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A report released today by Citigroup Inc. about Seacoast Banking Corporation of Florida (NASDAQ:SBCF) raises the target price to $22.00

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) had its target price raised to $22.00 by Citigroup Inc. in a report released 11/30/2016. The new target price indicates a possible upside of 0.07% based on the company's last stock close price.

Previously on 11/09/2016, Zacks Investment Research reported about Seacoast Banking Corporation of Florida (NASDAQ:SBCF) raised the target price from $0.00 to $19.00. At the time, this indicated a possible upside of 0.10%.

Yesterday Seacoast Banking Corporation of Florida (NASDAQ:SBCF) traded 2.35% higher at $20.47. The company’s 50-day moving average is $17.68 and its 200-day moving average is $16.73. The last stock close price is up 22.31% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 175,859 shares of the stock were exchanged, up from an average trading volume of 149,052

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Seacoast Banking Corporation of Florida (NASDAQ:SBCF)

Seacoast Banking Corporation of Florida has a 52 week low of $13.40 and a 52 week high of $20.66 with a PE ratio of 30.58 Seacoast Banking Corporation of Florida’s market capitalization is currently $0.

In addition to Citigroup Inc. reporting its stock price target, a total of 6 brokerages have issued a research note on the company. The average stock price target is $17.83 with 2 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Seacoast Banking Corporation of Florida (NASDAQ:SBCF)

Seacoast Banking Corporation of Florida is a bank holding company. The Company's principal subsidiary is Seacoast National Bank, a national banking association. The Company and its subsidiaries offer an array of deposit accounts and retail banking services, engage in consumer and commercial lending and provide a range of trust and asset management services, as well as securities and annuity products. The Company, through its bank subsidiary, provides a range of community banking services to commercial, small business and retail customers, offering a range of transaction and savings deposit products, treasury management services, brokerage, and secured and unsecured loan products, including revolving credit facilities, letters of credit and similar financial guarantees, and asset based financing. It also provides trust and investment management services to retirement plans, corporations and individuals. It also offers Internet and mobile banking to business and retail customers.

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