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

Shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) have been given a consensus recommendation of “Hold” by the five analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $30.00.

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

SBCF stock opened at $26.20 on Thursday. Seacoast Banking Co. of Florida has a 1 year low of $21.90 and a 1 year high of $31.68. The firm has a market capitalization of $2.24 billion, a PE ratio of 18.32 and a beta of 1.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day simple moving average of $27.55 and a 200-day simple moving average of $27.69.

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

Seacoast Banking Co. of Florida Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.18 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.72 annualized dividend and a yield of 2.75%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is presently 50.35%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SBCF. GSA Capital Partners LLP acquired a new position in Seacoast Banking Co. of Florida in the 3rd quarter valued at about $368,000. Victory Capital Management Inc. grew its holdings in shares of Seacoast Banking Co. of Florida by 4.9% in the third quarter. Victory Capital Management Inc. now owns 34,933 shares of the financial services provider’s stock valued at $931,000 after purchasing an additional 1,636 shares in the last quarter. KBC Group NV increased its stake in Seacoast Banking Co. of Florida by 30.0% during the 3rd quarter. KBC Group NV now owns 3,326 shares of the financial services provider’s stock worth $89,000 after buying an additional 768 shares during the period. CIBC Asset Management Inc acquired a new stake in Seacoast Banking Co. of Florida during the 3rd quarter worth approximately $211,000. Finally, Natixis Advisors LLC boosted its position in Seacoast Banking Co. of Florida by 4.4% in the 3rd quarter. Natixis Advisors LLC now owns 34,843 shares of the financial services provider’s stock valued at $929,000 after buying an additional 1,462 shares during the period. 81.77% of the stock is currently 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.