In the latest session, Seacoast Banking Corporation of Florida (NASDAQ: SBCF) closed at $21.20 down -1.03% from its previous closing price of $21.42. In other words, the price has decreased by -$0.22 from its previous closing price. On the day, 520230 shares were traded. SBCF stock price reached its highest trading level at $21.79 during the session, while it also had its lowest trading level at $20.76.
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For a deeper understanding of Seacoast Banking Corporation of Florida’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.33 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.74. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.05.
Upgrades & Downgrades
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 02 when FOGAL CHRISTOPHER E bought 2,385 shares for $20.66 per share. The transaction valued at 49,274 led to the insider holds 6,875 shares of the business.
Shaffer Charles M sold 4,697 shares of SBCF for $144,245 on Feb 27. The Chairman, President & CEO now owns 60,891 shares after completing the transaction at $30.71 per share. On Feb 14, another insider, Kleffel Juliette, who serves as the EVP, Chief Banking Officer of the company, sold 8,500 shares for $31.88 each. As a result, the insider received 270,980 and left with 38,354 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SBCF now has a Market Capitalization of 1.88B. As of this moment, Seacoast’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.30, and their Forward P/E ratio for the next fiscal year is 10.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.59. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.01 while its Price-to-Book (P/B) ratio in mrq is 0.83.
Stock Price History:
Over the past 52 weeks, SBCF has reached a high of $36.92, while it has fallen to a 52-week low of $17.93. The 50-Day Moving Average of the stock is 22.21, while the 200-Day Moving Average is calculated to be 29.42.
For the past three months, SBCF has traded an average of 1.01M shares per day and 660.56k over the past ten days. A total of 80.15M shares are outstanding, with a floating share count of 60.62M. Insiders hold about 0.90% of the company’s shares, while institutions hold 91.10% stake in the company. Shares short for SBCF as of May 14, 2023 were 3.02M with a Short Ratio of 2.92M, compared to 4.17M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.57% and a Short% of Float of 4.04%.
Dividends & Splits
According to the company, the forward annual dividend rate for SBCF is 0.72, from 0.68 in the trailing year. Against a Trailing Annual Dividend Yield of 3.17%, it implies a Forward Annual Dividend Yield of 3.40%. The current Payout Ratio is 45.50% for SBCF, which recently paid a dividend on Jun 29, 2023 with an ex-dividend date of Jun 13, 2023. Stock splits for the company last occurred on Dec 12, 2013 when the company split stock in a 1:5 ratio.
There are 5 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.53 for the current quarter, with a high estimate of $0.58 and a low estimate of $0.5, while EPS last year was $0.53. The consensus estimate for the next quarter is $0.52, with high estimates of $0.54 and low estimates of $0.5.
Analysts are recommending an EPS of between $2.24 and $1.53 for the fiscal current year, implying an average EPS of $1.86. EPS for the following year is $2.09, with 5 analysts recommending between $2.32 and $1.91.
A total of 5 analysts believe the company’s revenue will be $154.87M this quarter.It ranges from a high estimate of $157.6M to a low estimate of $153.54M. As of the current estimate, Seacoast Banking Corporation of Florida’s year-ago sales were $98.61M, an estimated increase of 57.10% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $150.9M, an increase of 43.90% less than the figure of $57.10% in the same quarter last year. There is a high estimate of $153.2M for the next quarter, whereas the lowest estimate is $149.4M.
A total of 5 analysts have provided revenue estimates for SBCF’s current fiscal year. The highest revenue estimate was $612.8M, while the lowest revenue estimate was $604.2M, resulting in an average revenue estimate of $608.73M. In the same quarter a year ago, actual revenue was $432.25M, up 40.80% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $617.3M in the next fiscal year. The high estimate is $638.6M and the low estimate is $605.9M. The average revenue growth estimate for next year is up 1.40% from the average revenue estimate for this year.