Alert: Rating Upgrade (9/27/24)-Seacoast Banking Corp of Florida (NASDAQ: SBCF).

Stock Rating Upgrade

In the last week the Value Trend Rating for Seacoast Banking Corp of Florida (NASDAQ: SBCF) improved from C to B reflecting improving fundamentals and high Appreciation Potential.

Recent Price Action

Seacoast Banking Corp of Florida (NASDAQ: SBCF) stock rose modestly by 0.7% on 9/27/24. The stock closed at $26.31. This advance was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -6.8% 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 B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Seacoast Banking has a neutral Power Rating of 58 but a good Appreciation Score of 72, producing the Positive Value Trend Rating.