Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Releases Earnings Results, Beats Estimates By $0.01 EPS

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) issued its earnings results on Tuesday. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01, FiscalAI reports. Seacoast Banking Corporation of Florida had a return on equity of 8.78% and a net margin of 15.11%.The company had revenue of $209.99 million for the quarter, compared to analysts’ expectations of $209.84 million.

Seacoast Banking Corporation of Florida Trading Up 1.3%

Shares of SBCF stock opened at $34.10 on Thursday. Seacoast Banking Corporation of Florida has a 52-week low of $27.22 and a 52-week high of $35.55. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.78 and a current ratio of 0.78. The company has a 50-day simple moving average of $31.98 and a two-hundred day simple moving average of $31.94. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 21.72 and a beta of 0.85.

Seacoast Banking Corporation of Florida Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.76 annualized dividend and a yield of 2.2%. Seacoast Banking Corporation of Florida’s payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SBCF. Weiss Ratings upgraded shares of Seacoast Banking Corporation of Florida from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. Wall Street Zen raised shares of Seacoast Banking Corporation of Florida from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Finally, Piper Sandler lifted their price objective on shares of Seacoast Banking Corporation of Florida from $32.50 to $34.00 and gave the company a “neutral” rating in a report on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Key Stories Impacting Seacoast Banking Corporation of Florida

Here are the key news stories impacting Seacoast Banking Corporation of Florida this week:

• Positive Sentiment: Seacoast reported quarterly earnings of $0.61 per share, exceeding the $0.60 analyst consensus and rising from $0.52 a year earlier. Revenue of approximately $210.0 million was broadly in line with, and marginally above, the cited consensus estimate. Seacoast Banking Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The year-over-year improvement in EPS supports the view that Seacoast is benefiting from better profitability, while its reported 14.42% net margin and 8.23% return on equity provide additional evidence of operating strength. Seacoast Banking Corporation Earnings Results
• Neutral Sentiment: Management’s Q2 earnings call is the key source for investors seeking additional detail on loan growth, deposits, credit quality, expenses and the outlook for the remainder of 2026. The company is currently expected to generate approximately $2.51 in full-year EPS. Seacoast Banking Q2 2026 Earnings Call Transcript
• Negative Sentiment: Coverage characterized the quarter as mixed, with some analyses pointing to a sales or revenue miss against their preferred benchmark despite the modest beat versus the consensus figure. That inconsistency may limit investor enthusiasm and indicates that underlying revenue trends deserve closer scrutiny. Seacoast Banking Misses Q2 Sales Expectations

Insider Buying and Selling at Seacoast Banking Corporation of Florida

In other news, Director Dennis S. Hudson III sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $34.00, for a total value of $136,000.00. Following the completion of the transaction, the director directly owned 216,854 shares of the company’s stock, valued at $7,373,036. This represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP James C. Stallings III sold 7,552 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $31.16, for a total value of $235,320.32. Following the sale, the executive vice president directly owned 7,247 shares of the company’s stock, valued at $225,816.52. The trade was a 51.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 29,919 shares of company stock worth $942,733. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV grew its stake in Seacoast Banking Corporation of Florida by 7.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,202 shares of the financial services provider’s stock valued at $446,000 after purchasing an additional 950 shares during the period. Empowered Funds LLC bought a new stake in shares of Seacoast Banking Corporation of Florida during the 4th quarter worth $100,000. Zacks Investment Management raised its stake in shares of Seacoast Banking Corporation of Florida by 38.8% during the 4th quarter. Zacks Investment Management now owns 50,997 shares of the financial services provider’s stock worth $1,602,000 after purchasing an additional 14,249 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of Seacoast Banking Corporation of Florida in the 4th quarter worth about $2,693,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Seacoast Banking Corporation of Florida in the 4th quarter worth about $222,000. Hedge funds and other institutional investors own 81.77% of the company’s stock.

Seacoast Banking Corporation of Florida Company Profile

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.