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 results 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Seacoast Banking Co. of Florida had a return on equity of 5.44% and a net margin of 14.55%. The company had revenue of $130.30 million during the quarter, compared to analysts’ expectations of $129.20 million. During the same quarter last year, the company earned $0.37 EPS. Seacoast Banking Co. of Florida’s revenue for the quarter 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

SBCF opened at $26.73 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.86. The business’s 50-day simple moving average is $28.17 and its 200 day simple moving average is $27.39. The firm has a market capitalization of $2.28 billion, a PE ratio of 19.37 and a beta of 1.09. Seacoast Banking Co. of Florida has a 52-week low of $21.90 and a 52-week high of $31.68.

Seacoast Banking Co. of Florida Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SBCF shares. Truist Financial lowered their target price on shares of Seacoast Banking Co. of Florida from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Stephens upped 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 report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Seacoast Banking Co. of Florida currently has a consensus rating of “Hold” and an average price target 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 firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $30.36, for a total transaction of $645,301.80. Following the completion of the sale, the chief executive officer now directly owns 126,232 shares in the company, valued at $3,832,403.52. This trade represents a 14.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is 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.