Seacoast Banking Co. of Florida (NASDAQ:SBCF – Free Report) had its target price cut by Keefe, Bruyette & Woods from $28.00 to $26.00 in a research note released on Thursday morning, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.
Several other analysts have also recently commented on the company. Hovde Group decreased their target price on Seacoast Banking Co. of Florida from $31.00 to $29.00 and set an outperform rating on the stock in a report on Monday, April 29th. Truist Financial lowered their price objective on shares of Seacoast Banking Co. of Florida from $27.00 to $25.00 and set a hold rating for the company in a research report on Monday, April 29th. Finally, Raymond James boosted their target price on shares of Seacoast Banking Co. of Florida from $23.00 to $27.50 and gave the stock an outperform rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Seacoast Banking Co. of Florida has a consensus rating of Hold and a consensus price target of $26.10.
Check Out Our Latest Analysis on SBCF
Seacoast Banking Co. of Florida Price Performance
Seacoast Banking Co. of Florida Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.72 annualized dividend and a yield of 2.99%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is presently 51.43%.
Institutional Trading of Seacoast Banking Co. of Florida
A number of large investors have recently added to or reduced their stakes in SBCF. GAMMA Investing LLC acquired a new stake in Seacoast Banking Co. of Florida during the 4th quarter valued at $25,000. First Horizon Advisors Inc. boosted its holdings in shares of Seacoast Banking Co. of Florida by 39.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,827 shares of the financial services provider’s stock worth $40,000 after buying an additional 520 shares during the period. Good Life Advisors LLC bought a new stake in shares of Seacoast Banking Co. of Florida during the 4th quarter worth about $205,000. Janney Montgomery Scott LLC grew its stake in Seacoast Banking Co. of Florida by 6.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,127 shares of the financial services provider’s stock valued at $206,000 after buying an additional 460 shares during the last quarter. Finally, Xcel Wealth Management LLC bought a new position in Seacoast Banking Co. of Florida in the 4th quarter valued at about $238,000. Institutional investors and hedge funds own 81.77% of the company’s stock.
Seacoast Banking Co. of Florida Company Profile
Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides integrated financial services to retail and commercial customers in Florida. The company offers noninterest and interest-bearing demand deposit, money market, savings, and customer sweep accounts; time certificates of deposit; construction and land development, commercial and residential real estate, and commercial and financial loans; and consumer loans, including installment loans and revolving lines, as well as loans for automobiles, boats, and personal and family purposes.
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