Seacoast Banking Co. of Florida (NASDAQ:SBCF – Get Free Report) announced its quarterly earnings results on Thursday. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36, Briefing.com reports. Seacoast Banking Co. of Florida had a return on equity of 5.58% and a net margin of 14.84%. The firm had revenue of $130.30 million for the quarter, compared to the consensus estimate of $129.20 million. During the same period in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis.
Seacoast Banking Co. of Florida Price Performance
Shares of SBCF stock traded down $0.74 on Friday, hitting $26.33. 367,323 shares of the stock traded hands, compared to its average volume of 410,505. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.86 and a quick ratio of 0.86. Seacoast Banking Co. of Florida has a 52 week low of $19.67 and a 52 week high of $29.98. The firm has a 50 day simple moving average of $26.75 and a two-hundred day simple moving average of $25.10. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 19.06 and a beta of 1.07.
Seacoast Banking Co. of Florida Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.73%. Seacoast Banking Co. of Florida’s dividend payout ratio (DPR) is presently 51.80%.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on SBCF
About Seacoast Banking Co. of Florida
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 Articles
- Five stocks we like better than Seacoast Banking Co. of Florida
- What is an Earnings Surprise?
- Texas Roadhouse Stock Steering for New Highs This Year
- Why is the Ex-Dividend Date Significant to Investors?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
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.