Seacoast Banking Co. of Florida (SBCF) to Release Earnings on Thursday

Seacoast Banking Co. of Florida (NASDAQ:SBCF) is scheduled to be announcing its earnings results 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 wish to register for the company’s conference call can do so using this link.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). The business had revenue of $128.16 million for 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

Seacoast Banking Co. of Florida stock opened at $23.18 on Tuesday. The stock’s 50 day simple moving average is $24.10 and its two-hundred day simple moving average is $24.38. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 18.69 and a beta of 1.16. Seacoast Banking Co. of Florida has a fifty-two week low of $17.93 and a fifty-two week high of $29.98.

Seacoast Banking Co. of Florida Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.72 annualized dividend and a yield of 3.11%. Seacoast Banking Co. of Florida’s payout ratio is 58.06%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Truist Financial dropped their price target on Seacoast Banking Co. of Florida from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Monday, April 1st. Raymond James boosted their target price on shares of Seacoast Banking Co. of Florida from $23.00 to $27.50 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.63.

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.