Seacoast Banking Corporation of Florida (NASDAQ:SBCF) – Stock analysts at B. Riley raised their FY2018 earnings per share estimates for Seacoast Banking Corporation of Florida in a report released on Thursday. B. Riley analyst S. Moss now forecasts that the financial services provider will post earnings per share of $1.80 for the year, up from their previous forecast of $1.55. B. Riley also issued estimates for Seacoast Banking Corporation of Florida’s FY2019 earnings at $2.10 EPS.

A number of other brokerages have also recently commented on SBCF. Hovde Group restated a “hold” rating on shares of Seacoast Banking Corporation of Florida in a research report on Friday, January 12th. Sandler O’Neill upgraded Seacoast Banking Corporation of Florida from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Thursday, January 11th. BidaskClub cut Seacoast Banking Corporation of Florida from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded Seacoast Banking Corporation of Florida from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Saturday, December 30th. Finally, FBR & Co restated a “buy” rating on shares of Seacoast Banking Corporation of Florida in a research report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Seacoast Banking Corporation of Florida has a consensus rating of “Buy” and a consensus target price of $27.80.

Shares of Seacoast Banking Corporation of Florida (SBCF) traded up $0.32 during midday trading on Monday, hitting $26.60. The company had a trading volume of 157,678 shares, compared to its average volume of 273,845. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.77. Seacoast Banking Corporation of Florida has a 52 week low of $20.58 and a 52 week high of $27.50. The company has a market capitalization of $1,167.00, a PE ratio of 27.14 and a beta of 0.77.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. Seacoast Banking Corporation of Florida had a return on equity of 9.37% and a net margin of 18.48%. The company had revenue of $57.10 million for the quarter, compared to analysts’ expectations of $57.55 million. During the same quarter last year, the business earned $0.28 earnings per share. Seacoast Banking Corporation of Florida’s revenue was up 20.9% on a year-over-year basis.

Large investors have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC boosted its stake in Seacoast Banking Corporation of Florida by 5.8% in the second quarter. TIAA CREF Investment Management LLC now owns 135,984 shares of the financial services provider’s stock valued at $3,277,000 after buying an additional 7,424 shares in the last quarter. Westpac Banking Corp acquired a new stake in shares of Seacoast Banking Corporation of Florida during the second quarter valued at about $317,000. Dimensional Fund Advisors LP boosted its stake in shares of 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 purchasing an additional 12,918 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Seacoast Banking Corporation of Florida by 24.8% during the second quarter. Northern Trust Corp now owns 452,458 shares of the financial services provider’s stock valued at $10,904,000 after purchasing an additional 89,810 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of Seacoast Banking Corporation of Florida by 9.9% during the second quarter. Nationwide Fund Advisors now owns 53,880 shares of the financial services provider’s stock valued at $1,299,000 after purchasing an additional 4,850 shares in the last quarter. 79.54% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Dennis S. Hudson III sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $24.39, for a total value of $195,120.00. Following the sale, the chief executive officer now directly owns 19,247 shares of the company’s stock, valued at $469,434.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dennis S. Hudson III sold 2,300 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $24.22, for a total value of $55,706.00. Following the completion of the sale, the chief executive officer now directly owns 19,247 shares in the company, valued at $466,162.34. The disclosure for this sale can be found here. Company 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.

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

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