Seacoast Banking Co. of Florida (NASDAQ:SBCF) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Seacoast Banking Co. of Florida (NASDAQ:SBCFFree Report) from a sell rating to a hold rating in a report released on Friday.

Several other analysts also recently weighed in on SBCF. Stephens increased their target price on Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the company an “equal weight” rating in a research note on Monday, March 3rd. Raymond James reiterated an “outperform” rating and set a $31.00 price target (up from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Seacoast Banking Co. of Florida currently has a consensus rating of “Hold” and an average target price of $30.00.

Read Our Latest Stock Analysis on SBCF

Seacoast Banking Co. of Florida Trading Up 0.1 %

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

Seacoast Banking Co. of Florida (NASDAQ:SBCFGet Free Report) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 predict that Seacoast Banking Co. of Florida will post 1.71 EPS for the current year.

Seacoast Banking Co. of Florida Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date was Friday, March 14th. Seacoast Banking Co. of Florida’s dividend payout ratio is presently 50.35%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in Seacoast Banking Co. of Florida by 154.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,120 shares of the financial services provider’s stock valued at $31,000 after buying an additional 679 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Seacoast Banking Co. of Florida during the 4th quarter valued at about $34,000. Sterling Capital Management LLC boosted its position in shares of 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 acquiring an additional 2,370 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Seacoast Banking Co. of Florida in the fourth quarter valued at about $76,000. Finally, KBC Group NV raised its position in 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 purchasing an additional 1,121 shares in the last quarter. 81.77% of the stock is currently owned by institutional investors and hedge funds.

Seacoast Banking Co. of Florida Company Profile

(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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Analyst Recommendations for Seacoast Banking Co. of Florida (NASDAQ:SBCF)

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