Seacoast Banking Co. of Florida (NASDAQ:SBCF) Receives $30.00 Average PT from Brokerages

Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) have earned an average rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $30.00.

Several research firms recently issued reports on SBCF. StockNews.com raised shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research report on Friday, April 11th. Stephens upped their target price on shares of Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Monday, March 3rd. Finally, Raymond James reiterated an “outperform” rating and set a $31.00 price target (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, January 29th.

Institutional Trading of Seacoast Banking Co. of Florida

Institutional investors and hedge funds have recently modified their holdings of the business. Opal Wealth Advisors LLC bought a new position in Seacoast Banking Co. of Florida in the 1st quarter valued at $27,000. Smartleaf Asset Management LLC increased its holdings in 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 buying an additional 679 shares during the last quarter. Kestra Investment Management LLC bought a new stake in Seacoast Banking Co. of Florida in the fourth quarter worth about $34,000. GAMMA Investing LLC boosted its stake in Seacoast Banking Co. of Florida by 38.0% in the first quarter. GAMMA Investing LLC now owns 1,670 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 460 shares during the last quarter. Finally, Sterling Capital Management LLC grew 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 during the period. 81.77% of the stock is owned by hedge funds and other institutional investors.

Seacoast Banking Co. of Florida Trading Up 0.4 %

NASDAQ:SBCF opened at $22.95 on Monday. The firm has a fifty day simple moving average of $25.85 and a two-hundred day simple moving average of $27.27. Seacoast Banking Co. of Florida has a 12 month low of $21.36 and a 12 month high of $31.68. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 16.05 and a beta of 0.97. 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 (NASDAQ:SBCF) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.48 earnings per share 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%. Analysts expect that Seacoast Banking Co. of Florida will post 1.71 EPS for the current fiscal year.

Seacoast Banking Co. of Florida Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.18 per share. The ex-dividend date was Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 3.14%. Seacoast Banking Co. of Florida’s dividend 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.