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Seacoast Banking price target raised to $29 from $28 at Stephens

Seacoast Banking price target raised to $29 from $28 at Stephens

Stephens analyst Russell Gunther raised the firm’s price target on Seacoast Banking (SBCF) to $29 from $28 and keeps an Equal Weight rating on the shares. The firm favors the “digestible deal” for privately held Heartland Bancshares as well as the “clear path to related EPS accretion” and pro forma above-peer capital ratios that support likely further Florida consolidation, says the analyst, who raised the firm’s FY25 operating EPS estimate to $1.85 from $1.75 and its FY26 EPS estimate to $2.11 from $1.97.

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