Seacoast Banking Corporation of Florida (NASDAQ:SBCF) – Equities research analysts at FBR & Co issued their Q1 2019 EPS estimates for shares of Seacoast Banking Corporation of Florida in a report released on Friday. FBR & Co analyst S. Moss forecasts that the financial services provider will post earnings of $0.40 per share for the quarter. FBR & Co currently has a “Buy” rating on the stock. FBR & Co also issued estimates for Seacoast Banking Corporation of Florida’s Q2 2019 earnings at $0.45 EPS and Q3 2019 earnings at $0.47 EPS.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The business had revenue of $57.10 million during the quarter, compared to the consensus estimate of $57.55 million. Seacoast Banking Corporation of Florida had a net margin of 18.48% and a return on equity of 9.78%. The company’s quarterly revenue was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 earnings per share. WARNING: “FBR & Co Comments on Seacoast Banking Corporation of Florida’s Q1 2019 Earnings (SBCF)” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/30/fbr-co-comments-on-seacoast-banking-corporation-of-floridas-q1-2019-earnings-sbcf.html.

SBCF has been the topic of a number of other research reports. BidaskClub downgraded shares of Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Zacks Investment Research downgraded shares of Seacoast Banking Corporation of Florida from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $24.67.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) traded down 1.30% during trading on Monday, hitting $24.99. 36,246 shares of the company’s stock traded hands. Seacoast Banking Corporation of Florida has a 12-month low of $16.82 and a 12-month high of $25.88. The firm’s 50-day moving average price is $23.63 and its 200 day moving average price is $23.60. The stock has a market cap of $1.07 billion, a P/E ratio of 27.80 and a beta of 0.76.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE grew its holdings in Seacoast Banking Corporation of Florida by 0.5% during the 2nd quarter. US Bancorp DE now owns 4,157 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 20 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Seacoast Banking Corporation of Florida by 3,190.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,278 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 4,148 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Seacoast Banking Corporation of Florida during the 1st quarter valued at $209,000. Legal & General Group Plc grew its holdings in Seacoast Banking Corporation of Florida by 38.1% during the 2nd quarter. Legal & General Group Plc now owns 10,015 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 2,761 shares in the last quarter. Finally, Palisades Hudson Asset Management L.P. acquired a new stake in Seacoast Banking Corporation of Florida during the 2nd quarter valued at $250,000. 77.51% of the stock is owned by institutional investors and hedge funds.

In other news, Director Roger Goldman sold 2,200 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $24.11, for a total value of $53,042.00. Following the transaction, the director now owns 20,072 shares of the company’s stock, valued at approximately $483,935.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

About Seacoast Banking Corporation of Florida

Seacoast Banking Corporation of Florida is a bank holding company. The Company’s principal subsidiary is Seacoast National Bank, a national banking association (the Bank). The Company and its subsidiaries offer an array of deposit accounts and retail banking services, engage in consumer and commercial lending and provide a range of trust and asset management services, as well as securities and annuity products to its customers.

Earnings History and Estimates for Seacoast Banking Corporation of Florida (NASDAQ:SBCF)

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