Seacoast Banking Co. of Florida (SBCF) To Go Ex-Dividend on March 14th

Seacoast Banking Co. of Florida (NASDAQ:SBCF) announced a quarterly dividend on Tuesday, March 11th, Wall Street Journal reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.18 per share by the financial services provider on Monday, March 31st. This represents a $0.72 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Friday, March 14th.

Seacoast Banking Co. of Florida has raised its dividend by an average of 22.7% per year over the last three years. Seacoast Banking Co. of Florida has a dividend payout ratio of 35.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Seacoast Banking Co. of Florida to earn $1.94 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 37.1%.

Seacoast Banking Co. of Florida Trading Down 0.4 %

NASDAQ:SBCF opened at $25.31 on Wednesday. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 17.70 and a beta of 1.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.85 and a current ratio of 0.85. The business’s 50-day simple moving average is $27.71 and its 200 day simple moving average is $27.79. Seacoast Banking Co. of Florida has a one year low of $21.90 and a one year high of $31.68.

Seacoast Banking Co. of Florida (NASDAQ:SBCF) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.15. Seacoast Banking Co. of Florida had a net margin of 14.95% and a return on equity of 5.91%. As a group, sell-side analysts predict that Seacoast Banking Co. of Florida will post 1.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SBCF. StockNews.com raised Seacoast Banking Co. of Florida from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th. Stephens upped their target price on shares of Seacoast Banking Co. of Florida from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Monday, March 3rd. Finally, Raymond James reissued an “outperform” rating and issued a $31.00 price objective (up from $29.00) on shares of Seacoast Banking Co. of Florida in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.00.

About Seacoast Banking Co. of Florida

Seacoast Banking Corp. of Florida is a financial holding company, which engages in the provision of integrated financial services. It provides banking and investment services to businesses and consumers, including personal and business deposit products, Internet and mobile banking, personal, commercial and mortgage loans, wealth management services, and treasury management solutions.