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

Seacoast Banking Co. of Florida (NASDAQ:SBCF) will 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 registering for 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 analysts’ consensus estimates of $0.40 by ($0.05). Seacoast Banking Co. of Florida had a return on equity of 5.04% and a net margin of 13.54%. The company had revenue of $128.16 million during the quarter, compared to the consensus estimate of $135.33 million. 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 Trading Up 3.6 %

NASDAQ:SBCF opened at $24.01 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.07. Seacoast Banking Co. of Florida has a 12 month low of $17.93 and a 12 month high of $29.98. The company has a market cap of $2.04 billion, a PE ratio of 19.36 and a beta of 1.16. The company has a 50 day simple moving average of $24.10 and a two-hundred day simple moving average of $24.38.

Seacoast Banking Co. of Florida Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Thursday, June 13th. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is presently 58.06%.

Analysts Set New Price Targets

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

Seacoast Banking Co. of Florida Company Profile

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.