Seacoast Banking Corporation of Florida (SBCF) Scheduled to Post Earnings on Thursday
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) will be announcing its earnings results after the market closes on Thursday, October 26th. Analysts expect the company to announce earnings of $0.33 per share for the quarter.
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. The business had revenue of $54.60 million for the quarter, compared to analyst estimates of $53.90 million. Seacoast Banking Corporation of Florida had a return on equity of 9.20% and a net margin of 17.09%. The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 earnings per share. On average, analysts expect Seacoast Banking Corporation of Florida to post $1.23 EPS for the current fiscal year and $1.64 EPS for the next fiscal year.
Shares of Seacoast Banking Corporation of Florida (SBCF) opened at 24.62 on Tuesday. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 27.39 and a beta of 0.76. Seacoast Banking Corporation of Florida has a 1-year low of $16.82 and a 1-year high of $25.88. The company’s 50 day moving average price is $23.32 and its 200-day moving average price is $23.57.
In related news, Director Roger Goldman sold 2,200 shares of Seacoast Banking Corporation of Florida stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $24.11, for a total value of $53,042.00. Following the transaction, the director now directly owns 20,072 shares in the company, valued at approximately $483,935.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.
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SBCF has been the topic of a number of recent research reports. FBR & Co restated a “buy” rating and issued a $27.00 target price on shares of Seacoast Banking Corporation of Florida in a report on Tuesday, September 5th. BidaskClub upgraded Seacoast Banking Corporation of Florida from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research cut Seacoast Banking Corporation of Florida from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.67.
About Seacoast Banking Corporation of Florida
Seacoast Banking Corporation of Florida is a bank holding company. The Company’s principal subsidiary is Seacoast National Bank, a national banking association (the Bank). The Company and its subsidiaries offer an array of deposit accounts and retail banking services, engage in consumer and commercial lending and provide a range of trust and asset management services, as well as securities and annuity products to its customers.
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