Shares of Seacoast Banking Corp. of Florida (NASDAQ:SBCF) reached a new 52-week high on Thursday . The company traded as high as $17.52 and last traded at $17.19, with a volume of 423,182 shares. The stock had previously closed at $16.45.

A number of research firms have recently weighed in on SBCF. FBR & Co reiterated a “buy” rating and set a $20.00 target price on shares of Seacoast Banking Corp. of Florida in a report on Friday, July 29th. Hovde Group upgraded shares of Seacoast Banking Corp. of Florida from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $16.00 to $18.25 in a report on Wednesday, May 11th. Keefe, Bruyette & Woods upgraded shares of Seacoast Banking Corp. of Florida from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $18.00 to $20.00 in a report on Thursday. Finally, Zacks Investment Research lowered shares of Seacoast Banking Corp. of Florida from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Seacoast Banking Corp. of Florida has an average rating of “Buy” and a consensus price target of $18.65.

The stock has a 50-day moving average price of $16.35 and a 200-day moving average price of $16.04. The company has a market capitalization of $642.16 million and a P/E ratio of 30.658.

Seacoast Banking Corp. of Florida (NASDAQ:SBCF) last announced its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. During the same quarter in the prior year, the company earned $0.18 earnings per share. On average, analysts anticipate that Seacoast Banking Corp. of Florida will post $0.98 EPS 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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