It is Poised to be a Bull Market for Seacoast Banking Corp. Of Florida (SBCF)

With 0.53 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.4 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $24.49 whereas the lowest price it dropped to was $23.96. The 52-week range on SBCF shows that it touched its highest point at $29.98 and its lowest point at $19.00 during that stretch. It currently has a 1-year price target of $26.07. With its current market cap of 2.05 billion, SBCF has annualized dividend of $0.72 while the current yield stands at 2.99%. SBCF paid its most recent dividend on 1710374400, while the ex-dividend date for that was 1718236800. Beta for the stock currently stands at 1.13.

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 down-trending over the past week, with a drop of -0.74%, but this was up by 9.34% over a month. Three-month performance dropped to -1.63% while six-month performance rose 9.99%. The stock gained 23.45% in the past year, while it has lost -15.28% so far this year. A look at the trailing 12-month EPS for SBCF yields 1.38 with Next year EPS estimates of 1.61. For the next quarter, that number is 0.34. This implies an EPS growth rate of -22.09% for this year and 12.66% 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 -2.22%.

Float and Shares Shorts:

At present, 84.86 million SBCF shares are outstanding with a float of 83.36 million shares on hand for trading. On 2024-04-30, short shares totaled 2.17 million, which was 256.0 higher than short shares on 1711584000. In addition to Mr. Charles M. Shaffer as the firm’s Chairman, President & CEO, Ms. Tracey L. Dexter serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.85014 of SBCF’s outstanding shares, institutional investors have minority control over the company.

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.