Seacoast Banking Co. of Florida (SBCF) Given a $32.00 Price Target at B. Riley

Seacoast Banking Co. of Florida (NASDAQ:SBCF) has been given a $32.00 price target by B. Riley in a research note issued to investors on Monday. The firm currently has a “buy” rating on the financial services provider’s stock. B. Riley’s price objective indicates a potential upside of 26.93% from the company’s previous close.

Several other research firms have also issued reports on SBCF. Zacks Investment Research upgraded shares of Seacoast Banking Co. of Florida from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Friday, July 13th. BidaskClub lowered shares of Seacoast Banking Co. of Florida from a “strong-buy” rating to a “buy” rating in a report on Friday, July 13th. ValuEngine upgraded shares of Seacoast Banking Co. of Florida from a “hold” rating to a “buy” rating in a report on Thursday, August 23rd. Finally, Sandler O’Neill set a $31.00 target price on shares of Seacoast Banking Co. of Florida and gave the stock a “hold” rating in a report on Saturday, July 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Seacoast Banking Co. of Florida presently has an average rating of “Hold” and a consensus price target of $32.60.

Shares of NASDAQ:SBCF traded up $0.42 on Monday, reaching $25.21. The company’s stock had a trading volume of 471,400 shares, compared to its average volume of 350,868. Seacoast Banking Co. of Florida has a 52-week low of $21.74 and a 52-week high of $34.95. The stock has a market capitalization of $1.17 billion, a P/E ratio of 19.70 and a beta of 0.54. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.45.



Seacoast Banking Co. of Florida (NASDAQ:SBCF) last issued its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.07). Seacoast Banking Co. of Florida had a return on equity of 10.20% and a net margin of 22.30%. The business had revenue of $63.85 million during the quarter, compared to analysts’ expectations of $65.27 million. On average, analysts expect that Seacoast Banking Co. of Florida will post 1.63 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC bought a new stake in shares of Seacoast Banking Co. of Florida in the 2nd quarter worth about $212,000. Amalgamated Bank bought a new stake in Seacoast Banking Co. of Florida during the 2nd quarter valued at about $216,000. Aperio Group LLC bought a new stake in Seacoast Banking Co. of Florida during the 2nd quarter valued at about $221,000. United Services Automobile Association bought a new stake in Seacoast Banking Co. of Florida during the 2nd quarter valued at about $232,000. Finally, Raymond James & Associates bought a new stake in Seacoast Banking Co. of Florida during the 2nd quarter valued at about $259,000. Hedge funds and other institutional investors own 84.16% 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 business and retail customers in Florida. It offers commercial and retail banking, wealth management, and mortgage services; automated teller machines; online and mobile banking services; and brokerage and annuity services.

Recommended Story: Average Daily Trade Volume – What It Means In Stock Trading

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

Receive News & Ratings for Seacoast Banking Co. of Florida Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seacoast Banking Co. of Florida and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply