SCBT Financial Corp. Director Purchases $58,830 in Stock (SCBT)
SCBT Financial Corp. (NASDAQ:SCBT) Director M Oswald Fogle purchased 1,060 shares of the stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average price of $55.50 per share, for a total transaction of $58,830.00. Following the acquisition, the director now directly owns 27,142 shares in the company, valued at approximately $1,506,381. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at BB&T Corp. upgraded shares of SCBT Financial Corp. from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. They now have a $69.00 price target on the stock. They noted that the move was a valuation call. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.50.
Shares of SCBT Financial Corp. (NASDAQ:SCBT) traded down 0.18% on Thursday, hitting $56.24. 26,894 shares of the company’s stock traded hands. SCBT Financial Corp. has a one year low of $46.80 and a one year high of $68.69. The stock has a 50-day moving average of $60.63 and a 200-day moving average of $61.91. The company has a market cap of $1.343 billion and a P/E ratio of 23.23.
SCBT Financial Corp. (NASDAQ:SCBT) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by $0.13. On average, analysts predict that SCBT Financial Corp. will post $3.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 23rd. Stockholders of record on Friday, May 16th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Wednesday, May 14th. This is a boost from SCBT Financial Corp.’s previous quarterly dividend of $0.19.
SCBT Financial Corporation (NASDAQ:SCBT) a bank holding company.
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