Seacoast Banking Corporation of Florida (NASDAQ:SBCF) – Analysts at SunTrust Banks lowered their Q1 2018 earnings estimates for shares of Seacoast Banking Corporation of Florida in a research report issued to clients and investors on Monday. SunTrust Banks analyst M. Young now anticipates that the financial services provider will earn $0.39 per share for the quarter, down from their previous forecast of $0.43. SunTrust Banks also issued estimates for Seacoast Banking Corporation of Florida’s Q2 2018 earnings at $0.44 EPS and Q4 2018 earnings at $0.49 EPS.

A number of other equities analysts also recently issued reports on SBCF. FBR & Co reaffirmed a “buy” rating on shares of Seacoast Banking Corporation of Florida in a research report on Friday, October 27th. Zacks Investment Research downgraded Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. BidaskClub downgraded Seacoast Banking Corporation of Florida from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Hovde Group set a $27.00 price target on Seacoast Banking Corporation of Florida and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Finally, Sandler O’Neill set a $27.00 price target on Seacoast Banking Corporation of Florida and gave the stock a “hold” rating in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Seacoast Banking Corporation of Florida presently has a consensus rating of “Buy” and a consensus target price of $28.67.

Seacoast Banking Corporation of Florida (NASDAQ SBCF) opened at $25.79 on Wednesday. The stock has a market capitalization of $1,130.00, a price-to-earnings ratio of 26.32 and a beta of 0.77. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.77. Seacoast Banking Corporation of Florida has a 12-month low of $20.58 and a 12-month high of $27.50.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $74.87 million for the quarter, compared to the consensus estimate of $67.93 million. Seacoast Banking Corporation of Florida had a return on equity of 9.92% and a net margin of 17.14%. The business’s quarterly revenue was up 58.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 earnings per share.

A number of large investors have recently bought and sold shares of the business. Teachers Advisors LLC boosted its holdings in Seacoast Banking Corporation of Florida by 1.3% in the second quarter. Teachers Advisors LLC now owns 85,014 shares of the financial services provider’s stock valued at $2,049,000 after purchasing an additional 1,079 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Seacoast Banking Corporation of Florida by 58.4% in the third quarter. BNP Paribas Arbitrage SA now owns 6,776 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 2,498 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in Seacoast Banking Corporation of Florida by 4.9% in the third quarter. Nationwide Fund Advisors now owns 56,538 shares of the financial services provider’s stock valued at $1,351,000 after purchasing an additional 2,658 shares during the last quarter. Legal & General Group Plc boosted its holdings in Seacoast Banking Corporation of Florida by 38.1% in the second quarter. Legal & General Group Plc now owns 10,015 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 2,761 shares during the last quarter. Finally, Highlander Capital Management LLC boosted its holdings in Seacoast Banking Corporation of Florida by 10.2% in the second quarter. Highlander Capital Management LLC now owns 32,375 shares of the financial services provider’s stock valued at $799,000 after purchasing an additional 3,000 shares during the last quarter. 79.61% of the stock is currently owned by institutional investors.

In related news, CEO Dennis S. Hudson III sold 2,300 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $24.22, for a total value of $55,706.00. Following the transaction, the chief executive officer now directly owns 19,247 shares of the company’s stock, valued at approximately $466,162.34. The transaction was disclosed in a legal filing with the SEC, which is available 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 value of $195,120.00. Following the completion of the transaction, the chief executive officer now directly owns 19,247 shares in the company, valued at $469,434.33. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Q1 2018 EPS Estimates for Seacoast Banking Corporation of Florida (SBCF) Reduced by Analyst” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/q1-2018-eps-estimates-for-seacoast-banking-corporation-of-florida-sbcf-reduced-by-analyst/1836580.html.

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.

Earnings History and Estimates for Seacoast Banking Corporation of Florida (NASDAQ:SBCF)

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