News articles about Seacoast Banking Co. of Florida (NASDAQ:SBCF) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Seacoast Banking Co. of Florida earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.2699075817516 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Several research firms have commented on SBCF. BidaskClub raised Seacoast Banking Co. of Florida from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research lowered Seacoast Banking Co. of Florida from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Hovde Group raised Seacoast Banking Co. of Florida from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $30.00 to $29.00 in a research report on Wednesday, February 7th. Guggenheim reaffirmed a “hold” rating and set a $28.00 price target on shares of Seacoast Banking Co. of Florida in a research report on Wednesday, January 31st. Finally, B. Riley reaffirmed a “buy” rating and set a $30.00 price target on shares of Seacoast Banking Co. of Florida in a research report on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $29.00.

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Seacoast Banking Co. of Florida (SBCF) opened at $28.38 on Monday. The company has a market capitalization of $1,331.52, a P/E ratio of 28.96 and a beta of 0.65. Seacoast Banking Co. of Florida has a 12-month low of $20.58 and a 12-month high of $28.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.81 and a current ratio of 0.82.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. Seacoast Banking Co. of Florida had a return on equity of 9.36% and a net margin of 17.14%. The company had revenue of $74.87 million for the quarter, compared to the consensus estimate of $67.93 million. During the same period last year, the business posted $0.30 EPS. The company’s revenue was up 58.1% on a year-over-year basis. equities analysts expect that Seacoast Banking Co. of Florida will post 1.77 EPS for the current year.

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Seacoast Banking Co. 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.

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