Seacoast Banking Co. of Florida (SBCF) to Release Earnings on Thursday

Seacoast Banking Co. of Florida (NASDAQ:SBCF) is set to post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Seacoast Banking Co. of Florida to post earnings of $0.34 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last issued its earnings results on Thursday, January 25th. The financial services provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). Seacoast Banking Co. of Florida had a return on equity of 5.04% and a net margin of 13.54%. The business had revenue of $128.16 million for the quarter, compared to analyst estimates of $135.33 million. 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 Up 1.7 %

SBCF stock opened at $23.18 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.07. Seacoast Banking Co. of Florida has a fifty-two week low of $17.93 and a fifty-two week high of $29.98. The firm’s 50-day simple moving average is $24.10 and its 200 day simple moving average is $24.38. The stock has a market cap of $1.97 billion, a PE ratio of 18.69 and a beta of 1.16.

Seacoast Banking Co. of Florida Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.11%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is presently 58.06%.

Analysts Set New Price Targets

A number of research firms recently weighed in on SBCF. Raymond James increased their price objective on shares of Seacoast Banking Co. of Florida from $23.00 to $27.50 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Truist Financial decreased their target price on shares of Seacoast Banking Co. of Florida from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $25.63.

Seacoast Banking Co. of Florida Company Profile

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides integrated financial services to retail and commercial customers in Florida. The company offers noninterest and interest-bearing demand deposit, money market, savings, and customer sweep accounts; time certificates of deposit; construction and land development, commercial and residential real estate, and commercial and financial loans; and consumer loans, including installment loans and revolving lines, as well as loans for automobiles, boats, and personal and family purposes.