Seacoast Banking Co. of Florida (NASDAQ:SBCF) – Equity analysts Truist Financial raised their third-quarter 2022 earnings per share estimates for shares of Seacoast Banking Co. of Florida in a report released Monday, January 31. Truist Financial analyst Young now expects the financial services provider to post earnings of $0.53 per share for the quarter, up from its previous estimate of $0.52.

A number of other equity research analysts have also weighed in on SBCF recently. Keefe, Bruyette & Woods launched coverage on Florida’s Seacoast Banking Co. in a Monday, Jan. 17, report. They issued a “market performance” rating on the stock. Raymond James raised his price target on Seacoast Banking Co. of Florida from $37.00 to $39.00 and gave the stock an “outperform” rating in a Monday, Nov. 1, report. Zacks Investment Research upgraded Florida’s Seacoast Banking Co. from a “hold” rating to a “sell” rating in a Thursday, Jan. 13, report. Finally, B. Riley downgraded Seacoast Banking Co. of Florida from a “buy” rating to a “neutral” rating and set a target price of $36.00 for the stock. in a report on Wednesday, October 6.

SBCF opened at $36.26 on Thursday. The company has a market capitalization of $2.12 billion, a PE ratio of 16.63 and a beta of 1.29. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt ratio of 0.05. The stock has a 50-day moving average price of $35.84. Seacoast Banking Co. of Florida has a 1-year minimum of $29.28 and a 1-year maximum of $40.93. Seacoast Banking Co. of Florida (NASDAQ:SBCF) last released its quarterly results on Thursday, January 27. The financial services provider reported earnings per share of $0.62 for the quarter, beating analysts’ consensus estimate of $0.52 by $0.10. Seacoast Banking Co. of Florida recorded a return on equity of 10.93% and a net margin of 35.05%. During the same period of the previous year, the company posted EPS of $0.55.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, March 31. Shareholders of record on Tuesday, March 15 will receive a dividend of $0.13 per share. This represents a dividend of $0.52 on an annualized basis and a yield of 1.43%. The ex-dividend date is Monday, March 14. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is currently 23.85%.

A number of large investors have recently changed their positions in the company. BlackRock Inc. increased its stake in shares of Seacoast Banking Co. of Florida by 0.5% during the 2nd quarter. BlackRock Inc. now owns 8,171,456 shares of the financial services provider worth $279,056,000 after purchasing an additional 37,877 shares during the period. Capital World Investors increased its stake in shares of Seacoast Banking Co. of Florida by 5.1% during the third quarter. Capital World Investors now owns 4,106,901 shares of the financial services provider worth $138,854,000 after purchasing an additional 200,000 shares during the period. Vanguard Group Inc. increased its stake in shares of Seacoast Banking Co. of Florida by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 3,537,874 shares of the financial services provider worth $120,818,000 after purchasing an additional 104,235 shares during the period. State Street Corp increased its stake in shares of Seacoast Banking Co. of Florida by 7.9% during the 2nd quarter. State Street Corp now owns 2,328,402 shares of the financial services provider worth $79,515,000 after purchasing an additional 170,019 shares during the period. Finally, Segall Bryant & Hamill LLC increased its stake in shares of Seacoast Banking Co. of Florida by 5.9% during the third quarter. Segall Bryant & Hamill LLC now owns 1,539,843 shares of the financial services provider worth $52,062,000 after purchasing an additional 86,072 shares during the period. Hedge funds and other institutional investors own 81.64% of the company’s shares.

About Seacoast Banking Co. of Florida

Seacoast Banking Corp. of Florida is a financial holding company that provides integrated financial services. It provides business and consumer banking and investment services, including personal and commercial deposit products, internet and mobile banking, personal, commercial and mortgage loans, wealth management services and solutions. cash management.

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Earnings history and estimates for Seacoast Banking Co. of Florida (NASDAQ:SBCF)

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