Seacoast Banking Co. of Florida (NASDAQ: SBCF) was downgraded by Zacks Investment Research from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday.
Seacoast Banking Corporation of Florida is a bank holding company that operates through its principal subsidiary, Seacoast National Bank (Seacoast National). The Company and its subsidiaries offer an array of deposit accounts and retail banking services, engage in consumer and commercial lending, and provide a variety of trust and asset management services, as well as securities and annuity products. As of December 31, 2009, Seacoast National had 40 banking offices in 13 counties in Florida. As of December 31, 2009, the Company had 24 branches in the Treasure Coast, including the counties of Martin, St. Lucie and Indian River on Florida’s southeastern coast.
Shares of Seacoast Banking Co. of Florida opened at 1.65 on Wednesday. Seacoast Banking Co. of Florida has a 52 week low of $1.16 and a 52 week high of $1.92. The stock’s 50-day moving average is $1. and its 200-day moving average is $1.51. The company has a market cap of $154.4 million and a P/E ratio of 55.00.
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