Seacoast Banking Co. of Florida (NASDAQ:SBCF) Price Target Raised to $29.00

Seacoast Banking Co. of Florida (NASDAQ:SBCF) had its price objective raised by Stephens from $28.00 to $29.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Other equities research analysts also recently issued research reports about the stock. Raymond James reaffirmed an “outperform” rating and set a $31.00 price target (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Seacoast Banking Co. of Florida currently has an average rating of “Hold” and a consensus target price of $30.00.

Seacoast Banking Co. of Florida Price Performance

Shares of NASDAQ SBCF opened at $27.03 on Monday. The firm has a market capitalization of $2.31 billion, a P/E ratio of 18.90 and a beta of 1.08. Seacoast Banking Co. of Florida has a one year low of $21.90 and a one year high of $31.68. The company’s fifty day moving average is $27.80 and its two-hundred day moving average is $27.78. 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 released its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.48 EPS 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%. Analysts forecast that Seacoast Banking Co. of Florida will post 1.71 EPS for the current fiscal year.

Seacoast Banking Co. of Florida Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, March 14th. Seacoast Banking Co. of Florida’s payout ratio is presently 50.35%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SBCF. Creative Planning bought a new position in Seacoast Banking Co. of Florida in the 3rd quarter worth $231,000. Versor Investments LP raised its holdings in Seacoast Banking Co. of Florida by 26.7% in the 3rd quarter. Versor Investments LP now owns 14,700 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 3,100 shares during the period. GSA Capital Partners LLP bought a new position in Seacoast Banking Co. of Florida in the 3rd quarter worth $368,000. Aptus Capital Advisors LLC raised its holdings in Seacoast Banking Co. of Florida by 23.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 221,281 shares of the financial services provider’s stock worth $5,897,000 after acquiring an additional 41,452 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Seacoast Banking Co. of Florida by 4.9% in the 3rd quarter. Victory Capital Management Inc. now owns 34,933 shares of the financial services provider’s stock worth $931,000 after acquiring an additional 1,636 shares during the period. Institutional investors own 81.77% of the company’s stock.

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.