Analysts Issue Forecasts for Seacoast Banking Co. of Florida’s Q1 2020 Earnings (SBCF)

Seacoast Banking Co. of Florida (NASDAQ:SBCF) – Stock analysts at FIG Partners issued their Q1 2020 EPS estimates for Seacoast Banking Co. of Florida in a research report issued to clients and investors on Monday, October 29th. FIG Partners analyst C. Marinac expects that the financial services provider will earn $0.52 per share for the quarter. FIG Partners also issued estimates for Seacoast Banking Co. of Florida’s Q2 2020 earnings at $0.54 EPS, Q3 2020 earnings at $0.56 EPS and FY2020 earnings at $2.20 EPS.

SBCF has been the subject of several other research reports. Zacks Investment Research raised shares of Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a research note on Friday, September 28th. BidaskClub lowered shares of Seacoast Banking Co. of Florida from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 13th. B. Riley reduced their price objective on shares of Seacoast Banking Co. of Florida from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, July 31st. ValuEngine lowered shares of Seacoast Banking Co. of Florida from a “buy” rating to a “hold” rating in a research note on Monday, September 24th. Finally, Sandler O’Neill set a $31.00 price objective on shares of Seacoast Banking Co. of Florida and gave the company a “hold” rating in a research note on Saturday, July 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $32.60.

SBCF stock opened at $25.88 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.86 and a quick ratio of 0.86. Seacoast Banking Co. of Florida has a 1 year low of $21.74 and a 1 year high of $34.95. The firm has a market capitalization of $1.17 billion, a P/E ratio of 20.22 and a beta of 0.54.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last issued its earnings results on Thursday, October 25th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.07). The company had revenue of $63.85 million for the quarter, compared to analyst estimates of $65.27 million. Seacoast Banking Co. of Florida had a net margin of 22.30% and a return on equity of 10.20%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG increased its stake in Seacoast Banking Co. of Florida by 30.1% in the first quarter. UBS Group AG now owns 9,176 shares of the financial services provider’s stock valued at $243,000 after acquiring an additional 2,125 shares during the period. California Public Employees Retirement System increased its stake in Seacoast Banking Co. of Florida by 4.4% in the first quarter. California Public Employees Retirement System now owns 51,041 shares of the financial services provider’s stock valued at $1,351,000 after acquiring an additional 2,172 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in Seacoast Banking Co. of Florida by 15.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 16,016 shares of the financial services provider’s stock valued at $506,000 after acquiring an additional 2,176 shares during the period. MetLife Investment Advisors LLC increased its stake in Seacoast Banking Co. of Florida by 11.6% in the second quarter. MetLife Investment Advisors LLC now owns 21,315 shares of the financial services provider’s stock valued at $673,000 after acquiring an additional 2,219 shares during the period. Finally, Globeflex Capital L P increased its stake in Seacoast Banking Co. of Florida by 13.3% in the second quarter. Globeflex Capital L P now owns 23,000 shares of the financial services provider’s stock valued at $726,000 after acquiring an additional 2,700 shares during the period. 84.16% of the stock is currently owned by institutional investors and hedge funds.

Seacoast Banking Co. of Florida Company Profile

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to business and retail customers in Florida. It offers commercial and retail banking, wealth management, and mortgage services; automated teller machines; online and mobile banking services; and brokerage and annuity services.

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Earnings History and Estimates for Seacoast Banking Co. of Florida (NASDAQ:SBCF)

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