Truist analyst Brandon King lowered the firm’s price target on Seacoast Banking to $23 from $25 but keeps a Buy rating on the shares after its Q3 results. The company’s reported net interest margin was within the management’s guided range, though the firm’s forecast in 2024 is more conservative, modeling further compression in Q1 followed by stability through the rest of the year, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SBCF:
- Seacoast Banking reports Q3 adjusted EPS 46c, consensus 40c
- Seacoast Reports Third Quarter 2023 Results
- Seacoast Banking Corporation Of Florida (SBCF) Q3 Earnings Cheat Sheet
- Seacoast Banking Corporation of Florida Declares Quarterly Dividend on Common Stock
- Seacoast Banking Corporation of Florida To Announce Third Quarter Earnings Results October 26, 2023
