Seacoast Banking Corporation of Florida (SBCF) Given Consensus Recommendation of “Hold” by Analysts

Shares of Seacoast Banking Corporation of Florida (NASDAQ:SBCF) have earned an average rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $23.50.

Several research firms recently weighed in on SBCF. BidaskClub upgraded Seacoast Banking Corporation of Florida from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research downgraded Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, FBR & Co reiterated a “buy” rating on shares of Seacoast Banking Corporation of Florida in a research report on Friday, October 27th.

In other Seacoast Banking Corporation of Florida news, Director Roger Goldman sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $24.11, for a total transaction of $53,042.00. Following the sale, the director now directly owns 20,072 shares of the company’s stock, valued at $483,935.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Seacoast Banking Corporation of Florida by 6.7% during the second quarter. Vanguard Group Inc. now owns 1,629,756 shares of the financial services provider’s stock valued at $39,277,000 after acquiring an additional 101,925 shares during the period. Dimensional Fund Advisors LP raised its holdings in Seacoast Banking Corporation of Florida by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,321,937 shares of the financial services provider’s stock valued at $31,859,000 after acquiring an additional 12,918 shares during the period. State Street Corp raised its holdings in Seacoast Banking Corporation of Florida by 26.0% during the second quarter. State Street Corp now owns 1,212,356 shares of the financial services provider’s stock valued at $29,218,000 after acquiring an additional 250,322 shares during the period. Lord Abbett & CO. LLC raised its holdings in Seacoast Banking Corporation of Florida by 44.4% during the second quarter. Lord Abbett & CO. LLC now owns 1,004,387 shares of the financial services provider’s stock valued at $24,206,000 after acquiring an additional 308,644 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Seacoast Banking Corporation of Florida by 3.9% during the second quarter. Bank of New York Mellon Corp now owns 989,907 shares of the financial services provider’s stock valued at $23,856,000 after acquiring an additional 37,305 shares during the period. 77.51% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Seacoast Banking Corporation of Florida (SBCF) Given Consensus Recommendation of “Hold” by Analysts” was reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another publication, it was copied illegally and republished in violation of international copyright law. The original version of this news story can be viewed at https://www.com-unik.info/2017/11/03/seacoast-banking-corporation-of-florida-sbcf-given-consensus-recommendation-of-hold-by-analysts.html.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $57.10 million for the quarter, compared to the consensus estimate of $57.55 million. Seacoast Banking Corporation of Florida had a return on equity of 9.78% and a net margin of 18.48%. Seacoast Banking Corporation of Florida’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share.

Seacoast Banking Corporation of Florida Company Profile

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)

What are top analysts saying about Seacoast Banking Corporation of Florida? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Seacoast Banking Corporation of Florida and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit