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

Seacoast Banking Corporation of Florida (NASDAQ:SBCF - Get Free Report) will likely be announcing its Q2 2025 earnings results 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 announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.38 earnings per share 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 for the quarter, compared to analysts' expectations of $138.41 million. Seacoast Banking Corporation of Florida's revenue for the quarter was up 12.0% on a year-over-year basis. 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 Down 0.1%

SBCF traded down $0.03 on Friday, hitting $29.17. 587,416 shares of the company were exchanged, compared to its average volume of 450,923. The firm has a fifty day simple moving average of $26.60 and a two-hundred day simple moving average of $26.24. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.85 and a current ratio of 0.85. Seacoast Banking Corporation of Florida has a 12 month low of $21.36 and a 12 month high of $31.68. The stock has a market capitalization of $2.51 billion, a PE ratio of 19.58 and a beta of 0.94.

Seacoast Banking Corporation of Florida Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.72 annualized dividend and a dividend yield of 2.47%. Seacoast Banking Corporation of Florida's dividend payout ratio is presently 48.32%.

Hedge Funds Weigh In On Seacoast Banking Corporation of Florida

Hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Seacoast Banking Corporation of Florida by 4.5% during 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 during the period. Royal Bank of Canada raised its stake in 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 valued at $2,777,000 after buying an additional 31,636 shares in the last quarter. AQR Capital Management LLC raised its stake in 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 valued at $2,133,000 after buying an additional 45,792 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Seacoast Banking Corporation of Florida in the first quarter valued at $4,817,000. Institutional investors and hedge funds own 81.77% of the company's stock.

Analysts Set New Price Targets

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

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.