Shares of Seacoast Banking Corp. of Florida (NASDAQ:SBCF) traded up 2.9% during mid-day trading on Tuesday . The stock traded as high as $16.75 and last traded at $16.73, with a volume of 54,349 shares changing hands. The stock had previously closed at $16.26.

Several analysts recently issued reports on the company. Zacks Investment Research downgraded Seacoast Banking Corp. of Florida from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. FBR & Co reiterated a “buy” rating on shares of Seacoast Banking Corp. of Florida in a research report on Thursday, May 12th. Finally, Hovde Group upgraded Seacoast Banking Corp. of Florida from a “market perform” rating to an “outperform” rating and upped their target price for the company from $16.00 to $18.25 in a research report on Wednesday, May 11th.

The company has a market capitalization of $626.50 million and a PE ratio of 29.91. The firm’s 50 day moving average price is $16.35 and its 200-day moving average price is $16.02.

Seacoast Banking Corp. of Florida (NASDAQ:SBCF) last posted its earnings results on Wednesday, July 27th. The financial services provider reported $0.23 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.23. During the same period in the prior year, the business posted $0.18 earnings per share. Analysts anticipate that Seacoast Banking Corp. of Florida will post $0.98 earnings per share for the current year.

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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