Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) have been given an average recommendation of “Hold” by the nine analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $32.50.

A number of research firms recently weighed in on SBCF. BidaskClub cut shares of Seacoast Banking Co. of Florida from a “hold” rating to a “sell” rating in a report on Saturday, September 29th. Zacks Investment Research raised shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a report on Friday, September 28th. ValuEngine cut shares of Seacoast Banking Co. of Florida from a “buy” rating to a “hold” rating in a report on Monday, September 24th. B. Riley dropped their price objective on shares of Seacoast Banking Co. of Florida from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, July 31st. Finally, Sandler O’Neill set a $31.00 price objective on shares of Seacoast Banking Co. of Florida and gave the stock a “hold” rating in a report on Saturday, July 28th.

Shares of Seacoast Banking Co. of Florida stock traded down $0.04 during trading hours on Monday, reaching $27.95. The company’s stock had a trading volume of 9,700 shares, compared to its average volume of 353,367. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 0.84. Seacoast Banking Co. of Florida has a one year low of $22.42 and a one year high of $34.95. The company has a market cap of $1.38 billion, a P/E ratio of 21.84 and a beta of 0.54.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last posted its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.05). Seacoast Banking Co. of Florida had a return on equity of 10.36% and a net margin of 22.34%. The business had revenue of $62.98 million during the quarter, compared to the consensus estimate of $64.78 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. As a group, sell-side analysts predict that Seacoast Banking Co. of Florida will post 1.63 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC acquired a new stake in shares of Seacoast Banking Co. of Florida in the 2nd quarter worth about $212,000. Amalgamated Bank acquired a new stake in shares of Seacoast Banking Co. of Florida in the 2nd quarter worth about $216,000. Aperio Group LLC acquired a new stake in shares of Seacoast Banking Co. of Florida in the 2nd quarter worth about $221,000. United Services Automobile Association acquired a new stake in shares of Seacoast Banking Co. of Florida in the 2nd quarter worth about $232,000. Finally, Raymond James & Associates acquired a new position in Seacoast Banking Co. of Florida during the 2nd quarter valued at about $259,000. 84.22% of the stock is currently owned by institutional investors and hedge funds.

Seacoast Banking Co. of Florida Company Profile

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to business and retail customers in Florida. It offers commercial and retail banking, wealth management, and mortgage services; automated teller machines; online and mobile banking services; and brokerage and annuity services.

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Analyst Recommendations for Seacoast Banking Co. of Florida (NASDAQ:SBCF)

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