Seacoast Banking Corporation of Florida (SBCF) to Issue Quarterly Dividend of $0.19 on December 31st

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) declared a quarterly dividend on Thursday, October 23rd. Stockholders of record on Monday, December 15th will be given a dividend of 0.19 per share by the financial services provider on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, December 15th. This is a 5.6% increase from Seacoast Banking Corporation of Florida’s previous quarterly dividend of $0.18.

Seacoast Banking Corporation of Florida has a dividend payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Seacoast Banking Corporation of Florida to earn $1.94 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 37.1%.

Seacoast Banking Corporation of Florida Trading Up 4.4%

NASDAQ SBCF opened at $31.44 on Friday. Seacoast Banking Corporation of Florida has a one year low of $21.36 and a one year high of $32.33. The firm has a 50 day simple moving average of $30.64 and a 200-day simple moving average of $27.70. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 19.29 and a beta of 0.94.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last issued its quarterly earnings results on Monday, February 14th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter. Seacoast Banking Corporation of Florida had a net margin of 16.63% and a return on equity of 6.65%. The company had revenue of $83.85 million during the quarter. Equities research analysts anticipate that Seacoast Banking Corporation of Florida will post 1.71 EPS for the current fiscal year.

Institutional Trading of Seacoast Banking Corporation of Florida

Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in Seacoast Banking Corporation of Florida by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 422,306 shares of the financial services provider’s stock valued at $10,866,000 after purchasing an additional 11,674 shares during the last quarter. GAMMA Investing LLC raised its position in Seacoast Banking Corporation of Florida by 38.0% in the 1st quarter. GAMMA Investing LLC now owns 1,670 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 460 shares during the last quarter. Orca Wealth Management LLC purchased a new stake in Seacoast Banking Corporation of Florida in the 1st quarter valued at $445,000. Teacher Retirement System of Texas purchased a new stake in Seacoast Banking Corporation of Florida in the 1st quarter valued at $410,000. Finally, Intech Investment Management LLC increased its stake in Seacoast Banking Corporation of Florida by 36.5% in the 1st quarter. Intech Investment Management LLC now owns 91,340 shares of the financial services provider’s stock valued at $2,350,000 after buying an additional 24,408 shares during the period. Hedge funds and other institutional investors own 81.77% of the company’s stock.

About Seacoast Banking Corporation 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.