Seacoast Banking Corporation of Florida (SBCF) Projected to Post Quarterly Earnings on Thursday

Seacoast Banking Corporation of Florida (NASDAQ:SBCF - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data after the market closes on Thursday, July 24th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $146.08 million for the quarter.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). Seacoast Banking Corporation of Florida had a net margin of 15.44% and a return on equity of 6.11%. The firm had revenue of $140.70 million during the quarter, compared to analysts' expectations of $138.41 million. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts expect Seacoast Banking Corporation of Florida to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Seacoast Banking Corporation of Florida Trading Up 1.7%

Shares of SBCF stock traded up $0.48 during mid-day trading on Thursday, reaching $29.20. The stock had a trading volume of 499,517 shares, compared to its average volume of 451,973. The stock's 50-day moving average price is $26.51 and its two-hundred day moving average price is $26.24. Seacoast Banking Corporation of Florida has a 52-week low of $21.36 and a 52-week high of $31.68. The firm has a market capitalization of $2.51 billion, a PE ratio of 19.60 and a beta of 0.94. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.

Seacoast Banking Corporation of Florida Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Friday, June 13th. Seacoast Banking Corporation of Florida's payout ratio is 48.32%.

Analysts Set New Price Targets

A number of research analysts have weighed in on SBCF shares. Hovde Group upped their target price on Seacoast Banking Corporation of Florida from $27.00 to $29.00 and gave the stock a "market perform" rating in a report on Wednesday, June 4th. Keefe, Bruyette & Woods lifted their price target on Seacoast Banking Corporation of Florida from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Monday, June 2nd. Stephens dropped their price target on Seacoast Banking Corporation of Florida from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Wall Street Zen lowered Seacoast Banking Corporation of Florida from a "hold" rating to a "sell" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $29.20.

Institutional Investors Weigh In On Seacoast Banking Corporation of Florida

Several hedge funds have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in Seacoast Banking Corporation of Florida during the first quarter worth about $4,817,000. Royal Bank of Canada lifted its stake in shares of Seacoast Banking Corporation of Florida by 41.5% in the first quarter. Royal Bank of Canada now owns 107,951 shares of the financial services provider's stock worth $2,777,000 after buying an additional 31,636 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Seacoast Banking Corporation of Florida by 123.4% in the first quarter. AQR Capital Management LLC now owns 82,889 shares of the financial services provider's stock worth $2,133,000 after buying an additional 45,792 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Seacoast Banking Corporation of Florida by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,255 shares of the financial services provider's stock worth $1,293,000 after buying an additional 2,187 shares in the last quarter. Institutional investors own 81.77% of the company's stock.

Seacoast Banking Corporation of Florida Company Profile

Seacoast Banking Corp. of Florida is a financial holding company, which engages in the provision of integrated financial services. It provides banking and investment services to businesses and consumers, including personal and business deposit products, Internet and mobile banking, personal, commercial and mortgage loans, wealth management services, and treasury management solutions.