Seacoast Banking Co. of Florida (NASDAQ:SBCF – Get Ranking) declared a quarterly dividend on Wednesday, January 18th, Zacks reviews. Stockholders of file on Wednesday, March fifteenth shall be paid a dividend of 0.17 per share by the monetary providers supplier on Friday, March thirty first. This represents a $0.68 dividend on an annualized foundation and a dividend yield of two.18%. The ex-dividend date of this dividend is Tuesday, March 14th.
Seacoast Banking Co. of Florida has a dividend payout ratio of 23.9% that means its dividend is sufficiently lined by earnings. Equities analysts anticipate Seacoast Banking Co. of Florida to earn $2.09 per share subsequent yr, which suggests the corporate ought to proceed to have the ability to cowl its $0.68 annual dividend with an anticipated future payout ratio of 32.5%.
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Seacoast Banking Co. of Florida Worth Efficiency
Shares of SBCF opened at $31.20 on Friday. Seacoast Banking Co. of Florida has a 1 yr low of $29.05 and a 1 yr excessive of $38.74. The corporate has a debt-to-equity ratio of 0.06, a present ratio of 0.77 and a fast ratio of 0.77. The corporate has a market capitalization of $1.92 billion, a price-to-earnings ratio of 16.00 and a beta of 1.09. The enterprise has a 50-day shifting common of $32.28 and a 200-day shifting common of $32.53.
Seacoast Banking Co. of Florida (NASDAQ:SBCF – Get Ranking) final issued its quarterly earnings knowledge on Thursday, October twenty seventh. The monetary providers supplier reported $0.47 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $0.61 by ($0.14). Seacoast Banking Co. of Florida had a return on fairness of 9.80% and a web margin of 30.14%. The corporate had income of $104.39 million for the quarter, in comparison with the consensus estimate of $105.57 million. As a bunch, equities analysis analysts anticipate that Seacoast Banking Co. of Florida will publish 1.47 earnings per share for the present yr.
Institutional Traders Weigh In On Seacoast Banking Co. of Florida
Hedge funds have just lately added to or decreased their stakes within the firm. Royal Financial institution of Canada grew its stake in Seacoast Banking Co. of Florida by 4.0% within the third quarter. Royal Financial institution of Canada now owns 21,624 shares of the monetary providers supplier’s inventory valued at $654,000 after buying a further 829 shares in the course of the interval. Hsbc Holdings PLC grew its stake in Seacoast Banking Co. of Florida by 61.5% within the first quarter. Hsbc Holdings PLC now owns 17,180 shares of the monetary providers supplier’s inventory valued at $610,000 after buying a further 6,545 shares in the course of the interval. Two Sigma Advisers LP acquired a brand new stake in Seacoast Banking Co. of Florida within the third quarter valued at roughly $556,000. American Century Firms Inc. grew its stake in Seacoast Banking Co. of Florida by 20.1% within the first quarter. American Century Firms Inc. now owns 14,501 shares of the monetary providers supplier’s inventory valued at $508,000 after buying a further 2,424 shares in the course of the interval. Lastly, Lecturers Retirement System of The State of Kentucky acquired a brand new stake in Seacoast Banking Co. of Florida within the third quarter valued at roughly $506,000. Institutional traders and hedge funds personal 86.92% of the corporate’s inventory.
Wall Avenue Analysts Forecast Progress
Quite a lot of equities analysis analysts have weighed in on the corporate. Hovde Group lowered their goal value on Seacoast Banking Co. of Florida to $34.00 in a report on Friday, November 4th. StockNews.com downgraded Seacoast Banking Co. of Florida from a “maintain” ranking to a “promote” ranking in a report on Monday, October thirty first.
About Seacoast Banking Co. of Florida
Seacoast Banking Company of Florida operates because the financial institution holding firm for Seacoast Nationwide Financial institution that gives monetary providers to retail and business clients in Florida. It affords business and retail banking, wealth administration, and mortgage providers; and brokerage and annuity providers.
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