Seacoast Banking Co. of Florida (NASDAQ:SBCF) Receives $30.00 Consensus Price Target from Brokerages

Seacoast Banking Co. of Florida (NASDAQ:SBCF) has been given an average recommendation of “Hold” by the five ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $30.00.

SBCF has been the subject of several recent research reports. Raymond James reissued an “outperform” rating and set a $31.00 price objective (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a research report on Wednesday, January 29th. StockNews.com upgraded shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Stephens boosted their price objective on shares of Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Monday, March 3rd.

Institutional Trading of Seacoast Banking Co. of Florida

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Seacoast Banking Co. of Florida by 3.4% in 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 in the last quarter. Hantz Financial Services Inc. lifted its position in Seacoast Banking Co. of Florida by 0.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 51,132 shares of the financial services provider’s stock valued at $1,363,000 after acquiring an additional 383 shares in the last quarter. Mariner LLC lifted its position in Seacoast Banking Co. of Florida by 2.8% in the 4th quarter. Mariner LLC now owns 15,132 shares of the financial services provider’s stock valued at $417,000 after acquiring an additional 407 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Seacoast Banking Co. of Florida by 6.0% during the 4th 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 increased its holdings in shares of Seacoast Banking Co. of Florida by 1.6% in the 4th quarter. Synovus Financial Corp now owns 33,235 shares of the financial services provider’s stock worth $915,000 after purchasing an additional 539 shares in the last quarter. 81.77% of the stock is currently owned by institutional investors.

Seacoast Banking Co. of Florida Trading Down 0.5 %

NASDAQ:SBCF opened at $25.96 on Thursday. 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 has a 12 month low of $21.90 and a 12 month high of $31.68. The firm has a fifty day simple moving average of $27.55 and a two-hundred day simple moving average of $27.70. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of 18.15 and a beta of 1.09.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last posted its 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Friday, March 14th. Seacoast Banking Co. of Florida’s payout ratio is 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.