock worth $392,000 after buying an additional 3,100 shares in the last quarter. Institutional investors own 81.77% of the company's stock.

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Seacoast Banking Co. of Florida Stock Performance

NASDAQ:SBCF traded down $0.27 during mid-day trading on Friday, reaching $27.70. 140,060 shares of the stock were exchanged, compared to its average volume of 373,702. The stock has a market capitalization of $2.37 billion, a P/E ratio of 19.37 and a beta of 1.08. Seacoast Banking Co. of Florida has a 1 year low of $21.90 and a 1 year high of $31.68. The company has a 50 day simple moving average of $27.74 and a 200-day simple moving average of $27.70. 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 (NASDAQ:SBCF - Get Free Report) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate 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%. Analysts anticipate that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current fiscal year.

Seacoast Banking Co. of Florida Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.18 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 2.60%. Seacoast Banking Co. of Florida's dividend payout ratio (DPR) is presently 50.35%.

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.