Equities research analysts predict that Seacoast Banking Co. of Florida (NASDAQ:SBCF) will report sales of $85.84 million for the current quarter, Zacks reports. Five analysts have provided estimates for Seacoast Banking Co. of Florida’s earnings, with the highest sales estimate coming in at $87.70 million and the lowest estimate coming in at $82.60 million. Seacoast Banking Co. of Florida reported sales of $80.45 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The firm is expected to announce its next quarterly earnings report after the market closes on Thursday, October 28th.
On average, analysts expect that Seacoast Banking Co. of Florida will report full year sales of $338.76 million for the current fiscal year, with estimates ranging from $334.60 million to $343.50 million. For the next year, analysts expect that the company will report sales of $366.33 million, with estimates ranging from $341.30 million to $389.80 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Seacoast Banking Co. of Florida.
Seacoast Banking Co. of Florida (NASDAQ:SBCF) last issued its earnings results on Wednesday, July 21st. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.03. The company had revenue of $81.12 million during the quarter, compared to analysts’ expectations of $83.08 million. Seacoast Banking Co. of Florida had a net margin of 34.16% and a return on equity of 11.11%.
Shares of SBCF stock traded up $0.36 during trading hours on Monday, hitting $36.51. The company’s stock had a trading volume of 2,045 shares, compared to its average volume of 222,491. The business has a fifty day moving average of $32.46 and a 200-day moving average of $34.22. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 17.13 and a beta of 1.35. Seacoast Banking Co. of Florida has a twelve month low of $19.15 and a twelve month high of $40.93. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 30th. Investors of record on Wednesday, September 15th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, September 14th. This represents a $0.52 dividend on an annualized basis and a yield of 1.42%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is currently 31.52%.
In related news, Chairman Dennis S. Hudson III sold 3,206 shares of the firm’s stock in a transaction that occurred on Tuesday, August 31st. The shares were sold at an average price of $31.93, for a total transaction of $102,367.58. Following the sale, the chairman now owns 178,538 shares in the company, valued at $5,700,718.34. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in SBCF. Selective Wealth Management Inc. acquired a new position in shares of Seacoast Banking Co. of Florida in the 2nd quarter valued at $34,000. FORA Capital LLC acquired a new position in shares of Seacoast Banking Co. of Florida in the 1st quarter valued at $43,000. First Horizon Advisors Inc. boosted its holdings in shares of Seacoast Banking Co. of Florida by 56.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,463 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 527 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Seacoast Banking Co. of Florida in the 1st quarter valued at $50,000. Finally, TFC Financial Management acquired a new position in shares of Seacoast Banking Co. of Florida in the 2nd quarter valued at $58,000. Institutional investors own 85.66% 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.
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