Seacoast Banking Corp of Florida (NASDAQ: SBCF) has reported earnings for its first fiscal quarter (ending March 31) of $0.31 versus $0.15 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $1.40 versus $1.50 for the same period a year ago.
Recent Price Action
Seacoast Banking Corp of Florida (NASDAQ: SBCF) stock declined modestly by -1.2% on 4/25/24. The stock closed at $23.64. This decline was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months and has risen 7.2% during the last week.
Current PriceTarget Research Rating
SBCF is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Seacoast Banking has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Seacoast Banking has a slightly positive Power Rating of 63 and a good Appreciation Score of 75, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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