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.
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Read More on SBCF:
- Seacoast Banking Announces Merger with Villages Bancorporation
- Seacoast Banking acquires Villages Bancorporation
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- Seacoast Banking receives approval for acquisition of Heartland Bancshares