Seacoast Banking price target raised to $31 from $29 at Raymond James

Raymond James analyst David Feaster raised the firm’s price target on Seacoast Banking (SBCF) to $31 from $29 and keeps an Outperform rating on the shares. The company reported a Q4 beat, marked by “significant” net interest margin expansion, the analyst tells investors in a research note. Going forward, the firm expects material net interest margin expansion “on the horizon still,” primarily driven by remixing and repricing opportunities.