Seacoast Banking Co. of Florida (NASDAQ:SBCF – Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 28th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Seacoast Banking Co. of Florida (NASDAQ:SBCF – Get Rating) last posted its quarterly earnings results on Thursday, January 27th. The financial services provider reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.09. The company had revenue of $91.00 million for the quarter, compared to the consensus estimate of $88.69 million. Seacoast Banking Co. of Florida had a net margin of 35.05% and a return on equity of 10.93%. During the same quarter last year, the firm posted $0.55 EPS. On average, analysts expect Seacoast Banking Co. of Florida to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
SBCF stock opened at $35.21 on Thursday. The company has a market capitalization of $2.16 billion, a PE ratio of 16.15 and a beta of 1.20. Seacoast Banking Co. of Florida has a 12 month low of $29.28 and a 12 month high of $39.31. The firm’s 50-day moving average is $35.17 and its 200 day moving average is $35.79. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.80.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.48%. The ex-dividend date was Monday, March 14th. Seacoast Banking Co. of Florida’s payout ratio is 23.85%.
Several research analysts have issued reports on SBCF shares. Zacks Investment Research upgraded shares of Seacoast Banking Co. of Florida from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Tuesday, April 5th. StockNews.com cut shares of Seacoast Banking Co. of Florida from a “hold” rating to a “sell” rating in a report on Wednesday, April 13th. Finally, Keefe, Bruyette & Woods started coverage on shares of Seacoast Banking Co. of Florida in a report on Monday, January 17th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Seacoast Banking Co. of Florida presently has an average rating of “Hold” and an average target price of $37.67.
In other Seacoast Banking Co. of Florida news, CEO Charles M. Shaffer sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $36.35, for a total transaction of $381,675.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis S. Hudson III sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 2nd. The stock was sold at an average price of $36.35, for a total transaction of $290,800.00. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its position in Seacoast Banking Co. of Florida by 48.6% during the 2nd quarter. Royal Bank of Canada now owns 5,187 shares of the financial services provider’s stock worth $178,000 after buying an additional 1,697 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of Seacoast Banking Co. of Florida during the 4th quarter valued at approximately $239,000. Two Sigma Advisers LP purchased a new position in shares of Seacoast Banking Co. of Florida during the 3rd quarter valued at approximately $325,000. LPL Financial LLC purchased a new position in shares of Seacoast Banking Co. of Florida during the 4th quarter valued at approximately $384,000. Finally, Stifel Financial Corp increased its holdings in shares of Seacoast Banking Co. of Florida by 3.6% during the 4th quarter. Stifel Financial Corp now owns 13,665 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 475 shares in the last quarter. 82.61% of the stock is owned by institutional investors.
Seacoast Banking Co. of Florida Company Profile (Get Rating)
Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to retail and commercial customers in Florida. It offers commercial and retail banking, wealth management, and mortgage services; and brokerage and annuity services.
Receive News & Ratings for Seacoast Banking Co. of Florida Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Seacoast Banking Co. of Florida and related companies with MarketBeat.com’s FREE daily email newsletter.