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Wednesday, March 22, 2023

Is Seacoast Banking Corporation of Florida (NASDAQ: SBCF) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Seacoast Banking Corporation of Florida (SBCF) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.92, or 3.75%, to $25.46. The Seacoast Banking Corporation of Florida has recorded 891 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Seacoast Completes Acquisition of Professional Holding Corp..


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Stocks Info

SBCF belongs to the Financial sector of the NASDAQ while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $24.54 and fluctuated between $26.59 as its day high and $23.62 as its day low. The current market capitalization of Seacoast Banking Corporation of Florida is $2.10B. A total of 2.04 million shares were traded on the day, compared to an average of 762.87K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SBCF has seen 2 BUY and 8 SELL insider trades, representing the acquisition of 705 and the disposition of 8,174 shares. Over the last 12 months, there were 25 BUYs and 18 SELLs from insiders. Insiders purchased 52,168 shares during that period but sold 19,974.

In the most recent transaction, Shaffer Charles M sold 4,697 shares of SBCF for 30.71 per share on Feb 27. After the transaction, the Chairman, President & CEO now owns 60,891 company shares. In a previous transaction on Feb 14, Kleffel Juliette sold 8,500 shares at 31.88 per share. SBCF shares that EVP, Chief Banking Officer owns now total 38,354.

Among the insiders who sold shares, HUDSON DENNIS S III disposed of 8,078 shares on Feb 02 at a per-share price of $33.01. This resulted in the Director holding 160,538 shares of SBCF after the transaction. In another insider transaction, HUDSON DENNIS S III sold 5,621 shares at $35.48 per share on Aug 15. Company shares held by the Director now total 21,867.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Seacoast Banking Corporation of Florida pays an annual dividend of $0.68, resulting in a dividend yield of 2.77%, and it has a price to earnings (P/E) ratio of 14.70. SBCF’s most recent ex-dividend date was 3/14/2023 when it declared a $0.17 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/30/2022 with an ex-dividend date of 12/14/2022. The SBCF stock dividend was $0.17 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SBCF in the last 3 months, the mean price target is $35.54 with high estimates of $37.00 and low estimates of $34.00. In terms of 52-week highs and lows, SBCF has a high of $36.92 and a low of $20.66.

As of this writing, SBCF has an earnings estimate of $0.42 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.68 per share and a lower estimate of $0.03. The company reported an EPS of $0.47 in the last quarter, which was -20.30% lower than expectations of $0.59.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SBCF is Overweight with a score of 3.75. A total of 1 analysts rated the stock as Buy while 1 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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