Seacoast Banking Co. of Florida (SBCF) Set to Announce Quarterly Earnings on Thursday

Seacoast Banking Co. of Florida (NASDAQ:SBCF) is set to release its earnings data after the market closes on Thursday, October 24th. Analysts expect Seacoast Banking Co. of Florida to post earnings of $0.36 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 issued its earnings results on Thursday, July 25th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. The firm had revenue of $201.99 million for the quarter, compared to analysts’ expectations of $126.00 million. Seacoast Banking Co. of Florida had a return on equity of 5.58% and a net margin of 14.84%. During the same quarter last year, the business earned $0.37 earnings per share. 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 Down 3.8 %

Shares of NASDAQ SBCF opened at $26.76 on Tuesday. The firm has a 50 day moving average price of $26.67 and a 200 day moving average price of $25.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $2.27 billion, a P/E ratio of 19.25 and a beta of 1.07. Seacoast Banking Co. of Florida has a 52-week low of $19.04 and a 52-week high of $29.98.

Seacoast Banking Co. of Florida Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Friday, December 13th. Seacoast Banking Co. of Florida’s dividend payout ratio is currently 51.80%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SBCF shares. Truist Financial increased their target price on Seacoast Banking Co. of Florida from $24.00 to $30.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Hovde Group downgraded Seacoast Banking Co. of Florida from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $29.00 to $31.00 in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $31.00 target price on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Seacoast Banking Co. of Florida currently has an average rating of “Hold” and an average target price 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.