Seacoast Banking Corp. Of Florida (NASDAQ:SBCF) shares traded -1.10% lower at $22.41 on Wall Street last session.
SBCF stock price is now -4.00% away from the 50-day moving average and -6.24% away from the 200-day moving average. The market capitalization of the company currently stands at $1.90B.
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With the price target maintained at $27, Keefe Bruyette recently Upgraded its rating from Mkt Perform to Outperform for Seacoast Banking Corp. Of Florida (NASDAQ: SBCF). On April 29, 2024, Hovde Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $31 to quote $29, while ‘Truist’ rates the stock as ‘Hold’
In other news, STALLINGS JAMES C III, EVP, Chief Credit Officer sold 3,855 shares of the company’s stock on May 06 ’24. The stock was sold for $94,204 at an average price of $24.44. Upon completion of the transaction, the EVP, Chief Credit Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 31 ’23, Director Lipstein Robert J bought 1,250 shares of the business’s stock. A total of $24,987 was incurred on buying the stock at an average price of $19.99. This leaves the insider owning 15,165 shares of the company worth $0.34 million. A total of 1.89% of the company’s stock is owned by insiders.
During the past 12 months, Seacoast Banking Corp. Of Florida has had a low of $19.04 and a high of $29.98. According to the stock market information, the enterprise value for the company is $1734012928, which is based on a 16.20 price-to-earnings ratio, a 1.80 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for SBCF is $23.3062 and a two-hundred day moving average price translates $23.89655 for the stock.
The latest earnings results from Seacoast Banking Corp. Of Florida (NASDAQ: SBCF) was released for 2024-03-31. The net profit margin was 15.09% and return on equity was 5.67% for SBCF. The company reported revenue of $175.71 million for the quarter, compared to $157.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.21 percent.
