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

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Thursday, April 24th. Analysts expect the company to announce earnings of $0.40 per share and revenue of $138.41 million for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Seacoast Banking Co. of Florida (NASDAQ:SBCF - Get Free Report) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.15. Seacoast Banking Co. of Florida had a return on equity of 5.91% and a net margin of 14.95%. On average, analysts expect Seacoast Banking Co. of Florida to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Seacoast Banking Co. of Florida Stock Up 0.4 %

Shares of SBCF traded up $0.10 on Friday, reaching $22.95. The stock had a trading volume of 564,082 shares, compared to its average volume of 424,798. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85. Seacoast Banking Co. of Florida has a 12-month low of $21.36 and a 12-month high of $31.68. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 16.05 and a beta of 0.97. The company has a 50-day simple moving average of $25.85 and a 200-day simple moving average of $27.26.

Seacoast Banking Co. of Florida Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.72 annualized dividend and a dividend yield of 3.14%. Seacoast Banking Co. of Florida's payout ratio is 50.35%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SBCF. Raymond James reaffirmed an "outperform" rating and set a $31.00 target price (up previously from $29.00) on shares of Seacoast Banking Co. of Florida in a research note on Wednesday, January 29th. StockNews.com upgraded Seacoast Banking Co. of Florida from a "sell" rating to a "hold" rating in a research note on Friday, April 11th. Finally, Stephens increased their target price on Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the stock an "equal weight" rating in a research note on Monday, March 3rd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Seacoast Banking Co. of Florida presently has an average rating of "Hold" and an average price target of $30.00.

Seacoast Banking Co. of Florida Company Profile

Seacoast Banking Corp. of Florida is a financial holding company, which engages in the provision of integrated financial services. It provides banking and investment services to businesses and consumers, including personal and business deposit products, Internet and mobile banking, personal, commercial and mortgage loans, wealth management services, and treasury management solutions.