BidaskClub upgraded shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) from a sell rating to a hold rating in a research report report published on Thursday.

Several other research analysts have also commented on the stock. Zacks Investment Research raised shares of Seacoast Banking Co. of Florida from a sell rating to a hold rating in a research note on Saturday, January 26th. FIG Partners lowered shares of Seacoast Banking Co. of Florida from an outperform rating to a market perform rating in a research note on Friday, January 25th. Finally, Hovde Group lowered shares of Seacoast Banking Co. of Florida from an outperform rating to a market perform rating in a research note on Wednesday, January 2nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Seacoast Banking Co. of Florida currently has an average rating of Hold and an average target price of $33.75.

SBCF stock opened at $28.84 on Thursday. Seacoast Banking Co. of Florida has a fifty-two week low of $21.74 and a fifty-two week high of $34.95. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $1.36 billion, a P/E ratio of 17.80 and a beta of 0.69.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last posted its earnings results on Thursday, January 24th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. Seacoast Banking Co. of Florida had a net margin of 23.08% and a return on equity of 10.49%. The firm had revenue of $72.70 million during the quarter, compared to analyst estimates of $72.01 million. During the same period last year, the firm posted $0.37 earnings per share. Seacoast Banking Co. of Florida’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts predict that Seacoast Banking Co. of Florida will post 1.98 earnings per share for the current year.

In other news, EVP Charles K. Jr. Cross sold 4,812 shares of the business’s stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $28.31, for a total transaction of $136,227.72. Following the completion of the sale, the executive vice president now directly owns 17,287 shares of the company’s stock, valued at $489,394.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles M. Shaffer sold 4,414 shares of the business’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $27.50, for a total transaction of $121,385.00. Following the sale, the executive vice president now directly owns 14,881 shares of the company’s stock, valued at $409,227.50. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of Montreal Can raised its holdings in shares of Seacoast Banking Co. of Florida by 16.0% in the fourth quarter. Bank of Montreal Can now owns 3,120 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 431 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Seacoast Banking Co. of Florida by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 17,306 shares of the financial services provider’s stock valued at $450,000 after acquiring an additional 674 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Seacoast Banking Co. of Florida by 35.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,723 shares of the financial services provider’s stock valued at $71,000 after acquiring an additional 716 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of Seacoast Banking Co. of Florida by 5.5% in the fourth quarter. New York State Teachers Retirement System now owns 21,284 shares of the financial services provider’s stock valued at $554,000 after acquiring an additional 1,104 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. raised its holdings in shares of Seacoast Banking Co. of Florida by 11.7% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 12,108 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 1,271 shares in the last quarter. 87.12% of the stock is owned by hedge funds and other institutional investors.

About Seacoast Banking Co. of Florida

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to business and retail customers in Florida. It offers commercial and retail banking, wealth management, and mortgage services; automated teller machines; online and mobile banking services; and brokerage and annuity services.

Featured Story: What type of investment options does a Roth IRA provide?

Analyst Recommendations for Seacoast Banking Co. of Florida (NASDAQ:SBCF)

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