Stephens Issues Positive Forecast for Seacoast Banking Co. of Florida (NASDAQ:SBCF) Stock Price

Seacoast Banking Co. of Florida (NASDAQ:SBCF) had its price target hoisted by Stephens from $28.00 to $29.00 in a research note published on Monday morning,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

SBCF has been the topic of several other research reports. StockNews.com upgraded shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Raymond James reiterated an “outperform” rating and set a $31.00 target price (up from $29.00) on shares of Seacoast Banking Co. of Florida in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.00.

Seacoast Banking Co. of Florida Stock Performance

NASDAQ:SBCF opened at $27.03 on Monday. The firm’s 50-day moving average is $27.80 and its 200-day moving average is $27.78. Seacoast Banking Co. of Florida has a 52-week low of $21.90 and a 52-week high of $31.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 18.90 and a beta of 1.08.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) 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 research analysts anticipate that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current year.

Seacoast Banking Co. of Florida Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 2.66%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is currently 50.35%.

Institutional Trading of Seacoast Banking Co. of Florida

Several institutional investors have recently made changes to their positions in SBCF. Envestnet Portfolio Solutions Inc. grew its stake in Seacoast Banking Co. of Florida by 3.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,554 shares of the financial services provider’s stock worth $318,000 after buying an additional 380 shares during the last quarter. Hantz Financial Services Inc. grew its stake in Seacoast Banking Co. of Florida by 0.8% during the third quarter. Hantz Financial Services Inc. now owns 51,132 shares of the financial services provider’s stock worth $1,363,000 after buying an additional 383 shares during the last quarter. Mariner LLC grew its stake in shares of Seacoast Banking Co. of Florida by 2.8% during the fourth quarter. Mariner LLC now owns 15,132 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 407 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Seacoast Banking Co. of Florida by 6.0% during the fourth quarter. CIBC Asset Management Inc now owns 8,393 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 478 shares during the last quarter. Finally, Synovus Financial Corp grew its stake in shares of Seacoast Banking Co. of Florida by 1.6% during the fourth quarter. Synovus Financial Corp now owns 33,235 shares of the financial services provider’s stock valued at $915,000 after purchasing an additional 539 shares during the last quarter. 81.77% of the stock is currently owned by institutional investors and hedge funds.

About Seacoast Banking Co. of Florida

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.