Seacoast Banking Corp. Of Florida (NASDAQ: SBCF) has a higher price-to-earnings ratio of 18.44x compared to its average ratio, The 36-month beta value for SBCF is at 1.18. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for SBCF is 83.34M, and currently, shorts hold a 2.58% of that float. The average trading volume for SBCF on April 19, 2024 was 414.30K shares.
SBCF) stock’s latest price update
The stock of Seacoast Banking Corp. Of Florida (NASDAQ: SBCF) has increased by 0.53 when compared to last closing price of 22.47.Despite this, the company has seen a gain of 0.36% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-01 that STUART, Fla., April 01, 2024 (GLOBE NEWSWIRE) — Seacoast Banking Corporation of Florida (NASDAQ: SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release first quarter 2024 results on April 25th, after the market closes.
SBCF’s Market Performance
SBCF’s stock has risen by 0.36% in the past week, with a monthly drop of -8.62% and a quarterly drop of -13.91%. The volatility ratio for the week is 2.39% while the volatility levels for the last 30 days are 2.72% for Seacoast Banking Corp. Of Florida The simple moving average for the last 20 days is -5.03% for SBCF’s stock, with a simple moving average of -5.82% for the last 200 days.
Analysts’ Opinion of SBCF
Many brokerage firms have already submitted their reports for SBCF stocks, with Truist repeating the rating for SBCF by listing it as a “Hold.” The predicted price for SBCF in the upcoming period, according to Truist is $29 based on the research report published on January 05, 2024 of the current year 2024.
Stephens, on the other hand, stated in their research note that they expect to see SBCF reach a price target of $23. The rating they have provided for SBCF stocks is “Equal-Weight” according to the report published on September 13th, 2023.
Hovde Group gave a rating of “Outperform” to SBCF, setting the target price at $33 in the report published on March 17th of the previous year.
SBCF Trading at -6.45% from the 50-Day Moving Average
After a stumble in the market that brought SBCF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.65% of loss for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 2.39%, as shares sank -10.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.57% lower at present.
During the last 5 trading sessions, SBCF rose by +0.44%, which changed the moving average for the period of 200-days by +1.48% in comparison to the 20-day moving average, which settled at $23.66. In addition, Seacoast Banking Corp. Of Florida saw -20.63% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SBCF starting from Lipstein Robert J, who purchase 1,250 shares at the price of $19.99 back on Oct 31 ’23. After this action, Lipstein Robert J now owns 15,165 shares of Seacoast Banking Corp. Of Florida, valued at $24,987 using the latest closing price.
STALLINGS JAMES C III, the EVP, Chief Credit Officer of Seacoast Banking Corp. Of Florida, sale 2,990 shares at $23.78 during a trade that took place back on Aug 04 ’23, which means that STALLINGS JAMES C III is holding 0 shares at $71,105 based on the most recent closing price.
Stock Fundamentals for SBCF
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 1.0 for the gross margin
The net margin for Seacoast Banking Corp. Of Florida stands at 0.16. The total capital return value is set at 0.03. Equity return is now at value 5.60, with 0.78 for asset returns.
Based on Seacoast Banking Corp. Of Florida (SBCF), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 0.9.
Currently, EBITDA for the company is 28.73 million with net debt to EBITDA at 0.51. When we switch over and look at the enterprise to sales, we see a ratio of 3.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
In conclusion, Seacoast Banking Corp. Of Florida (SBCF) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
