Seacoast Banking Co. of Florida (NASDAQ:SBCF – Get Free Report) issued its quarterly earnings results on Thursday. The financial services provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02, Briefing.com reports. Seacoast Banking Co. of Florida had a net margin of 14.84% and a return on equity of 5.61%. The company had revenue of $201.99 million for the quarter, compared to the consensus estimate of $126.00 million. During the same quarter in the prior year, the company earned $0.37 EPS.
Seacoast Banking Co. of Florida Price Performance
NASDAQ:SBCF opened at $28.70 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.10. Seacoast Banking Co. of Florida has a 52 week low of $19.04 and a 52 week high of $29.98. The stock’s 50-day moving average price is $24.13 and its 200-day moving average price is $24.38. The stock has a market capitalization of $2.44 billion, a PE ratio of 20.50 and a beta of 1.10.
Seacoast Banking Co. of Florida Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Friday, September 13th. Seacoast Banking Co. of Florida’s payout ratio is currently 51.43%.
Wall Street Analyst Weigh In
Get Our Latest Report on Seacoast Banking Co. of Florida
Insider Buying and Selling
In other Seacoast Banking Co. of Florida news, Director Dennis S. Hudson III sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $27.00, for a total value of $432,000.00. Following the sale, the director now directly owns 234,312 shares of the company’s stock, valued at $6,326,424. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Seacoast Banking Co. of Florida news, Director Dennis S. Hudson III sold 16,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $27.00, for a total transaction of $432,000.00. Following the completion of the transaction, the director now directly owns 234,312 shares in the company, valued at $6,326,424. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James C. Stallings III sold 3,855 shares of Seacoast Banking Co. of Florida stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $24.44, for a total transaction of $94,216.20. Following the completion of the sale, the executive vice president now owns 3,961 shares in the company, valued at approximately $96,806.84. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.
Seacoast Banking Co. of Florida Company Profile
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.
Featured Stories
- Five stocks we like better than Seacoast Banking Co. of Florida
- The How and Why of Investing in Gold Stocks
- Why Call Options Volume for These 2 Stocks Spiked Together
- What is a Death Cross in Stocks?
- MarketBeat Week in Review – 7/22 – 7/26
- Insider Trading – What You Need to Know
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
Receive News & Ratings for Seacoast Banking Co. of Florida Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seacoast Banking Co. of Florida and related companies with MarketBeat.com's FREE daily email newsletter.