Seacoast Banking Co. of Florida (NASDAQ: SBCF) Announces Quarterly Dividend of $ 0.13
Seacoast Banking Co. of Florida (NASDAQ: SBCF) announced quarterly dividend on Tuesday, October 19 Zack reports. Investors of record on Wednesday December 15 will receive a dividend of 0.13 per share from the financial services provider on Friday December 31. This represents an annualized dividend of $ 0.52 and a return of 1.51%. The ex-dividend date for this dividend is Tuesday, December 14.
Seacoast Banking Co. of Florida has a payout ratio of 25.1%, indicating that its dividend is sufficiently covered by earnings. Research analysts expect Seacoast Banking Co. of Florida to earn $ 1.99 per share next year, which means the company should continue to be able to cover its annual dividend of $ 0.52. with an expected future payout rate of 26.1%.
Actions of NASDAQ: SBCF opened for $ 34.42 on Friday. Seacoast Banking Co. of Florida has a 52-week low of $ 27.40 and a 52-week high of $ 40.93. The company has a market cap of $ 2.01 billion, a price-to-earnings ratio of 16.47 and a beta of 1.29. The company has a debt ratio of 0.06, a quick ratio of 0.83, and a current ratio of 0.84. The company has a 50-day simple moving average of $ 35.76 and a 200-day simple moving average of $ 34.09.
Seacoast Banking Co. of Florida (NASDAQ: SBCF) last released its quarterly results on Wednesday, October 27. The financial services provider reported earnings per share (EPS) of $ 0.40 for the quarter, missing Zacks’ consensus estimate of $ 0.49 ($ 0.09). Seacoast Banking Co. of Florida reported a return on equity of 10.83% and a net margin of 33.56%. The company posted revenue of $ 90.35 million in the quarter, compared to analysts’ estimates of $ 85.84 million. During the same period of the previous year, the company made a profit of $ 0.50 per share. As a group, research analysts predict that Seacoast Banking Co. of Florida will post earnings per share of 2.23 for the current year.
A number of analysts weighed on SBCF shares. B. Riley downgraded Seacoast Banking Co. of Florida from a âbuyâ rating to a âneutralâ rating and set a price target of $ 36.00 for the company. in a research report on Wednesday October 6. Raymond James raised his price target on Seacoast Banking Co. of Florida from $ 37.00 to $ 39.00 and rated the stock as “outperforming” in a research report published on Monday, November 1. Finally, Zacks investment research downgraded Seacoast Banking Co. of Florida from a “buy” note to a “wait” note in a research report released on Wednesday, November 3.
In other news from Seacoast Banking Co. of Florida, the President Dennis S. Hudson III sold 8,000 shares in a trade on Tuesday, November 2. The shares were sold for an average price of $ 37.32, for a total value of $ 298,560.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.20% of the shares are held by insiders.
Several hedge funds have recently increased or reduced their holdings in SBCF. The Royal Bank of Canada increased its position in Seacoast Banking Co. of Florida by 48.6% in the second quarter. Royal Bank of Canada now owns 5,187 shares of the financial services provider valued at $ 178,000 after purchasing an additional 1,697 shares in the last quarter. Two Sigma Advisers LP purchased a new position in shares of Seacoast Banking Co. of Florida during the 3rd quarter for a value of $ 325,000. Wells Fargo & Company MN strengthened its position in Seacoast Banking Co. of Florida by 10.7% during the second quarter. Wells Fargo & Company MN now owns 68,154 shares of the financial services provider valued at $ 2,327,000 after purchasing an additional 6,568 shares in the last quarter. Citadel Advisors LLC increased its stake in Seacoast Banking Co. of Florida by 178.5% in the third quarter. Citadel Advisors LLC now owns 79,638 shares of the financial services provider valued at $ 2,693,000 after acquiring an additional 51,045 shares in the last quarter. Finally, Morgan Stanley increased its stake in the shares of Seacoast Banking Co. of Florida by 24.5% in the second quarter. Morgan Stanley now owns 245,137 shares of the financial services provider valued at $ 8,372,000 after purchasing an additional 48,163 shares in the last quarter. Institutional investors hold 85.60% of the shares of the company.
Seacoast Banking Co. of Florida Company Profile
Seacoast Banking Corp. of Florida is a financial holding company that provides integrated financial services. It provides banking and investment services to businesses and consumers, including personal and commercial deposit products, internet and mobile banking, personal, business and mortgage loans, wealth management services and banking solutions. cash management.
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