Seacoast Banking Co. of Florida (SBCF) Projected to Post Earnings on Monday

Seacoast Banking Co. of Florida (NASDAQ:SBCF) is expected to be posting its quarterly 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. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $129.20 million. During the same quarter last year, the company earned $0.37 earnings per share. The firm’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 Trading Up 1.2 %

Seacoast Banking Co. of Florida stock opened at $27.08 on Monday. The stock has a 50-day moving average of $28.46 and a two-hundred day moving average of $27.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.86 and a current ratio of 0.86. Seacoast Banking Co. of Florida has a one year low of $21.90 and a one year high of $31.68. The stock has a market cap of $2.31 billion, a PE ratio of 19.62 and a beta of 1.09.

Seacoast Banking Co. of Florida Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Friday, December 13th. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is presently 52.17%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SBCF shares. Truist Financial decreased their price target on Seacoast Banking Co. of Florida from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Stephens raised their price objective on Seacoast Banking Co. of Florida from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.70.

Insider Transactions at Seacoast Banking Co. of Florida

In related news, CEO Charles M. Shaffer sold 21,255 shares of Seacoast Banking Co. of Florida stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $30.36, for a total transaction of $645,301.80. Following the completion of the transaction, the chief executive officer now directly owns 126,232 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.

Seacoast Banking Co. of Florida Company Profile

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.