Seacoast Banking Co. of Florida (NASDAQ:SBCF) Given a $30.00 Price Target at B. Riley

B. Riley set a $30.00 target price on Seacoast Banking Co. of Florida (NASDAQ:SBCF) in a research note published on Thursday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the financial services provider’s stock. B. Riley also issued estimates for Seacoast Banking Co. of Florida’s Q4 2019 earnings at $0.51 EPS, Q2 2020 earnings at $0.52 EPS, Q3 2020 earnings at $0.55 EPS, Q4 2020 earnings at $0.55 EPS and FY2020 earnings at $2.10 EPS.

A number of other analysts have also weighed in on SBCF. Hovde Group upgraded shares of Seacoast Banking Co. of Florida from an underperform rating to a market perform rating in a report on Tuesday, May 14th. Zacks Investment Research upgraded shares of HB Fuller from a sell rating to a hold rating in a report on Wednesday, July 3rd. BidaskClub lowered shares of Xencor from a sell rating to a strong sell rating in a report on Tuesday, June 11th. Raymond James set a $29.00 target price on shares of Seacoast Banking Co. of Florida and gave the stock a buy rating in a report on Friday, June 21st. Finally, ValuEngine upgraded shares of Westpac Banking from a sell rating to a hold rating in a report on Wednesday, May 22nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Seacoast Banking Co. of Florida has an average rating of Hold and a consensus price target of $29.90.

Shares of NASDAQ:SBCF traded up $0.15 on Thursday, reaching $25.75. 3,759 shares of the company traded hands, compared to its average volume of 215,840. The business has a 50-day simple moving average of $24.44. Seacoast Banking Co. of Florida has a 52 week low of $21.74 and a 52 week high of $33.47. The stock has a market capitalization of $1.30 billion, a PE ratio of 15.97 and a beta of 0.92. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.87 and a quick ratio of 0.87.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.47. The firm had revenue of $73.61 million for the quarter, compared to analysts’ expectations of $74.28 million. Seacoast Banking Co. of Florida had a return on equity of 10.47% and a net margin of 23.29%. During the same period last year, the firm earned $0.40 earnings per share. On average, analysts expect that Seacoast Banking Co. of Florida will post 1.97 earnings per share for the current fiscal year.

In other news, EVP Juliette Kleffel sold 4,433 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $24.13, for a total transaction of $106,968.29. Following the completion of the sale, the executive vice president now directly owns 4,730 shares in the company, valued at $114,134.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.70% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can lifted its holdings in Seacoast Banking Co. of Florida by 16.5% in the first quarter. Bank of Montreal Can now owns 3,636 shares of the financial services provider’s stock worth $96,000 after buying an additional 516 shares during the period. Chatham Capital Group Inc. lifted its holdings in shares of Seacoast Banking Co. of Florida by 0.7% during the first quarter. Chatham Capital Group Inc. now owns 77,268 shares of the financial services provider’s stock valued at $2,036,000 after purchasing an additional 532 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in shares of Seacoast Banking Co. of Florida by 3.5% during the first quarter. Mason Street Advisors LLC now owns 16,481 shares of the financial services provider’s stock valued at $434,000 after purchasing an additional 559 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its holdings in shares of Seacoast Banking Co. of Florida by 5.3% during the first quarter. Piedmont Investment Advisors Inc. now owns 12,747 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 639 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of Seacoast Banking Co. of Florida by 1.6% during the first quarter. Comerica Bank now owns 50,886 shares of the financial services provider’s stock valued at $1,391,000 after purchasing an additional 819 shares during the last quarter. Institutional investors and hedge funds own 83.94% of the company’s stock.

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 retail and commercial customers in Florida. The company offers commercial and retail banking, wealth management, and treasury management services, as well as home mortgage products; and brokerage and annuity services.

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

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