In a report released today, David Feaster from Raymond James maintained a Buy rating on Seacoast Banking Of Florida (SBCF – Research Report), with a price target of $37.00. The company’s shares closed last Friday at $32.50.
According to TipRanks.com, Feaster is a 5-star analyst with an average return of 31.0% and a 69.8% success rate. Feaster covers the Financial sector, focusing on stocks such as Bank of NT Butterfield & Son, Columbia Banking System, and Pacific Premier Bancorp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Seacoast Banking Of Florida with a $37.00 average price target.
Based on Seacoast Banking Of Florida’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $91 million and net profit of $36.33 million. In comparison, last year the company earned revenue of $83.72 million and had a net profit of $29.35 million.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SBCF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Seacoast Banking Corp. of Florida is a financial holding company, which engages in the provision of integrated financial services. It provides banking and investment services to businesses and consumers, including personal and business deposit products, Internet and mobile banking, personal, commercial and mortgage loans, wealth management services, and treasury management solutions. The company was founded in 1983 and is headquartered in Stuart, FL.
Read More on SBCF: