The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The price of Seacoast Banking Corp. Of Florida (NASDAQ: SBCF) closed at $23.64 in the last session, down -1.17% from day before closing price of $23.92. In other words, the price has decreased by -$1.17 from its previous closing price. On the day, 0.4 million shares were traded. SBCF stock price reached its highest trading level at $23.75 during the session, while it also had its lowest trading level at $23.24.
Ratios:
We take a closer look at SBCF’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.10.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Truist on January 05, 2024, Downgraded its rating to Hold and sets its target price to $29 from $33 previously.
On September 13, 2023, Stephens started tracking the stock assigning a Equal-Weight rating and target price of $23.
Hovde Group Upgraded its Market Perform to Outperform on March 17, 2023, while the target price for the stock was maintained at $33.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 31 ’23 when Lipstein Robert J bought 1,250 shares for $19.99 per share. The transaction valued at 24,987 led to the insider holds 15,165 shares of the business.
STALLINGS JAMES C III sold 2,990 shares of SBCF for $71,105 on Aug 04 ’23. The EVP, Chief Credit Officer now owns 0 shares after completing the transaction at $23.78 per share. On May 02 ’23, another insider, FOGAL CHRISTOPHER E, who serves as the Director of the company, bought 2,385 shares for $20.66 each. As a result, the insider paid 49,274 and bolstered with 6,875 shares of the company.
Valuation Measures:
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 2007688448 and an Enterprise Value of 2114514816. As of this moment, Seacoast’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.30, and their Forward P/E ratio for the next fiscal year is 13.83. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.62 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at 4.007.
Stock Price History:
Over the past 52 weeks, SBCF has reached a high of $29.98, while it has fallen to a 52-week low of $17.93. The 50-Day Moving Average of the stock is -1.73%, while the 200-Day Moving Average is calculated to be -1.54%.
Shares Statistics:
According to the various share statistics, SBCF traded on average about 428.57K shares per day over the past 3-months and 451260 shares per day over the past 10 days. A total of 84.86M shares are outstanding, with a floating share count of 83.34M. Insiders hold about 1.86% of the company’s shares, while institutions hold 82.04% stake in the company. Shares short for SBCF as of 1713139200 were 2045683 with a Short Ratio of 4.77, compared to 1710460800 on 2024165. Therefore, it implies a Short% of Shares Outstanding of 2045683 and a Short% of Float of 2.86.
Dividends & Splits
The forward annual dividend rate for SBCF is 0.72, which was 0.71 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.029682273The stock’s 5-year Average Dividend Yield is 3.83.
