Piper Sandler analyst Stephen Scouten raised the firm's price target on Seacoast Banking to $34 from $32.50 and keeps a Neutral rating on the shares. With already elevated capital levels at Seacoast Banking, stronger earnings and profitability are expected to accelerate internal capital generation, and combined with a lower likelihood of future M&A activity, support expectations for meaningful share repurchases, the analyst tells investors in a research note.
