Seacoast Banking Corp. Of Florida [SBCF] stock prices are up 12.44% to $30.46 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SBCF shares have gain 11.41% over the last week, with a monthly amount glided 19.08%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Seacoast Banking Corp. Of Florida [NASDAQ: SBCF] stock has seen the most recent analyst activity on July 29, 2024, when Hovde Group downgraded its rating to a Market Perform and also boosted its price target to $31 from $29. Previously, Keefe Bruyette upgraded its rating to Outperform on May 31, 2024, and kept the price target unchanged to $27. On April 29, 2024, Hovde Group reiterated its Outperform rating and revised its price target to $29 on the stock. Truist downgraded its rating to a Hold and decreased its price target to $29 on January 05, 2024. Stephens initiated its recommendation with a Equal-Weight and recommended $23 as its price target on September 13, 2023. Hovde Group upgraded its rating to Outperform for this stock on March 17, 2023, but kept the price target unchanged to $33. In a note dated October 06, 2021, B. Riley Securities downgraded an Neutral rating on this stock but restated the target price of $36.
The stock price of Seacoast Banking Corp. Of Florida [SBCF] has been fluctuating between $21.18 and $29.98 over the past year. Currently, Wall Street analysts expect the stock to reach $32.5 within the next 12 months. Seacoast Banking Corp. Of Florida [NASDAQ: SBCF] shares were valued at $30.46 at the most recent close of the market. An investor can expect a potential return of 6.7% based on the average SBCF price forecast.
Analyzing the SBCF fundamentals
The Seacoast Banking Corp. Of Florida [NASDAQ:SBCF] reported sales of 799.25M for trailing twelve months, representing a surge of 5.04%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 29.58 points at the first support level, and at 28.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.06, and for the 2nd resistance point, it is at 31.66.
Ratios To Look Out For
It’s worth pointing out that Seacoast Banking Corp. Of Florida [NASDAQ:SBCF]’s Current Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 3.25, the price to book ratio is 1.19 and price to earnings (TTM) ratio is 22.27.
Transactions by insiders
Recent insider trading involved HUDSON DENNIS S III, Director, that happened on Sep 18 ’24 when 8000.0 shares were sold. Director, DENNIS S HUDSON III REVOCABLE completed a deal on Sep 18 ’24 to buy 8000.0 shares. Meanwhile, Director HUDSON DENNIS S III sold 16000.0 shares on Jul 16 ’24.
