Seacoast Banking Corporation of Florida (SBCF) to Issue Quarterly Dividend of $0.19 on June 30th

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Monday, June 15th will be given a dividend of 0.19 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, June 15th.

Seacoast Banking Corporation of Florida has a payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Seacoast Banking Corporation of Florida to earn $2.71 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 28.0%.

Seacoast Banking Corporation of Florida Stock Up 2.4%

SBCF stock opened at $32.08 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $3.12 billion, a PE ratio of 21.11 and a beta of 0.86. Seacoast Banking Corporation of Florida has a twelve month low of $24.46 and a twelve month high of $35.55. The stock has a 50-day simple moving average of $31.04 and a two-hundred day simple moving average of $31.79.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last posted its earnings results on Tuesday, April 28th. The financial services provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $205.10 million during the quarter, compared to analyst estimates of $205.51 million. Seacoast Banking Corporation of Florida had a return on equity of 8.23% and a net margin of 14.42%.The company’s quarterly revenue was up 45.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. On average, equities analysts predict that Seacoast Banking Corporation of Florida will post 2.49 EPS for the current fiscal year.

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.