After finishing at $24.45 in the prior trading day, Seacoast Banking Corp. Of Florida (NASDAQ: SBCF) closed at $23.61, down -3.44%. In other words, the price has decreased by -$0.66 from its previous closing price. On the day, 435358 shares were traded.
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Ratios:
Our goal is to gain a better understanding of SBCF by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 2.01B. As of this moment, Seacoast’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.28, and their Forward P/E ratio for the next fiscal year is 13.85. 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 2.61 while its Price-to-Book (P/B) ratio in mrq is 0.95.
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 25.24, while the 200-Day Moving Average is calculated to be 23.81.
Shares Statistics:
The stock has traded on average 439.99K shares per day over the past 3-months and 345.74k shares per day over the last 10 days, according to various share statistics. A total of 84.86M shares are outstanding, with a floating share count of 83.81M. Insiders hold about 1.27% of the company’s shares, while institutions hold 82.09% stake in the company. Shares short for SBCF as of Feb 29, 2024 were 1.81M with a Short Ratio of 4.12, compared to 1.72M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.14% and a Short% of Float of 2.41%.
Dividends & Splits
In the trailing 12 months, SBCF’s forward annual dividend rate was 0.71, compared to 0.89 this year. Against a Trailing Annual Dividend Yield of 2.93%, it implies a Forward Annual Dividend Yield of 3.05%. The stock’s 5-year Average Dividend Yield is 3.83. The current Payout Ratio is 57.55% for SBCF, which recently paid a dividend on Mar 29, 2024 with an ex-dividend date of Mar 14, 2024. Stock splits for the company last occurred on Dec 13, 2013 when the company split stock in a 1:5 ratio.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of $0.34 for the current quarter, with a high estimate of $0.37 and a low estimate of $0.31, while EPS last year was $0.36. The consensus estimate for the next quarter is $0.37, with high estimates of $0.39 and low estimates of $0.34.
Analysts are recommending an EPS of between $1.55 and $1.34 for the fiscal current year, implying an average EPS of $1.48. EPS for the following year is $1.7, with 6 analysts recommending between $1.8 and $1.61.
Revenue Estimates
6 analysts predict $127.47M in revenue for the current quarter. It ranges from a high estimate of $129.8M to a low estimate of $124.44M. As of the current estimate, Seacoast Banking Corp. Of Florida’s year-ago sales were $156.29M, an estimated decrease of -18.40% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $129.08M, a decrease of -16.50% over than the figure of -$18.40% in the same quarter last year. There is a high estimate of $132.4M for the next quarter, whereas the lowest estimate is $124.2M.
A total of 6 analysts have provided revenue estimates for SBCF’s current fiscal year. The highest revenue estimate was $533.2M, while the lowest revenue estimate was $501.9M, resulting in an average revenue estimate of $522.49M. In the same quarter a year ago, actual revenue was $567.39M, down -7.90% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $559.18M in the next fiscal year. The high estimate is $576.6M and the low estimate is $539.29M. The average revenue growth estimate for next year is up 7.00% from the average revenue estimate for this year.
