Hovde Group set a $27.00 price target on Seacoast Banking Corporation of Florida (NASDAQ:SBCF) in a research report report published on Wednesday, January 3rd. The firm currently has a hold rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the stock. FBR & Co reaffirmed a buy rating on shares of Seacoast Banking Corporation of Florida in a research report on Friday, October 27th. Zacks Investment Research raised shares of Seacoast Banking Corporation of Florida from a hold rating to a buy rating and set a $29.00 price target for the company in a research report on Saturday, December 30th. Finally, BidaskClub lowered shares of Seacoast Banking Corporation of Florida from a buy rating to a hold rating in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of $28.17.

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Seacoast Banking Corporation of Florida (SBCF) opened at $26.17 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.77. Seacoast Banking Corporation of Florida has a 1-year low of $20.58 and a 1-year high of $27.50. The stock has a market cap of $1,134.36, a PE ratio of 20.53 and a beta of 0.77.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Seacoast Banking Corporation of Florida had a net margin of 17.14% and a return on equity of 9.92%. The business had revenue of $74.87 million for the quarter, compared to analysts’ expectations of $67.93 million. During the same period last year, the business earned $0.30 EPS. The company’s revenue was up 58.1% compared to the same quarter last year. equities analysts anticipate that Seacoast Banking Corporation of Florida will post 1.85 earnings per share for the current year.

In other Seacoast Banking Corporation of Florida news, CEO Dennis S. Hudson III sold 8,000 shares of Seacoast Banking Corporation of Florida 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 sale, the chief executive officer now owns 19,247 shares of the company’s stock, valued at approximately $469,434.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dennis S. Hudson III sold 2,300 shares of Seacoast Banking Corporation of Florida stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $24.22, for a total transaction of $55,706.00. Following the sale, the chief executive officer now directly owns 19,247 shares in the company, valued at approximately $466,162.34. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its holdings in shares of Seacoast Banking Corporation of Florida by 3,190.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,278 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 4,148 shares during the period. Magnetar Financial LLC purchased a new position in shares of Seacoast Banking Corporation of Florida during the 3rd quarter worth $203,000. SG Americas Securities LLC purchased a new position in shares of Seacoast Banking Corporation of Florida during the 3rd quarter worth $211,000. Legal & General Group Plc raised its holdings in shares of Seacoast Banking Corporation of Florida by 38.1% during the 2nd quarter. Legal & General Group Plc now owns 10,015 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 2,761 shares during the period. Finally, Virtu KCG Holdings LLC purchased a new position in shares of Seacoast Banking Corporation of Florida during the 2nd quarter worth $277,000. 79.61% of the stock is currently owned by institutional investors.

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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.

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

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