Alert: Rating Upgrade (11/10/23)-Seacoast Banking Corp of Florida (NASDAQ: SBCF).


Stock Rating Upgrade

The Value Trend Rating for Seacoast Banking Corp of Florida (NASDAQ: SBCF) improved in recent days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.


Recent Price Action

Seacoast Banking Corp of Florida (NASDAQ: SBCF) stock rose modestly by 0.4% on 11/10/23. The stock closed at $21.45. The stock has performed in line with the market over the last nine months and has declined -0.8% during the last week.

Current PriceTarget Research Rating

SBCF is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Seacoast Banking has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Seacoast Banking has a slightly positive Appreciation Score of 66 but a poor Power Rating of 28, leading to the Low Neutral Value Trend Rating.

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