Seacoast Banking Corporation of Florida (SBCF) Receiving Somewhat Favorable Press Coverage, Report Finds

Media headlines about Seacoast Banking Corporation of Florida (NASDAQ:SBCF) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Seacoast Banking Corporation of Florida earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.3603622223213 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) opened at $25.89 on Thursday. Seacoast Banking Corporation of Florida has a 1-year low of $20.58 and a 1-year high of $27.13. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $1,110.00, a price-to-earnings ratio of 26.42 and a beta of 0.77.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm 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 9.37% and a net margin of 18.48%. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. equities analysts expect that Seacoast Banking Corporation of Florida will post 1.24 earnings per share for the current year.

Several research analysts have issued reports on SBCF shares. FBR & Co reaffirmed a “buy” rating on shares of Seacoast Banking Corporation of Florida in a report on Friday, October 27th. BidaskClub downgraded Seacoast Banking Corporation of Florida from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research downgraded Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Hovde Group set a $27.00 price objective on Seacoast Banking Corporation of Florida and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Finally, Sandler O’Neill set a $27.00 price objective on Seacoast Banking Corporation of Florida and gave the stock a “hold” rating in a report on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Seacoast Banking Corporation of Florida has a consensus rating of “Buy” and an average target price of $27.00.

In other Seacoast Banking Corporation of Florida news, CEO Dennis S. Hudson III sold 2,300 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $24.22, for a total transaction of $55,706.00. Following the completion of the sale, the chief executive officer now owns 19,247 shares in the company, valued at approximately $466,162.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dennis S. Hudson III sold 8,000 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $24.39, for a total transaction of $195,120.00. Following the sale, the chief executive officer now owns 19,247 shares of the company’s stock, valued at approximately $469,434.33. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Seacoast Banking Corporation of Florida (NASDAQ:SBCF)

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