SCBT Financial Corp. (SCBT) Announces Quarterly Earnings, Beats Estimates By $0.07 EPS
SCBT Financial Corp. (NASDAQ:SCBT) posted its quarterly earnings results on Tuesday. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.07, AnalystRatings.NET reports.
Shares of SCBT Financial Corp. (NASDAQ:SCBT) traded up 1.95% on Tuesday, hitting $56.97. The stock had a trading volume of 39,860 shares. SCBT Financial Corp. has a 52 week low of $36.90 and a 52 week high of $56.37. The stock has a 50-day moving average of $54.86 and a 200-day moving average of $51.35. The company has a market cap of $956.5 million and a price-to-earnings ratio of 23.66.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 22nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.36%.
On a related note, analysts at SunTrust raised their price target on shares of SCBT Financial Corp. 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. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. SCBT Financial Corp. presently has a consensus rating of “Buy” and a consensus price target of $55.60.
SCBT Financial Corporation (NASDAQ:SCBT) a bank holding company.
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