Media headlines about Seacoast Banking Co. of Florida (NASDAQ:SBCF) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Seacoast Banking Co. of Florida earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.571579869195 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
Several brokerages have recently commented on SBCF. Sandler O’Neill upgraded shares of Seacoast Banking Co. of Florida from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Thursday, January 11th. Hovde Group upgraded shares of Seacoast Banking Co. of Florida from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $30.00 to $29.00 in a research report on Wednesday, February 7th. B. Riley restated a “buy” rating and set a $30.00 price objective on shares of Seacoast Banking Co. of Florida in a research report on Friday, January 26th. BidaskClub upgraded shares of Seacoast Banking Co. of Florida from a “hold” rating to a “buy” rating in a research report on Friday, March 9th. Finally, Zacks Investment Research upgraded shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research report on Tuesday, April 3rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $29.00.
NASDAQ SBCF traded down $0.73 on Friday, reaching $26.47. The company had a trading volume of 267,599 shares, compared to its average volume of 335,764. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.81 and a current ratio of 0.82. The company has a market cap of $1,241.92, a P/E ratio of 20.68 and a beta of 0.65. Seacoast Banking Co. of Florida has a 12 month low of $20.58 and a 12 month high of $28.44.
Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $74.87 million for the quarter, compared to the consensus estimate of $67.93 million. Seacoast Banking Co. of Florida had a net margin of 17.14% and a return on equity of 9.36%. Seacoast Banking Co. of Florida’s revenue for the quarter was up 58.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. analysts forecast that Seacoast Banking Co. of Florida will post 1.77 EPS for the current fiscal year.
In other Seacoast Banking Co. of Florida news, Director Roger Goldman sold 6,407 shares of Seacoast Banking Co. of Florida stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $27.41, for a total value of $175,615.87. Following the sale, the director now directly owns 23,572 shares in the company, valued at approximately $646,108.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.
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Seacoast Banking Co. of Florida Company Profile
Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to business and retail customers in Florida. It offers commercial and retail banking, wealth management, and mortgage services; automated teller machines; online and mobile banking services; and brokerage and annuity services.
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