Seacoast Banking Corp. of Florida (NASDAQ:SBCF)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock 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.

Several equities analysts recently issued reports on SBCF shares. Hovde Group raised 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 research note on Wednesday, May 11th. FBR & Co reissued a “buy” rating on shares of Seacoast Banking Corp. of Florida in a research note on Thursday, May 12th. Zacks Investment Research lowered Seacoast Banking Corp. of Florida from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, Keefe, Bruyette & Woods raised Seacoast Banking Corp. of Florida from a “market perform” rating to an “outperform” rating and increased their price target for the company from $18.00 to $20.00 in a research report on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $18.65.

The company has a market capitalization of $663.59 million and a P/E ratio of 31.68. The firm has a 50-day moving average price of $16.38 and a 200-day moving average price of $16.06.

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 for the quarter, hitting analysts’ consensus estimates of $0.23. During the same period last year, the firm earned $0.18 EPS. Equities 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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