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

Seacoast Banking Co. of Florida (NASDAQ:SBCF) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last posted its 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 business had revenue of $128.16 million during the quarter, compared to analysts’ expectations of $135.33 million. Seacoast Banking Co. of Florida had a net margin of 13.54% and a return on equity of 5.04%. 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

NASDAQ:SBCF opened at $22.06 on Thursday. The firm has a market capitalization of $1.87 billion, a PE ratio of 17.79 and a beta of 1.16. The business’s fifty day moving average price is $24.22 and its 200 day moving average price is $24.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.85 and a quick ratio of 0.85. Seacoast Banking Co. of Florida has a 12 month low of $17.93 and a 12 month high of $29.98.

Seacoast Banking Co. of Florida Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Raymond James raised their price objective on Seacoast Banking Co. of Florida from $23.00 to $27.50 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Truist Financial dropped their price objective on Seacoast Banking Co. of Florida from $28.00 to $27.00 and set a “hold” rating on the stock in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Seacoast Banking Co. of Florida currently has an average rating of “Hold” and an average target price of $25.63.

Institutional Investors Weigh In On Seacoast Banking Co. of Florida

A number of institutional investors have recently added to or reduced their stakes in SBCF. Fairfield Bush & CO. purchased a new stake in shares of Seacoast Banking Co. of Florida during the 1st quarter worth approximately $60,000. JPMorgan Chase & Co. boosted its stake in shares of Seacoast Banking Co. of Florida by 30.8% during the 1st quarter. JPMorgan Chase & Co. now owns 80,608 shares of the financial services provider’s stock worth $2,823,000 after acquiring an additional 19,003 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Seacoast Banking Co. of Florida by 167.7% during the 1st quarter. Raymond James & Associates now owns 26,483 shares of the financial services provider’s stock worth $927,000 after acquiring an additional 16,591 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Seacoast Banking Co. of Florida by 20.1% during the 1st quarter. American Century Companies Inc. now owns 14,501 shares of the financial services provider’s stock worth $508,000 after acquiring an additional 2,424 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Seacoast Banking Co. of Florida by 22.0% during the 1st quarter. US Bancorp DE now owns 4,025 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 726 shares in the last quarter. Hedge funds and other institutional investors own 81.77% of the company’s stock.

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.