Seacoast Banking Co. of Florida (SBCF) Set to Announce Quarterly Earnings on Thursday

Seacoast Banking Co. of Florida (NASDAQ:SBCF – Get Rating) will announce its earnings results after the market closes on Thursday, January 26th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Seacoast Banking Co. of Florida (NASDAQ:SBCF – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The financial services provider reported $0.47 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.14). Seacoast Banking Co. of Florida had a return on equity of 9.80% and a net margin of 30.14%. The company had revenue of $104.39 million for the quarter, compared to analyst estimates of $105.57 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 Price Performance

Shares of NASDAQ:SBCF opened at $31.61 on Wednesday. The company’s fifty day moving average price is $32.24 and its 200 day moving average price is $32.49. Seacoast Banking Co. of Florida has a 12 month low of $29.05 and a 12 month high of $38.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $1.94 billion, a P/E ratio of 16.21 and a beta of 1.09.

Seacoast Banking Co. of Florida Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, March 14th. Seacoast Banking Co. of Florida’s payout ratio is currently 34.87%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SBCF. StockNews.com downgraded shares of Seacoast Banking Co. of Florida from a “hold” rating to a “sell” rating in a research report on Monday, October 31st. Hovde Group lowered their price objective on shares of Seacoast Banking Co. of Florida to $34.00 in a research report on Friday, November 4th.

Institutional Trading of Seacoast Banking Co. of Florida

Several hedge funds and other institutional investors have recently made changes to their positions in SBCF. State Street Corp boosted its holdings in shares of Seacoast Banking Co. of Florida by 30.6% in the first quarter. State Street Corp now owns 3,042,733 shares of the financial services provider’s stock valued at $106,557,000 after acquiring an additional 713,391 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Seacoast Banking Co. of Florida by 2.2% in the first quarter. BlackRock Inc. now owns 8,819,313 shares of the financial services provider’s stock valued at $308,854,000 after acquiring an additional 193,486 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Seacoast Banking Co. of Florida in the second quarter valued at about $6,033,000. Vanguard Group Inc. boosted its holdings in shares of Seacoast Banking Co. of Florida by 3.6% in the first quarter. Vanguard Group Inc. now owns 3,749,747 shares of the financial services provider’s stock valued at $131,316,000 after acquiring an additional 130,458 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of Seacoast Banking Co. of Florida in the third quarter valued at about $2,143,000. Hedge funds and other institutional investors own 86.92% of the company’s stock.

About Seacoast Banking Co. of Florida

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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.