Seacoast Banking Corporation of Florida (SBCF) Scheduled to Post Quarterly Earnings on Thursday
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) is scheduled to issue its quarterly earnings data 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 announced its earnings results on Thursday, July 27th. The financial services provider reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. Seacoast Banking Corporation of Florida had a net margin of 17.09% and a return on equity of 9.20%. The business had revenue of $54.60 million during the quarter, compared to analysts’ expectations of $53.90 million. During the same period in the prior year, the company earned $0.24 earnings per share. The firm’s revenue was up 25.2% on a year-over-year basis. 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 (NASDAQ SBCF) opened at 24.57 on Thursday. Seacoast Banking Corporation of Florida has a one year low of $16.82 and a one year high of $25.88. The firm’s 50-day moving average is $23.17 and its 200-day moving average is $23.56. The stock has a market capitalization of $1.05 billion, a PE ratio of 27.33 and a beta of 0.76.
In related news, Director Roger Goldman sold 2,200 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $24.11, for a total value of $53,042.00. Following the completion of the transaction, the director now directly owns 20,072 shares in the company, valued at approximately $483,935.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.
SBCF has been the subject of several research reports. BidaskClub cut shares of Seacoast Banking Corporation of Florida from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. FBR & Co restated a “buy” rating and set a $27.00 price objective on shares of Seacoast Banking Corporation of Florida in a research note on Tuesday, September 5th. Finally, Zacks Investment Research cut shares of Seacoast Banking Corporation of Florida from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $24.67.
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Seacoast Banking Corporation of Florida Company Profile
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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