Wall Street analysts predict that Seacoast Banking Co. of Florida (NASDAQ: SBCF) will report earnings per share (EPS) of $ 0.53 for the current fiscal quarter, according to Zack. Five analysts have estimated Seacoast Banking Co. of Florida’s earnings, with estimates ranging from $ 0.50 to $ 0.56. Seacoast Banking Co. of Florida posted earnings per share of $ 0.55 in the same quarter last year, indicating a negative growth rate of 3.6% year-over-year. The company is expected to publish its next results on Thursday, January 27.
On average, analysts expect Seacoast Banking Co. of Florida to report annual profit of $ 2.09 per share for the current fiscal year, with EPS estimates ranging from $ 2.06 to 2.12. $. For the next fiscal year, analysts expect the company to report earnings of $ 1.99 per share, with EPS estimates ranging from $ 1.76 to $ 2.10. Zacks’ earnings per share calculations are an average based on a survey of research companies that cover Seacoast Banking Co. of Florida.
Seacoast Banking Co. of Florida (NASDAQ: SBCF) last reported its results on Wednesday, October 27. The financial services provider reported $ 0.40 of EPS for the quarter, missing the consensus estimate of $ 0.49 ($ 0.09). Seacoast Banking Co. of Florida reported a return on equity of 10.83% and a net margin of 33.56%. The company posted revenue of $ 90.35 million in the quarter, compared to a consensus estimate of $ 85.84 million. In the same quarter of the previous year, the company made EPS of $ 0.50.
Several research analysts commented on the company. B. Riley downgraded Seacoast Banking Co. of Florida from a âbuyâ rating to a âneutralâ rating and set a target price of $ 36.00 for the company. in a research note on Wednesday October 6. Zacks investment research downgraded Seacoast Banking Co. of Florida from a “buy” note to a “wait” note in a research report released on Wednesday, November 3. Finally, Raymond James raised his price target on Seacoast Banking Co. of Florida from $ 37.00 to $ 39.00 and gave the company an “outperformance” rating in a research report published on Monday, November 1.
The NASDAQ SBCF traded up $ 0.23 during trading hours on Friday, reaching $ 34.54. The company had a trade volume of 106,847 shares, compared to its average volume of 234,403. Seacoast Banking Co. of Florida has a 52-week low of $ 28.52 and a 52-week high of 40.93 $. The company’s 50-day moving average is $ 35.80. The company has a debt to equity ratio of 0.06, a current ratio of 0.84, and a rapid ratio of 0.83. The company has a market cap of $ 2.02 billion, a price-to-earnings ratio of 16.53 and a beta of 1.29.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 31. Shareholders of record on Wednesday, December 15 will receive a dividend of $ 0.13 per share. The ex-dividend date for this dividend is Tuesday, December 14. This represents a dividend of $ 0.52 on an annualized basis and a dividend yield of 1.51%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is currently 24.88%.
In other news, the president Dennis S. Hudson III sold 8,000 shares of Seacoast Banking Co. of Florida in a transaction dated Tuesday, November 2. The stock was sold for an average price of $ 37.32, for a total trade of $ 298,560.00. The sale was disclosed in a file with the Securities & Exchange Commission, which can be accessed via the SEC website. Company insiders own 2.20% of the company’s shares.
A number of large investors have recently increased or reduced their holdings in SBCF. First Trust Advisors LP increased its position in Seacoast Banking Co. of Florida by 4.8% in the 1st quarter. First Trust Advisors LP now owns 125,697 shares of the financial services provider valued at $ 3,312,000 after purchasing an additional 5,739 shares in the last quarter. Alliancebernstein LP increased its stake in Seacoast Banking Co. of Florida by 3.8% in the 2nd quarter. Alliancebernstein LP now owns 86,797 shares of the financial services provider valued at $ 2,964,000 after purchasing an additional 3,217 shares during the period. The New York State Common Retirement Fund increased its stake in Seacoast Banking Co. of Florida by 0.9% in the 2nd quarter. The New York State Pooled Retirement Fund now owns 47,028 shares of the financial services provider valued at $ 1,606,000 after purchasing an additional 428 shares during the period. Handelsbanken Fonder AB increased its stake in Seacoast Banking Co. of Florida by 157.6% in the second quarter. Handelsbanken Fonder AB now owns 14,709 shares of the financial services provider valued at $ 502,000 after purchasing an additional 9,000 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Seacoast Banking Co. of Florida by 565.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 47,267 shares of the financial services provider valued at $ 1,614,000 after purchasing an additional 40,168 shares during the period. Institutional investors hold 85.60% of the shares of the company.
Seacoast Banking Co. of Florida Company Profile
Seacoast Banking Corp. of Florida is a financial holding company that provides integrated financial services. It provides banking and investment services to businesses and consumers, including personal and commercial deposit products, internet and mobile banking, personal, business and mortgage loans, wealth management services and banking solutions. cash management.
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