Seacoast Banking Co. of Florida (SBCF) Scheduled to Post Quarterly 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. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

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

SBCF opened at $22.06 on Thursday. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 17.79 and a beta of 1.16. Seacoast Banking Co. of Florida has a fifty-two week low of $17.93 and a fifty-two week high of $29.98. The company’s 50-day moving average price is $24.22 and its 200 day moving average price is $24.33. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.72 annualized dividend and a yield of 3.26%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is 58.06%.

Institutional Investors Weigh In On Seacoast Banking Co. of Florida

Large investors have recently made changes to their positions in the company. Profund Advisors LLC acquired a new stake in shares of Seacoast Banking Co. of Florida in the first quarter valued at approximately $230,000. Janney Montgomery Scott LLC acquired a new stake in shares of Seacoast Banking Co. of Florida in the fourth quarter valued at approximately $218,000. Commonwealth Equity Services LLC increased its stake in shares of Seacoast Banking Co. of Florida by 5.0% in the third quarter. Commonwealth Equity Services LLC now owns 6,933 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 331 shares during the period. US Bancorp DE increased its stake in shares of Seacoast Banking Co. of Florida by 7.4% in the fourth quarter. US Bancorp DE now owns 6,266 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 432 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Seacoast Banking Co. of Florida by 22.0% in the second quarter. Ameritas Investment Partners Inc. now owns 6,961 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 1,254 shares during the period. Institutional investors and hedge funds own 81.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SBCF shares. Truist Financial dropped their price objective on shares of Seacoast Banking Co. of Florida from $28.00 to $27.00 and set a “hold” rating on the stock in a research note on Monday, April 1st. 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 research note on Tuesday, January 30th. One 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’s stock. Based on data from MarketBeat, Seacoast Banking Co. of Florida presently has an average rating of “Hold” and an average target price 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.