Seacoast Banking Corp. of Florida (NASDAQ:SBCF)’s share price was 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 traded. The stock had previously closed at $16.26.

Several equities analysts have recently issued reports on SBCF shares. FBR & Co restated a “buy” rating on shares of Seacoast Banking Corp. of Florida in a research report on Thursday, May 12th. Zacks Investment Research upgraded Seacoast Banking Corp. of Florida from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Friday, August 5th. Keefe, Bruyette & Woods upgraded Seacoast Banking Corp. of Florida from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $18.00 to $20.00 in a research report on Thursday. Finally, Hovde Group upgraded Seacoast Banking Corp. of Florida from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $16.00 to $18.25 in a research report on Wednesday, May 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Seacoast Banking Corp. of Florida has an average rating of “Buy” and an average target price of $18.65.

The stock’s 50-day moving average is $16.35 and its 200 day moving average is $16.04. The firm has a market capitalization of $616.38 million and a price-to-earnings ratio of 29.43.

Seacoast Banking Corp. of Florida (NASDAQ:SBCF) last released its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. During the same period last year, the business earned $0.18 earnings per share. Equities research analysts anticipate that Seacoast Banking Corp. of Florida will post $0.98 earnings per share 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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