Extremely significant positive changes in Seacoast Banking Corp of Florida (NASDAQ: SBCF) investment behavior have recently occurred: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Slight positive changes in Seacoast Banking Corp of Florida (NASDAQ: SBCF) fundamentals have recently occurred: significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Seacoast Banking has a good Appreciation Score of 71 but a neutral Power Rating of 48, and the High Neutral Value Trend Rating results.
Recent Price Action
On 7/16/24, Seacoast Banking Corp of Florida (NASDAQ: SBCF) stock enjoyed a large increase of 4.4%, closing at $27.62. Moreover, trading volume in this advance was exceptionally high at 257% of normal. Relative to the market the stock has been weak over the last nine months but has risen 18.8% during the last week.
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