Seacoast Banking Co. of Florida (NASDAQ:SBCF – Get Free Report) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $26.10.
SBCF has been the subject of several analyst reports. Raymond James upped their price target on shares of Seacoast Banking Co. of Florida from $23.00 to $27.50 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Hovde Group cut their price target on shares of Seacoast Banking Co. of Florida from $31.00 to $29.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Keefe, Bruyette & Woods cut their price target on shares of Seacoast Banking Co. of Florida from $28.00 to $26.00 and set a “market perform” rating for the company in a research report on Thursday. Finally, Truist Financial cut their price target on shares of Seacoast Banking Co. of Florida from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Monday, April 29th.
Read Our Latest Stock Report on SBCF
Hedge Funds Weigh In On Seacoast Banking Co. of Florida
Seacoast Banking Co. of Florida Stock Up 0.9 %
SBCF opened at $24.12 on Monday. The stock has a market cap of $2.05 billion, a PE ratio of 17.23 and a beta of 1.17. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10. Seacoast Banking Co. of Florida has a 52 week low of $17.93 and a 52 week high of $29.98. The business’s fifty day simple moving average is $23.94 and its 200 day simple moving average is $24.48.
Seacoast Banking Co. of Florida Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.99%. Seacoast Banking Co. of Florida’s dividend payout ratio is currently 51.43%.
Seacoast Banking Co. of Florida Company Profile
Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides integrated financial services to retail and commercial customers in Florida. The company offers noninterest and interest-bearing demand deposit, money market, savings, and customer sweep accounts; time certificates of deposit; construction and land development, commercial and residential real estate, and commercial and financial loans; and consumer loans, including installment loans and revolving lines, as well as loans for automobiles, boats, and personal and family purposes.
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