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Investing.com - Keefe, Bruyette & Woods raised its price target on Seacoast Banking (NASDAQ:SBCF) to $33.00 from $32.00 on Tuesday, while maintaining an Outperform rating on the stock.
The upgrade follows Seacoast’s strong second-quarter 2025 performance, which showed improved profitability with higher fees, increased net interest income, and a lower loan loss provision. The bank’s net interest margin expanded alongside a 12 basis point reduction in deposit costs compared to the previous quarter. According to InvestingPro data, the company has maintained profitability over the last twelve months, with revenue growing at 5.4%.
Seacoast demonstrated steady loan growth at an annualized rate of 6% quarter-over-quarter, while its pre-provision net revenue reached its highest level since 2023 at 1.59%.
KBW raised its earnings per share estimates for Seacoast to $1.84 for 2025 and $2.50 for 2026, citing expected acceleration as the Heartland and Villages acquisitions are integrated in the second half of 2025.
The investment firm views Seacoast as a "top idea," noting the shares currently trade at 11.7 times 2026 estimated earnings and 1.78 times year-out valuation, which it considers an attractive entry point for the Southeast regional bank. The stock offers a 2.46% dividend yield and has raised its dividend for four consecutive years, demonstrating commitment to shareholder returns.
In other recent news, Seacoast Banking Corporation of Florida reported strong second-quarter earnings, exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $0.52, surpassing the forecasted $0.42. Additionally, Seacoast Banking’s revenue outperformed predictions, totaling $151.4 million. These results highlight the company’s robust financial performance in the second quarter of 2025. Despite these positive earnings, the stock experienced a slight decline in after-hours trading. Analyst reactions to these results have yet to be detailed, but the financial performance underscores significant developments for Seacoast Banking. These recent developments provide insight into the company’s current financial health and market position.
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