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Recommendations
Seacoast Banking price target raised to $40 from $38 at B. Riley » 08:25
04/26/21
04/26
08:25
04/26/21
08:25
SBCF

Seacoast Banking

$36.95 /

+1.92 (+5.48%)

B. Riley analyst Steve…

B. Riley analyst Steve Moss raised the firm's price target on Seacoast Banking to $40 from $38 and reiterates a Buy rating on the shares. An improving economy, continued business migration to Florida, and return to pre-pandemic underwriting bodes well for Seacoast's long-term outlook, Moss tells investors in a research note.

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SBCF Seacoast Banking
$36.95 /

+1.92 (+5.48%)

SBCF Seacoast Banking
$36.95 /

+1.92 (+5.48%)

04/09/21 B. Riley
Seacoast Banking price target raised to $38 from $37 at B. Riley
03/25/21 Raymond James
Seacoast Banking price target raised to $39 from $33 at Raymond James
02/19/21 B. Riley
Seacoast Banking price target raised to $37 from $33 at B. Riley Securities
12/18/20 B. Riley
Seacoast Banking price target raised to $33 from $30 at B. Riley Securities
SBCF Seacoast Banking
$36.95 /

+1.92 (+5.48%)

Earnings
Seacoast Banking reports Q1 adjusted EPS 63c, consensus 48c » 16:09
04/22/21
04/22
16:09
04/22/21
16:09
SBCF

Seacoast Banking

$35.03 /

-0.16 (-0.45%)

Reports Q1 revenue…

Reports Q1 revenue $84.3M, consensus $82.75M. Reports Q1 book value per share $20.89. Reports Q1 net charge-offs ,03%. Charles Shaffer, Seacoast's president and CEO, said, "The Seacoast team delivered another record quarter, resulting in continued growth in tangible book value per share, ending the period at $16.62, up 15% over the prior year. Our wealth management team continues to implement a unique, high-quality approach to assisting high net worth families, foundations, and business owners in developing wealth and investment management strategies, resulting in strong growth year-over-year in assets under management. As the Florida population continues to swell and the economic recovery continues to take hold, we are capitalizing on this growth, as evidenced in our mortgage banking results, and in our loan pipelines, which increased 44% from year-end."

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SBCF Seacoast Banking
$35.03 /

-0.16 (-0.45%)

SBCF Seacoast Banking
$35.03 /

-0.16 (-0.45%)

04/09/21 B. Riley
Seacoast Banking price target raised to $38 from $37 at B. Riley
03/25/21 Raymond James
Seacoast Banking price target raised to $39 from $33 at Raymond James
02/19/21 B. Riley
Seacoast Banking price target raised to $37 from $33 at B. Riley Securities
12/18/20 B. Riley
Seacoast Banking price target raised to $33 from $30 at B. Riley Securities
SBCF Seacoast Banking
$35.03 /

-0.16 (-0.45%)

Over a month ago
Recommendations
Seacoast Banking price target raised to $38 from $37 at B. Riley » 07:56
04/09/21
04/09
07:56
04/09/21
07:56
SBCF

Seacoast Banking

$35.99 /

+0.15 (+0.42%)

B. Riley analyst Steve…

B. Riley analyst Steve Moss raised the firm's price target on Seacoast Banking to $38 from $37 and keeps a Buy rating on the shares. Fundamentals for bank earnings should continue to improve as credit costs are likely to decline further and higher interest rates support a better outlook, Moss tells investors in a research note. While near-term loan growth is likely to remain tempered, an increasing number of banks will indicate that loan pipelines have improved, adds the analyst. However, with the sector up 28% year-to-date, a more selective approach to banks and thrifts is warranted, contends Moss.

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SBCF Seacoast Banking
$35.99 /

+0.15 (+0.42%)

SBCF Seacoast Banking
$35.99 /

+0.15 (+0.42%)

03/25/21 Raymond James
Seacoast Banking price target raised to $39 from $33 at Raymond James
02/19/21 B. Riley
Seacoast Banking price target raised to $37 from $33 at B. Riley Securities
12/18/20 B. Riley
Seacoast Banking price target raised to $33 from $30 at B. Riley Securities
12/15/20 Truist
Truist raises price targets on select regional banks
SBCF Seacoast Banking
$35.99 /

+0.15 (+0.42%)

Recommendations
Seacoast Banking price target raised to $39 from $33 at Raymond James » 07:44
03/25/21
03/25
07:44
03/25/21
07:44
SBCF

Seacoast Banking

$34.98 /

-0.54 (-1.52%)

Raymond James analyst…

Raymond James analyst David Feaster raised the firm's price target on Seacoast Banking to $39 from $33 and keeps an Outperform rating on the shares following its investor call to discuss the acquisition of Boca Raton-based Legacy Bank of Florida. Feaster views the transaction favorably, and believes management's 6% EPS accretion guidance for 2022 could prove conservative, the analyst tells investors in a research note.

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SBCF Seacoast Banking
$34.98 /

-0.54 (-1.52%)

SBCF Seacoast Banking
$34.98 /

-0.54 (-1.52%)

02/19/21 B. Riley
Seacoast Banking price target raised to $37 from $33 at B. Riley Securities
12/18/20 B. Riley
Seacoast Banking price target raised to $33 from $30 at B. Riley Securities
12/15/20 Truist
Truist raises price targets on select regional banks
12/04/20 B. Riley
Seacoast Banking price target raised to $30 from $28 at B. Riley Securities
SBCF Seacoast Banking
$34.98 /

-0.54 (-1.52%)

Conference/Events
Seacoast Banking to hold a conference call » 10:25
03/24/21
03/24
10:25
03/24/21
10:25
SBCF

Seacoast Banking

$35.91 /

+0.39 (+1.10%)

Conference call to…

Conference call to discuss the acquisition of Legacy Bank of Florida will be held on March 24 at 11 am.

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SBCF Seacoast Banking
$35.91 /

+0.39 (+1.10%)

SBCF Seacoast Banking
$35.91 /

+0.39 (+1.10%)

02/19/21 B. Riley
Seacoast Banking price target raised to $37 from $33 at B. Riley Securities
12/18/20 B. Riley
Seacoast Banking price target raised to $33 from $30 at B. Riley Securities
12/15/20 Truist
Truist raises price targets on select regional banks
12/04/20 B. Riley
Seacoast Banking price target raised to $30 from $28 at B. Riley Securities
SBCF Seacoast Banking
$35.91 /

+0.39 (+1.10%)

Conference/Events
Seacoast Banking to hold a conference call » 04:55
03/24/21
03/24
04:55
03/24/21
04:55
SBCF

Seacoast Banking

$35.52 /

-1.57 (-4.23%)

Conference call to…

Conference call to discuss the acquisition of Legacy Bank of Florida will be held on March 24 at 11 am.

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SBCF Seacoast Banking
$35.52 /

-1.57 (-4.23%)

SBCF Seacoast Banking
$35.52 /

-1.57 (-4.23%)

02/19/21 B. Riley
Seacoast Banking price target raised to $37 from $33 at B. Riley Securities
12/18/20 B. Riley
Seacoast Banking price target raised to $33 from $30 at B. Riley Securities
12/15/20 Truist
Truist raises price targets on select regional banks
12/04/20 B. Riley
Seacoast Banking price target raised to $30 from $28 at B. Riley Securities
SBCF Seacoast Banking
$35.52 /

-1.57 (-4.23%)

Conference/Events
Seacoast Banking to hold a conference call » 20:02
03/23/21
03/23
20:02
03/23/21
20:02
SBCF

Seacoast Banking

$35.52 /

-1.57 (-4.23%)

Conference call to…

Conference call to discuss the acquisition of Legacy Bank of Florida will be held on March 24 at 11 am.

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SBCF Seacoast Banking
$35.52 /

-1.57 (-4.23%)

SBCF Seacoast Banking
$35.52 /

-1.57 (-4.23%)

02/19/21 B. Riley
Seacoast Banking price target raised to $37 from $33 at B. Riley Securities
12/18/20 B. Riley
Seacoast Banking price target raised to $33 from $30 at B. Riley Securities
12/15/20 Truist
Truist raises price targets on select regional banks
12/04/20 B. Riley
Seacoast Banking price target raised to $30 from $28 at B. Riley Securities
SBCF Seacoast Banking
$35.52 /

-1.57 (-4.23%)

Hot Stocks
Seacoast Banking to acquire Legacy Bank of Florida in roughly $102.2M deal » 18:31
03/23/21
03/23
18:31
03/23/21
18:31
SBCF

Seacoast Banking

$35.52 /

-1.57 (-4.23%)

Seacoast Banking…

Seacoast Banking Corporation of Florida announced that it has signed a definitive agreement to acquire Legacy Bank of Florida, in a transaction that will expand Seacoast's presence in Broward and Palm Beach counties in Florida's largest metropolitan statistical area. Pursuant to the terms of the merger agreement, Legacy Bank of Florida will be merged with and into Seacoast Bank. Legacy Bank operates five branches across the two counties with deposits of approximately $432M and loans of $482M as of December 31, 2020. "Legacy Bank of Florida is a customer-focused franchise with an outstanding reputation for service excellence and deep customer relationships in this important market. We see great opportunity in complementing its strengths with Seacoast's innovation and breadth of offerings to grow our presence and expand our position in South Florida," said Charles M. Shaffer, Seacoast's President and CEO. "The transaction is expected to be accretive to earnings in 2021 with minimal dilution of tangible book value, and will build upon our previous South Florida acquisitions adding scale in one of the fastest growing and dynamic markets in the United States. We look forward to welcoming the employees and customers of Legacy Bank to the Seacoast franchise." The transaction will increase Seacoast's deposits in the Miami-Fort Lauderdale-Pompano Beach MSA by 41% to approximately $1.4B. Seacoast expects the transaction to be 2% accretive to earnings per share in 2021, excluding one-time transaction costs, with minimal dilution of tangible book value per share, and 6% accretive to earnings per share in 2022. Seacoast previously expanded in Palm Beach and Broward counties with the acquisitions of Grand Bankshares in 2015, Palm Beach Community Bank in 2017, First Green Bancorp in 2018, and First Bank of the Palm Beaches in 2020. Under the terms of the merger agreement, Legacy Bank shareholders are expected to receive 0.1703 shares of Seacoast common stock for each share of Legacy Bank common stock. The exchange ratio for the transaction is fixed which means that the transaction value will fluctuate as a result of changes in Seacoast's stock price. Based on Seacoast's closing price of $35.53 as of March 23, 2021, the Legacy Bank transaction, including the exchange of Legacy Bank options, is valued at approximately $102.2M or $6.05 per share. Closing of the transaction is expected in the third quarter of 2021, following receipt of approvals from regulatory authorities, the approval of Legacy shareholders, and the satisfaction of other customary closing conditions.

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SBCF Seacoast Banking
$35.52 /

-1.57 (-4.23%)

SBCF Seacoast Banking
$35.52 /

-1.57 (-4.23%)

02/19/21 B. Riley
Seacoast Banking price target raised to $37 from $33 at B. Riley Securities
12/18/20 B. Riley
Seacoast Banking price target raised to $33 from $30 at B. Riley Securities
12/15/20 Truist
Truist raises price targets on select regional banks
12/04/20 B. Riley
Seacoast Banking price target raised to $30 from $28 at B. Riley Securities
SBCF Seacoast Banking
$35.52 /

-1.57 (-4.23%)

Recommendations
Seacoast Banking price target raised to $37 from $33 at B. Riley Securities » 08:03
02/19/21
02/19
08:03
02/19/21
08:03
SBCF

Seacoast Banking

$33.53 /

-0.43 (-1.27%)

B. Riley Securities…

B. Riley Securities analyst Steve Moss raised the firm's price target on Seacoast Banking to $37 from $33 and reiterates a Buy rating on the shares after meeting with management. The company is optimistic that lending opportunities should improve as the year goes on and that credit quality should remain strong despite pandemic disruption, Moss tells investors in a research note.

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SBCF Seacoast Banking
$33.53 /

-0.43 (-1.27%)

SBCF Seacoast Banking
$33.53 /

-0.43 (-1.27%)

12/18/20 B. Riley
Seacoast Banking price target raised to $33 from $30 at B. Riley Securities
12/15/20 Truist
Truist raises price targets on select regional banks
12/04/20 B. Riley
Seacoast Banking price target raised to $30 from $28 at B. Riley Securities
11/10/20 B. Riley
Seacoast Banking price target raised to $28 from $25 at B. Riley Securities
SBCF Seacoast Banking
$33.53 /

-0.43 (-1.27%)

Conference/Events
Seacoast Banking management to meet virtually with B. Riley Securities » 11:28
02/16/21
02/16
11:28
02/16/21
11:28
SBCF

Seacoast Banking

$34.23 /

+0.43 (+1.27%)

Virtual Meeting to be…

Virtual Meeting to be held on February 16 hosted by B. Riley Securities.

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SBCF Seacoast Banking
$34.23 /

+0.43 (+1.27%)

SBCF Seacoast Banking
$34.23 /

+0.43 (+1.27%)

12/18/20 B. Riley
Seacoast Banking price target raised to $33 from $30 at B. Riley Securities
12/15/20 Truist
Truist raises price targets on select regional banks
12/04/20 B. Riley
Seacoast Banking price target raised to $30 from $28 at B. Riley Securities
11/10/20 B. Riley
Seacoast Banking price target raised to $28 from $25 at B. Riley Securities
SBCF Seacoast Banking
$34.23 /

+0.43 (+1.27%)

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