Seacoast Banking Co. of Florida (NASDAQ:SBCF) Given Consensus Rating of “Hold” by Analysts

Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) have earned a consensus recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $30.00.

A number of analysts have recently weighed in on SBCF shares. Raymond James reaffirmed an “outperform” rating and issued a $31.00 price target (up from $29.00) on shares of Seacoast Banking Co. of Florida in a research note 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 Friday. Finally, Stephens lifted their price target 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.

Seacoast Banking Co. of Florida Stock Up 0.1 %

SBCF opened at $22.04 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.85 and a quick ratio of 0.85. Seacoast Banking Co. of Florida has a 12 month low of $21.36 and a 12 month high of $31.68. The stock’s 50 day moving average price is $26.51 and its 200 day moving average price is $27.39. The stock has a market cap of $1.89 billion, a P/E ratio of 15.41 and a beta of 0.97.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.48 earnings per share 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%. As a group, research analysts predict that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current year.

Seacoast Banking Co. of Florida Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.18 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 3.27%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is 50.35%.

Institutional Investors Weigh In On Seacoast Banking Co. of Florida

Large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in shares of Seacoast Banking Co. of Florida by 154.0% during 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 raised 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 worth $73,000 after buying an additional 2,370 shares during the period. Venturi Wealth Management LLC purchased a new stake in Seacoast Banking Co. of Florida during the fourth quarter valued at about $76,000. Finally, KBC Group NV boosted its holdings in shares of Seacoast Banking Co. of Florida by 33.7% in the fourth quarter. KBC Group NV now owns 4,447 shares of the financial services provider’s stock worth $122,000 after buying an additional 1,121 shares during the period. 81.77% of the stock is owned by institutional investors.

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.