Seacoast Banking Co. of Florida (NASDAQ:SBCF) Given Average Rating of “Hold” by Analysts

Seacoast Banking Co. of Florida (NASDAQ:SBCF) has been assigned an average rating of “Hold” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $30.00.

A number of brokerages recently commented on SBCF. StockNews.com upgraded shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research report on Wednesday, January 29th. Stephens raised their price objective on shares of Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Monday, March 3rd. Finally, Raymond James restated an “outperform” rating and issued a $31.00 price objective (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a research report on Wednesday, January 29th.

Seacoast Banking Co. of Florida Price Performance

Shares of SBCF opened at $26.32 on Thursday. Seacoast Banking Co. of Florida has a fifty-two week low of $21.90 and a fifty-two week high of $31.68. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 18.41 and a beta of 1.09. The firm has a 50-day simple moving average of $27.56 and a 200-day simple moving average of $27.72. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its earnings results on Monday, January 27th. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.15. Seacoast Banking Co. of Florida had a net margin of 14.95% and a return on equity of 5.91%. On average, equities research analysts anticipate that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current year.

Seacoast Banking Co. of Florida Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.74%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is 50.35%.

Institutional Trading of Seacoast Banking Co. of Florida

Several hedge funds and other institutional investors have recently bought and sold shares of SBCF. Smartleaf Asset Management LLC grew its stake in Seacoast Banking Co. of Florida by 154.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,120 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 679 shares during the period. Kestra Investment Management LLC purchased a new stake in Seacoast Banking Co. of Florida in the 4th quarter worth approximately $34,000. Sterling Capital Management LLC grew its stake in Seacoast Banking Co. of Florida by 811.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,662 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 2,370 shares during the period. Venturi Wealth Management LLC purchased a new stake in Seacoast Banking Co. of Florida in the 4th quarter worth approximately $76,000. Finally, KBC Group NV grew its stake in Seacoast Banking Co. of Florida by 30.0% in the 3rd quarter. KBC Group NV now owns 3,326 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 768 shares during the period. 81.77% of the stock is owned by hedge funds and other institutional investors.

Seacoast Banking Co. of Florida Company Profile

Seacoast Banking Corp. of Florida is a financial holding company, which engages in the provision of integrated financial services. It provides banking and investment services to businesses and consumers, including personal and business deposit products, Internet and mobile banking, personal, commercial and mortgage loans, wealth management services, and treasury management solutions.