Seacoast Banking Corp. of Florida (NASDAQ:SBCF) – SunTrust Banks boosted their Q3 2017 earnings estimates for shares of Seacoast Banking Corp. of Florida in a research report issued on Monday. SunTrust Banks analyst M. Young now expects that the brokerage will post earnings per share of $0.32 for the quarter, up from their previous forecast of $0.31. SunTrust Banks also issued estimates for Seacoast Banking Corp. of Florida’s Q4 2017 earnings at $0.33 EPS, FY2017 earnings at $1.22 EPS and FY2018 earnings at $1.38 EPS.

Seacoast Banking Corp. of Florida (NASDAQ:SBCF) last posted its earnings results on Wednesday, October 26th. The financial services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The company earned $47.21 million during the quarter, compared to the consensus estimate of $47.20 million. Seacoast Banking Corp. of Florida had a net margin of 13.51% and a return on equity of 7.99%. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 earnings per share.

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

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Seacoast Banking Corp. of Florida from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Friday, August 5th. FBR & Co reissued a “buy” rating and set a $20.00 price target on shares of Seacoast Banking Corp. of Florida in a research report on Friday, July 29th. FIG Partners cut shares of Seacoast Banking Corp. of Florida from an “outperform” rating to a “market perform” rating in a research report on Monday, November 7th. Hovde Group cut shares of Seacoast Banking Corp. of Florida from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 6th. Finally, Keefe, Bruyette & Woods raised shares of Seacoast Banking Corp. of Florida from a “market perform” rating to an “outperform” rating and increased their price target for the company from $18.00 to $20.00 in a research report on Thursday, September 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $18.85.

Seacoast Banking Corp. of Florida (NASDAQ:SBCF) traded up 0.92% during midday trading on Wednesday, hitting $18.61. 231,321 shares of the stock traded hands. The stock has a market capitalization of $698.79 million, a P/E ratio of 27.82 and a beta of 0.79. Seacoast Banking Corp. of Florida has a 52 week low of $13.40 and a 52 week high of $18.85. The stock’s 50-day moving average price is $16.98 and its 200-day moving average price is $16.54.

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in Seacoast Banking Corp. of Florida by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 10,978 shares of the financial services provider’s stock valued at $178,000 after buying an additional 109 shares in the last quarter. Commonwealth Equity Services Inc boosted its stake in Seacoast Banking Corp. of Florida by 11.5% in the second quarter. Commonwealth Equity Services Inc now owns 11,646 shares of the financial services provider’s stock valued at $189,000 after buying an additional 1,200 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Seacoast Banking Corp. of Florida by 33.3% in the second quarter. Janney Montgomery Scott LLC now owns 13,600 shares of the financial services provider’s stock valued at $204,000 after buying an additional 3,400 shares in the last quarter. BlackRock Inc. boosted its stake in Seacoast Banking Corp. of Florida by 721.1% in the second quarter. BlackRock Inc. now owns 13,285 shares of the financial services provider’s stock valued at $216,000 after buying an additional 11,667 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Seacoast Banking Corp. of Florida during the second quarter valued at approximately $237,000. 51.84% of the stock is owned by hedge funds and other institutional investors.

Seacoast Banking Corp. 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 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.

5 Day Chart for NASDAQ:SBCF

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