Seacoast Banking Corp of Florida (NASDAQ: SBCF) stock closed at $30.46 on 11/6/24 after a major increase of 12.4%. Moreover, exceptionally high trading volume at 419% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 13.1% 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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Seacoast Banking has a good Appreciation Score of 70 and a good Power Rating of 81, leading to the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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