Seacoast Banking Co. of Florida (SBCF) Expected to Announce Earnings on Monday

Seacoast Banking Co. of Florida (NASDAQ:SBCF) is expected to be releasing its earnings data after the market closes on Monday, January 27th. Analysts expect Seacoast Banking Co. of Florida to post earnings of $0.33 per share and revenue of $131,508.80 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Seacoast Banking Co. of Florida had a net margin of 14.55% and a return on equity of 5.44%. The firm had revenue of $130.30 million for the quarter, compared to analysts’ expectations of $129.20 million. During the same period in the previous year, the company posted $0.37 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts expect Seacoast Banking Co. of Florida to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Seacoast Banking Co. of Florida Stock Performance

Shares of SBCF stock opened at $26.73 on Friday. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 19.37 and a beta of 1.09. Seacoast Banking Co. of Florida has a 1-year low of $21.90 and a 1-year high of $31.68. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $28.17 and its 200-day simple moving average is $27.37.

Seacoast Banking Co. of Florida Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, March 14th. This represents a $0.72 dividend on an annualized basis and a yield of 2.69%. Seacoast Banking Co. of Florida’s payout ratio is presently 52.17%.

Wall Street Analyst Weigh In

SBCF has been the subject of a number of research analyst reports. Truist Financial reduced their price target on shares of Seacoast Banking Co. of Florida from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Stephens lifted their target price on shares of Seacoast Banking Co. of Florida from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.70.

Insider Activity at Seacoast Banking Co. of Florida

In other Seacoast Banking Co. of Florida news, CEO Charles M. Shaffer sold 21,255 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $30.36, for a total value of $645,301.80. Following the completion of the sale, the chief executive officer now owns 126,232 shares of the company’s stock, valued at $3,832,403.52. The trade was a 14.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by company insiders.

About Seacoast Banking Co. of Florida

Seacoast Banking Corp. of Florida is a financial holding company, which engages in the provision of integrated financial services. It provides banking and investment services to businesses and consumers, including personal and business deposit products, Internet and mobile banking, personal, commercial and mortgage loans, wealth management services, and treasury management solutions.