Analysts Set Seacoast Banking Co. of Florida (NASDAQ:SBCF) Price Target at $30.00

Seacoast Banking Co. of Florida (NASDAQ:SBCF) has been given an average recommendation of “Hold” by the five research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $30.00.

Several research analysts have issued reports on the company. StockNews.com raised Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. 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 report on Wednesday, January 29th. Finally, Stephens upped their target price on shares of Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Monday, March 3rd.

Institutional Investors Weigh In On Seacoast Banking Co. of Florida

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Seacoast Banking Co. of Florida by 0.7% in the third quarter. State Street Corp now owns 4,239,308 shares of the financial services provider’s stock worth $112,978,000 after purchasing an additional 28,066 shares during the period. North Reef Capital Management LP lifted its stake in shares of Seacoast Banking Co. of Florida by 3.7% during the 4th quarter. North Reef Capital Management LP now owns 4,230,000 shares of the financial services provider’s stock valued at $116,452,000 after buying an additional 150,000 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Seacoast Banking Co. of Florida by 7.9% in the 3rd quarter. Wellington Management Group LLP now owns 4,170,515 shares of the financial services provider’s stock worth $111,144,000 after buying an additional 305,843 shares during the period. Dimensional Fund Advisors LP increased its stake in Seacoast Banking Co. of Florida by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,985,685 shares of the financial services provider’s stock worth $82,195,000 after buying an additional 16,214 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Seacoast Banking Co. of Florida by 1.2% during the third quarter. Geode Capital Management LLC now owns 2,024,351 shares of the financial services provider’s stock valued at $53,959,000 after acquiring an additional 23,396 shares during the period. 81.77% of the stock is owned by hedge funds and other institutional investors.

Seacoast Banking Co. of Florida Trading Down 0.5 %

Shares of SBCF stock opened at $25.96 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. Seacoast Banking Co. of Florida has a 12-month low of $21.90 and a 12-month high of $31.68. The stock has a market capitalization of $2.22 billion, a P/E ratio of 18.15 and a beta of 1.09. The firm’s 50 day moving average is $27.55 and its 200 day moving average is $27.70.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping 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%. Research analysts expect 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.77%. Seacoast Banking Co. of Florida’s payout ratio is currently 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.