BB&T Corp. Upgrades SCBT Financial Corp. to “Buy” (SCBT)
SCBT Financial Corp. (NASDAQ:SCBT) was upgraded by equities researchers at BB&T Corp. from a “hold” rating to a “buy” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $69.00 price objective on the stock. BB&T Corp.’s price target points to a potential upside of 17.47% from the company’s current price. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Wunderlich reiterated a “buy” rating on shares of SCBT Financial Corp. in a research note on Tuesday, January 28th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $59.50.
Shares of SCBT Financial Corp. (NASDAQ:SCBT) traded up 2.95% on Friday, hitting $60.47. The stock had a trading volume of 85,582 shares. SCBT Financial Corp. has a 52 week low of $46.16 and a 52 week high of $68.69. The stock has a 50-day moving average of $62.13 and a 200-day moving average of $59.74. The company has a market cap of $1.441 billion and a price-to-earnings ratio of 24.68.
SCBT Financial Corp. (NASDAQ:SCBT) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.06. Analysts expect that SCBT Financial Corp. will post $3.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 21st. Investors of record on Friday, February 14th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Wednesday, February 12th.
SCBT Financial Corporation (NASDAQ:SCBT) a bank holding company.
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