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Seacoast Banking Corporation of Florida (NASDAQ:SBCF) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.

Having a price of $16.51, Seacoast Banking Corporation of Florida (NASDAQ:SBCF) traded 1.73% higher on the day. With the last close up 0.87% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Seacoast Banking Corporation of Florida has recorded a 50-day average of $16.45 and a two hundred day average of $16.30. Volume of trade was down over the average, with 49,905 shares of SBCF changing hands under the typical 122,434

Zacks Investment Research has downgraded Seacoast Banking Corporation of Florida (NASDAQ:SBCF) to Hold in a statement released on 10/05/2016.

Performance Chart

Seacoast Banking Corporation of Florida (NASDAQ:SBCF)

With a total market value of $0, Seacoast Banking Corporation of Florida has price-earnings ratio of 29.41 with a one year low of $13.40 and a one year high of $17.80 .

A total of 6 analysts have released a report on Seacoast Banking Corporation of Florida. Two analysts rating the company a strong buy, zero analysts rating the company a buy, four analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $17.83.

More About 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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