Seacoast Banking Corp. of Florida (SBCF) Sees Unusually-High Trading Volume
Seacoast Banking Corp. of Florida (NASDAQ:SBCF) saw an uptick in trading volume on Wednesday . 383,409 shares changed hands during trading, an increase of 175% from the previous session’s volume of 139,462 shares.The stock last traded at $16.45 and had previously closed at $16.72.
A number of research firms have recently issued reports on SBCF. Zacks Investment Research upgraded shares of Seacoast Banking Corp. of Florida from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, May 3rd. FBR & Co reissued a “buy” rating on shares of Seacoast Banking Corp. of Florida in a research report on Thursday, May 12th. Finally, Hovde Group raised shares of Seacoast Banking Corp. of Florida from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $16.00 to $18.25 in a research report on Wednesday, May 11th.
The company has a market capitalization of $616.38 million and a price-to-earnings ratio of 29.43. The firm has a 50 day moving average price of $16.35 and a 200-day moving average price of $16.04.
Seacoast Banking Corp. of Florida (NASDAQ:SBCF) last announced its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. During the same period in the prior year, the firm posted $0.18 earnings per share. On average, analysts expect that Seacoast Banking Corp. of Florida will post $0.98 EPS for the current fiscal 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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