SCBT Financial Corp. Reaches New 12-Month High at $57.02 (SCBT)
SCBT Financial Corp. (NASDAQ:SCBT)’s share price reached a new 52-week high during mid-day trading on Monday, Analyst Ratings Network.com reports. The stock traded as high as $57.02 and last traded at $56.91, with a volume of 17,620 shares traded. The stock had previously closed at $56.29.
Several analysts have recently commented on the stock. Analysts at SunTrust raised their price target on shares of SCBT Financial Corp. (NASDAQ:SCBT) from $48.00 to $54.00 in a research note to investors on Thursday, August 22nd. They now have a “buy” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of SCBT Financial Corp. (NASDAQ:SCBT) from $53.00 to $58.00 in a research note to investors on Monday, July 29th. They now have an “outperform” rating on the stock. Finally, analysts at BB&T Corp. downgraded shares of SCBT Financial Corp. (NASDAQ:SCBT) from a “buy” rating to a “hold” rating in a research note to investors on Friday, July 19th. They now have a $52.00 price target on the stock. They noted that the move was a valuation call.
One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $55.60.
SCBT Financial Corp. has a 52-week low of $36.90 and a 52-week high of $57.02. The stock’s 50-day moving average is $54.94 and its 200-day moving average is $51.46. The company has a market cap of $951.0 million and a P/E ratio of 23.83.
SCBT Financial Corp. (NASDAQ:SCBT) last released its earnings data on Friday, July 26th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.02. During the same quarter in the previous year, the company posted $0.55 earnings per share. On average, analysts predict that SCBT Financial Corp. will post $2.96 earnings per share for the current fiscal year.
SCBT Financial Corporation (NASDAQ:SCBT) a bank holding company.
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