Seacoast Banking Corporation of Florida (SBCF) To Go Ex-Dividend on March 13th

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) declared a quarterly dividend on Thursday, January 22nd. Investors of record on Friday, March 13th will be paid a dividend of 0.19 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, March 13th.

Seacoast Banking Corporation of Florida has a dividend payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Seacoast Banking Corporation of Florida to earn $1.94 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 39.2%.

Seacoast Banking Corporation of Florida Trading Up 1.6%

Shares of NASDAQ SBCF opened at $31.15 on Wednesday. Seacoast Banking Corporation of Florida has a 1-year low of $21.36 and a 1-year high of $35.55. The company has a 50-day moving average of $32.99 and a two-hundred day moving average of $31.75. The company has a market cap of $3.05 billion, a PE ratio of 19.47 and a beta of 0.92. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.35.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). Seacoast Banking Corporation of Florida had a net margin of 15.47% and a return on equity of 7.07%. The company had revenue of $204.80 million during the quarter, compared to analyst estimates of $201.25 million. During the same period in the prior year, the business earned $0.48 EPS. The business’s revenue for the quarter was up 53.0% on a year-over-year basis. As a group, equities analysts expect that Seacoast Banking Corporation of Florida will post 1.71 earnings per share for the current fiscal year.

About Seacoast Banking Corporation of Florida

Seacoast Banking Corporation of Florida operates as a bank holding company through its principal subsidiary, Seacoast National Bank. Headquartered in Stuart, Florida, Seacoast National Bank provides a full range of commercial and retail banking services across the coastal region of Florida. Its network of branches serves customers from Martin County through Miami-Dade County, offering deposit accounts, lending solutions, cash management and payment services to individuals, small businesses and middle-market companies.

In addition to traditional banking, Seacoast offers specialized mortgage lending and wealth management services.