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SCBT Financial Corp. (NASDAQ:SCBT) Director M Oswald Fogle purchased 2,000 shares of the company’s stock on the open market in a transaction dated Tuesday, May 13th. The shares were purchased at an average price of $57.50 per share, for a total transaction of $115,000.00. Following the completion of the transaction, the director now directly owns 29,142 shares of the company’s stock, valued at approximately $1,675,665. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Shares of SCBT Financial Corp. (NASDAQ:SCBT) traded down 4.55% on Wednesday, hitting $54.99. 88,983 shares of the company’s stock traded hands. SCBT Financial Corp. has a 1-year low of $46.80 and a 1-year high of $68.69. The stock’s 50-day moving average is $60.13 and its 200-day moving average is $61.94. The company has a market cap of $1.313 billion and a price-to-earnings ratio of 23.76.

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. Analysts expect that SCBT Financial Corp. will post $3.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, May 23rd. Shareholders of record on Friday, May 16th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, May 14th. This is a positive change from SCBT Financial Corp.’s previous quarterly dividend of $0.19.

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 equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $59.50.

SCBT Financial Corporation (NASDAQ:SCBT) a bank holding company.

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