Seacoast Banking Corp. of Florida (NASDAQ:SBCF) saw strong trading volume on Wednesday . 191,969 shares were traded during trading, an increase of 92% from the previous session’s volume of 99,812 shares.The stock last traded at $16.25 and had previously closed at $16.17.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Seacoast Banking Corp. of Florida from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, May 3rd. FBR & Co reiterated a “buy” rating and issued a $20.00 price target on shares of Seacoast Banking Corp. of Florida in a report on Friday, July 29th. Finally, Hovde Group upgraded shares of Seacoast Banking Corp. of Florida from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $16.00 to $18.25 in a report on Wednesday, May 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $17.85.

The company has a market cap of $608.89 million and a P/E ratio of 29.07. The stock’s 50 day moving average price is $16.33 and its 200 day moving average price is $15.96.

Seacoast Banking Corp. of Florida (NASDAQ:SBCF) last posted its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. During the same quarter in the previous year, the company earned $0.18 EPS. Analysts predict that Seacoast Banking Corp. of Florida will post $0.98 earnings per share for the current year.

A hedge fund recently raised its stake in Seacoast Banking Corp. of Florida stock. Victory Capital Management Inc. increased its stake in shares of Seacoast Banking Corp. of Florida (NASDAQ:SBCF) by 15.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,742 shares of the financial services provider’s stock after buying an additional 10,115 shares during the period. Victory Capital Management Inc. owned 0.22% of Seacoast Banking Corp. of Florida worth $1,105,000 at the end of the most recent reporting period.

Seacoast Banking Corporation of Florida is a bank holding company. The Company’s principal subsidiary is Seacoast National Bank, a national banking association. The Company and its subsidiaries offer an array of deposit accounts and retail banking services, engage in consumer and commercial lending and provide a range of trust and asset management services, as well as securities and annuity products.

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