Analysts Set Seacoast Banking Co. of Florida (NASDAQ:SBCF) Target Price at $29.40

Seacoast Banking Co. of Florida (NASDAQ:SBCF) has been assigned an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. Three 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 target among brokerages that have covered the stock in the last year is $29.40.

Several equities research analysts recently issued reports on the stock. 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 restated an “outperform” rating and issued a $31.00 target price (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th.

Seacoast Banking Co. of Florida Trading Up 0.2 %

NASDAQ:SBCF opened at $27.97 on Friday. The company’s 50 day moving average price is $27.74 and its 200-day moving average price is $27.70. 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 quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 19.56 and a beta of 1.08.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates 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%. On average, equities research analysts forecast that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current fiscal year.

Seacoast Banking Co. of Florida Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Friday, March 14th. Seacoast Banking Co. of Florida’s dividend payout ratio is presently 50.35%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SBCF. Smartleaf Asset Management LLC boosted its stake in shares of Seacoast Banking Co. of Florida by 154.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,120 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 679 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of Seacoast Banking Co. of Florida during the 4th quarter valued at $34,000. Sterling Capital Management LLC raised 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 purchasing an additional 2,370 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of Seacoast Banking Co. of Florida during the 4th quarter valued at $76,000. Finally, KBC Group NV raised its position in shares of Seacoast Banking Co. of Florida by 30.0% during the 3rd quarter. KBC Group NV now owns 3,326 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 768 shares during the period. Hedge funds and other institutional investors own 81.77% of the company’s stock.

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.