Seacoast Banking Co. of Florida (NASDAQ:SBCF) Stock Rating Upgraded by StockNews.com

Seacoast Banking Co. of Florida (NASDAQ:SBCF) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

SBCF has been the topic of several other reports. Stephens increased their price objective on shares of Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Monday, March 3rd. Raymond James reissued an “outperform” rating and issued 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Seacoast Banking Co. of Florida has a consensus rating of “Hold” and an average target price of $30.00.

Seacoast Banking Co. of Florida Trading Up 0.1 %

Shares of NASDAQ SBCF opened at $22.04 on Friday. Seacoast Banking Co. of Florida has a 1-year low of $21.36 and a 1-year high of $31.68. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $26.51 and a two-hundred day moving average of $27.38. The company has a market cap of $1.89 billion, a PE ratio of 15.41 and a beta of 0.97.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, equities analysts expect that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Seacoast Banking Co. of Florida

Institutional investors and hedge funds have recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new position in Seacoast Banking Co. of Florida during the first quarter worth about $263,000. GAMMA Investing LLC lifted its holdings in shares of Seacoast Banking Co. of Florida by 3,451.2% during the 1st quarter. GAMMA Investing LLC now owns 42,969 shares of the financial services provider’s stock valued at $1,106,000 after purchasing an additional 41,759 shares in the last quarter. Moody National Bank Trust Division grew its position in shares of Seacoast Banking Co. of Florida by 9.8% in the 1st quarter. Moody National Bank Trust Division now owns 41,060 shares of the financial services provider’s stock valued at $1,056,000 after purchasing an additional 3,672 shares during the period. Jefferies Financial Group Inc. bought a new stake in Seacoast Banking Co. of Florida during the 4th quarter worth approximately $4,866,000. Finally, Mackenzie Financial Corp acquired a new stake in Seacoast Banking Co. of Florida during the 4th quarter worth approximately $637,000. Institutional investors and hedge funds 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.