Keefe Bruyette raised the firm’s price target on Seacoast Banking (SBCF) to $32 from $31 and keeps an Outperform rating on the shares. The proposed acquisition of $4B-in-asset Villages Bancorporation is a nice use of excess capital, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBCF:
- Seacoast Banking Announces Merger with Villages Bancorporation
- Seacoast Banking acquires Villages Bancorporation
- Seacoast Banking Approves Key Proposals at Annual Meeting
- Seacoast Banking Receives Approval for Heartland Acquisition
- Seacoast Banking receives approval for acquisition of Heartland Bancshares