A look into Seacoast Banking Corporation of Florida (SBCF)’s deeper side

Seacoast Banking Corporation of Florida (NASDAQ: SBCF) stock fell -1.03% on Wednesday to $21.20 against a previous-day closing price of $21.42. With 0.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.01 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $21.79 whereas the lowest price it dropped to was $20.76. The 52-week range on SBCF shows that it touched its highest point at $36.92 and its lowest point at $17.93 during that stretch. It currently has a 1-year price target of $28.38. With its current market cap of 1.85 billion, SBCF has annualized dividend of $0.72 while the current yield stands at 3.40%. Beta for the stock currently stands at 1.08.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SBCF was up-trending over the past week, with a rise of 1.68%, but this was down by -0.09% over a month. Three-month performance dropped to -31.12% while six-month performance fell -36.01%. The stock lost -36.98% in the past year, while it has lost -32.03% so far this year. A look at the trailing 12-month EPS for SBCF yields 1.48 with Next year EPS estimates of 2.09. For the next quarter, that number is 0.53. This implies an EPS growth rate of -23.90% for this year and 11.85% for next year. EPS is expected to grow by 9.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.90%.

Float and Shares Shorts:

At present, 80.15 million SBCF shares are outstanding with a float of 60.62 million shares on hand for trading. On May 14, 2023, short shares totaled 3.02 million, which was 3.57% higher than short shares on Apr 13, 2023. In addition to Mr. Charles M. Shaffer as the firm’s Chairman, Pres & CEO, Ms. Tracey L. Dexter serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 71.60% of SBCF’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 48.04% of SBCF, in contrast to 34.45% held by mutual funds. Shares owned by individuals account for 11.06%. As the largest shareholder in SBCF with 13.47% of the stake, BlackRock Fund Advisors holds 11,392,548 shares worth 11,392,548. A second-largest stockholder of SBCF, The Vanguard Group, Inc., holds 5,767,534 shares, controlling over 6.82% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in SBCF, holding 4,395,958 shares or 5.20% stake. With a 7.21% stake in SBCF, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 6,098,283 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 3.72% of SBCF stock, is the second-largest Mutual Fund holder. It holds 3,150,000 shares valued at 69.9 million. Vanguard Total Stock Market ETF holds 3.14% of the stake in SBCF, owning 2,659,977 shares worth 59.02 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SBCF since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SBCF analysts setting a high price target of $36.25 and a low target of $25.00, the average target price over the next 12 months is $28.38. Based on these targets, SBCF could surge 70.99% to reach the target high and rise by 17.92% to reach the target low. Reaching the average price target will result in a growth of 33.87% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Dividends & Yield:

In terms of dividends, SBCF has a current ratio of $0.72, which is $0.72 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and SBCF currently yields $3.21. In the past year, SBCF’s dividend yield has been $3.21. Accordingly, SBCF has a current buyback yield of $0.0. This was $0.0 for the TTM.

Summary of Insider Activity:

Insiders traded SBCF stock several times over the past three months with 15 Buys and 20 Sells. In these transactions, 91,995 shares were bought while 15,960 shares were sold. The number of buy transactions has increased to 35 while that of sell transactions has risen to 30 over the past year. The total number of shares bought during that period was 128,182 while 37,737 shares were sold.

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