Stock Rating Downgrade
The Value Trend Rating for Seacoast Banking Corp of Florida (NASDAQ: SBCF) weakened of late from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 5/20/24, Seacoast Banking Corp of Florida (NASDAQ: SBCF) stock declined modestly by -1.5%, closing at $24.05. However, unusually low trading volume at 62% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -1.0% during the last week.
Current PriceTarget Research Rating
SBCF’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Seacoast Banking has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Seacoast Banking has a good Appreciation Score of 73 but a neutral Power Rating of 48, leading to the High Neutral Value Trend Rating.
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