Seacoast Banking Co. of Florida (SBCF) Stock Price, News & Analysis

Company Overview

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. It also provides wealth management, mortgage, and insurance services through online and mobile banking solutions, as well as brokerage and annuity services. Seacoast Banking Corporation of Florida was founded in 1926 and is headquartered in Stuart, Florida.

Key Stats

• Today's Range: $28.99 to $29.95
• 50-Day Range: $25.58 to $30.46
• 52-Week Range: $21.23 to $30.78
• Volume: 343,478 shs
• Average Volume: 446,060 shs
• Market Capitalization: $2.52 billion
• P/E Ratio: 21.38
• Dividend Yield: 2.44%
• Price Target: $28.70
• Consensus Rating: Hold

Seacoast Banking Co. of Florida Stock Analysis - MarketRank™

Seacoast Banking Co. of Florida scored higher than 72% of companies evaluated by MarketBeat, and ranked 395th out of 963 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Seacoast Banking Co. of Florida has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Seacoast Banking Co. of Florida has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 11.97%

Earnings Growth

Earnings for Seacoast Banking Co. of Florida are expected to grow by 11.97% in the coming year, from $1.42 to $1.59 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Seacoast Banking Co. of Florida is 21.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.61.

Price to Earnings Ratio vs. Sector

The P/E ratio of Seacoast Banking Co. of Florida is 21.38, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 28.42.

Price to Book Value per Share Ratio

Seacoast Banking Co. of Florida has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.50% of the outstanding shares of Seacoast Banking Co. of Florida have been sold short.

Short Interest Ratio / Days to Cover

Seacoast Banking Co. of Florida has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Seacoast Banking Co. of Florida has recently decreased by 9.22%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Seacoast Banking Co. of Florida pays a meaningful dividend of 2.44%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Seacoast Banking Co. of Florida does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Seacoast Banking Co. of Florida is 52.17%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Seacoast Banking Co. of Florida will have a dividend payout ratio of 45.28% next year. This indicates that Seacoast Banking Co. of Florida will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.50% of the outstanding shares of Seacoast Banking Co. of Florida have been sold short.

Short Interest Ratio / Days to Cover

Seacoast Banking Co. of Florida has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Seacoast Banking Co. of Florida has recently decreased by 9.22%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.90

News Sentiment

Seacoast Banking Co. of Florida has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Seacoast Banking Co. of Florida this week, compared to 3 articles on an average week.

MarketBeat Follows

4 people have added Seacoast Banking Co. of Florida to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Seacoast Banking Co. of Florida insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $645,302.00 in company stock.

Percentage Held by Insiders

Only 1.50% of the stock of Seacoast Banking Co. of Florida is held by insiders.

Percentage Held by Institutions

81.77% of the stock of Seacoast Banking Co. of Florida is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SBCF Stock Analysis - Frequently Asked Questions

How have SBCF shares performed this year?

Seacoast Banking Co. of Florida's stock was trading at $28.46 at the beginning of the year. Since then, SBCF shares have increased by 3.7% and is now trading at $29.50.
View the best growth stocks for 2024 here.

How were Seacoast Banking Co. of Florida's earnings last quarter?

Seacoast Banking Co. of Florida (NASDAQ:SBCF) released its earnings results on Thursday, October, 24th. The financial services provider reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The firm's revenue was up 5.5% compared to the same quarter last year.

Who are Seacoast Banking Co. of Florida's major shareholders?

Seacoast Banking Co. of Florida's top institutional investors include State Street Corp (4.96%), Wellington Management Group LLP (4.88%), Geode Capital Management LLC (2.37%) and Segall Bryant & Hamill LLC (2.17%). Insiders that own company stock include Dennis S Hudson III, Charles M Shaffer, Juliette Kleffel, Robert J Lipstein, Christopher E Fogal and James C Stallings III.
View institutional ownership trends.

How do I buy shares of Seacoast Banking Co. of Florida?

Shares of SBCF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Seacoast Banking Co. of Florida own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Seacoast Banking Co. of Florida investors own include American Water Works (AWK), DiamondRock Hospitality (DRH), Waste Connections (WCN), The RMR Group (RMR), AUO (AUOTY), Humana (HUM) and Voyager Therapeutics (VYGR).

Company Calendar

• Ex-Dividend for 9/30 Dividend: 9/13/2024
• Dividend Payable: 9/30/2024
• Last Earnings: 10/24/2024
• Today: 11/16/2024
• Ex-Dividend for 12/31 Dividend: 12/13/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 1/23/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:SBCF
• CUSIP: 81170730
• CIK: 730708
• Web: www.seacoastbanking.com
• Phone: (772) 287-4000
• Fax: 772-288-6012
• Employees: 1,541
• Year Founded: 1926

Price Target and Rating

• Average Stock Price Target: $28.70
• High Stock Price Target: $31.00
• Low Stock Price Target: $26.00
• Potential Upside/Downside: -2.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.38
• Trailing P/E Ratio: 21.38
• Forward P/E Ratio: 20.77
• P/E Growth: N/A
• Net Income: $104.03 million
• Net Margins: 14.55%
• Pretax Margin: 18.75%
• Return on Equity: 5.44%
• Return on Assets: 0.78%

Debt

• Debt-to-Equity Ratio: 0.16
• Current Ratio: 0.86
• Quick Ratio: 0.86

Sales & Book Value

• Annual Sales: $510.68 million
• Price / Sales: 4.94
• Cash Flow: $1.20 per share
• Price / Cash Flow: 24.52
• Book Value: $25.68 per share
• Price / Book: 1.15

Miscellaneous

• Outstanding Shares: 85,441,000
• Free Float: 84,159,000
• Market Cap: $2.52 billion
• Optionable: Optionable
• Beta: 1.07