Headlines about Seacoast Banking Corporation of Florida (NASDAQ:SBCF) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Seacoast Banking Corporation of Florida earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 47.363244732549 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of Seacoast Banking Corporation of Florida (SBCF) opened at $25.96 on Thursday. The stock has a market cap of $1,127.84, a price-to-earnings ratio of 21.60 and a beta of 0.77. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.77. Seacoast Banking Corporation of Florida has a twelve month low of $20.58 and a twelve month high of $27.13.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.01. The firm had revenue of $57.10 million for the quarter, compared to analysts’ expectations of $57.55 million. Seacoast Banking Corporation of Florida had a net margin of 18.48% and a return on equity of 9.37%. The firm’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. equities analysts predict that Seacoast Banking Corporation of Florida will post 1.24 EPS for the current fiscal year.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. FBR & Co reissued a “buy” rating on shares of Seacoast Banking Corporation of Florida in a research report on Friday, October 27th. Finally, BidaskClub cut shares of Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Seacoast Banking Corporation of Florida presently has a consensus rating of “Hold” and an average price target of $26.00.

In related news, CEO Dennis S. Hudson III sold 2,300 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $24.22, for a total value of $55,706.00. Following the sale, the chief executive officer now directly owns 19,247 shares of the company’s stock, valued at $466,162.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dennis S. Hudson III sold 8,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $24.39, for a total transaction of $195,120.00. Following the completion of the sale, the chief executive officer now directly owns 19,247 shares in the company, valued at $469,434.33. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.

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About Seacoast Banking Corporation of Florida

Seacoast Banking Corporation of Florida is a bank holding company. The Company’s principal subsidiary is Seacoast National Bank, a national banking association (the Bank). 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 to its customers.

Insider Buying and Selling by Quarter for Seacoast Banking Corporation of Florida (NASDAQ:SBCF)

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