Seacoast Banking Corporation of Florida (SBCF) Given News Impact Score of 0.20

News stories about Seacoast Banking Corporation of Florida (NASDAQ:SBCF) have trended somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Seacoast Banking Corporation of Florida earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.6263588008999 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

SBCF has been the topic of several research reports. FBR & Co restated a “buy” rating and issued a $27.00 target price on shares of Seacoast Banking Corporation of Florida in a research note on Tuesday, September 5th. BidaskClub upgraded Seacoast Banking Corporation of Florida from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research cut Seacoast Banking Corporation of Florida from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Seacoast Banking Corporation of Florida currently has a consensus rating of “Buy” and an average target price of $24.67.

Shares of Seacoast Banking Corporation of Florida (NASDAQ SBCF) opened at 24.19 on Wednesday. Seacoast Banking Corporation of Florida has a 1-year low of $16.09 and a 1-year high of $25.88. The company has a market cap of $1.04 billion, a PE ratio of 26.91 and a beta of 0.76. The firm has a 50-day moving average price of $23.04 and a 200 day moving average price of $23.55.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.29 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.29. Seacoast Banking Corporation of Florida had a return on equity of 9.20% and a net margin of 17.09%. The company had revenue of $54.60 million for the quarter, compared to analyst estimates of $53.90 million. During the same quarter last year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. On average, equities analysts anticipate that Seacoast Banking Corporation of Florida will post $1.23 earnings per share for the current year.

In other Seacoast Banking Corporation of Florida news, Director Roger Goldman sold 2,200 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $24.11, for a total value of $53,042.00. Following the completion of the sale, the director now directly owns 20,072 shares of the company’s stock, valued at $483,935.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of international trademark and copyright law. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/18/seacoast-banking-corporation-of-florida-sbcf-given-news-impact-score-of-0-20.html.

About Seacoast Banking Corporation of Florida

Seacoast Banking Corporation of Florida is a bank holdin

SBCF has been the topic of several research reports. FBR & Co restated a “buy” rating and issued a $27.00 target price on shares of Seacoast Banking Corporation of Florida in a research note on Tuesday, September 5th. BidaskClub upgraded Seacoast Banking Corporation of Florida from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research cut Seacoast Banking Corporation of Florida from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Seacoast Banking Corporation of Florida currently has a consensus rating of “Buy” and an average target price of $24.67.

Shares of Seacoast Banking Corporation of Florida (NASDAQ SBCF) opened at 24.19 on Wednesday. Seacoast Banking Corporation of Florida has a 1-year low of $16.09 and a 1-year high of $25.88. The company has a market cap of $1.04 billion, a PE ratio of 26.91 and a beta of 0.76. The firm has a 50-day moving average price of $23.04 and a 200 day moving average price of $23.55.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.29 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.29. Seacoast Banking Corporation of Florida had a return on equity of 9.20% and a net margin of 17.09%. The company had revenue of $54.60 million for the quarter, compared to analyst estimates of $53.90 million. During the same quarter last year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. On average, equities analysts anticipate that Seacoast Banking Corporation of Florida will post $1.23 earnings per share for the current year.

In other Seacoast Banking Corporation of Florida news, Director Roger Goldman sold 2,200 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $24.11, for a total value of $53,042.00. Following the completion of the sale, the director now directly owns 20,072 shares of the company’s stock, valued at $483,935.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of international trademark and copyright law. The correct version of this piece can be accessed at https://ledgergazette.com/2017/10/18/seacoast-banking-corporation-of-florida-sbcf-given-news-impact-score-of-0-20.html.

About Seacoast Banking Corporation of Florida

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.

Insider Buying and Selling by Quarter for Seacoast Banking Corporation of Florida (NASDAQ:SBCF)

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