Seacoast Banking Co. of Florida (SBCF) Scheduled to Post Quarterly Earnings on Thursday

Seacoast Banking Co. of Florida (NASDAQ:SBCF) will issue its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Seacoast Banking Co. of Florida had a net margin of 14.84% and a return on equity of 5.58%. The business had revenue of $201.99 million for the quarter, compared to analysts’ expectations of $126.00 million. During the same quarter last year, the company earned $0.37 EPS. 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 $27.89 on Thursday. The firm has a fifty day moving average price of $26.48 and a 200 day moving average price of $24.96. Seacoast Banking Co. of Florida has a 1 year low of $19.04 and a 1 year high of $29.98. The stock has a market cap of $2.37 billion, a P/E ratio of 19.92 and a beta of 1.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86.

Seacoast Banking Co. of Florida Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Friday, September 13th. Seacoast Banking Co. of Florida’s payout ratio is currently 51.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Hovde Group cut shares of Seacoast Banking Co. of Florida from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $29.00 to $31.00 in a research note on Monday, July 29th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $31.00 target price on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, August 21st. Finally, Truist Financial raised their price target on shares of Seacoast Banking Co. of Florida from $24.00 to $30.00 and gave the company a “hold” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $29.88.

About Seacoast Banking Co. of Florida

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.