The price-to-earnings ratio for Seacoast Banking Corp. Of Florida (NASDAQ: SBCF) is above average at 20.72x. The 36-month beta value for SBCF is also noteworthy at 1.09. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for SBCF is 83.35M, and at present, short sellers hold a 2.10% of that float. The average trading volume of SBCF on July 26, 2024 was 416.88K shares.
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SBCF) stock’s latest price update
The stock price of Seacoast Banking Corp. Of Florida (NASDAQ: SBCF) has jumped by 2.76 compared to previous close of 27.89. Despite this, the company has seen a gain of 4.37% in its stock price over the last five trading days. zacks.com reported 2024-07-25 that While the top- and bottom-line numbers for Seacoast Banking (SBCF) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
SBCF’s Market Performance
SBCF’s stock has risen by 4.37% in the past week, with a monthly rise of 26.70% and a quarterly rise of 19.82%. The volatility ratio for the week is 3.88% while the volatility levels for the last 30 days are 3.20% for Seacoast Banking Corp. Of Florida The simple moving average for the last 20 days is 13.03% for SBCF’s stock, with a simple moving average of 18.40% for the last 200 days.
Analysts’ Opinion of SBCF
Many brokerage firms have already submitted their reports for SBCF stocks, with Keefe Bruyette repeating the rating for SBCF by listing it as a “Outperform.” The predicted price for SBCF in the upcoming period, according to Keefe Bruyette is $27 based on the research report published on May 31, 2024 of the current year 2024.
Hovde Group, on the other hand, stated in their research note that they expect to see SBCF reach a price target of $29, previously predicting the price at $31. The rating they have provided for SBCF stocks is “Outperform” according to the report published on April 29th, 2024.
Truist gave a rating of “Hold” to SBCF, setting the target price at $29 in the report published on January 05th of the current year.
SBCF Trading at 19.31% 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 -4.40% of loss for the given period.
Volatility was left at 3.20%, however, over the last 30 days, the volatility rate increased by 3.88%, as shares surge +25.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.97% upper at present.
During the last 5 trading sessions, SBCF rose by +4.37%, which changed the moving average for the period of 200-days by +32.13% in comparison to the 20-day moving average, which settled at $25.65. In addition, Seacoast Banking Corp. Of Florida saw 0.70% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SBCF starting from HUDSON DENNIS S III, who sale 16,000 shares at the price of $27.00 back on Jul 16 ’24. After this action, HUDSON DENNIS S III now owns 234,312 shares of Seacoast Banking Corp. Of Florida, valued at $432,000 using the latest closing price.
STALLINGS JAMES C III, the EVP, Chief Credit Officer of Seacoast Banking Corp. Of Florida, sale 3,855 shares at $24.44 during a trade that took place back on May 06 ’24, which means that STALLINGS JAMES C III is holding 0 shares at $94,204 based on the most recent closing price.
Stock Fundamentals for SBCF
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 1.0 for the gross margin
The net margin for Seacoast Banking Corp. Of Florida stands at 0.18. The total capital return value is set at 0.04. Equity return is now at value 5.67, with 0.79 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 0.31. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 1.03.
Currently, EBITDA for the company is 28.73 million with net debt to EBITDA at -1.67. When we switch over and look at the enterprise to sales, we see a ratio of 3.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
In summary, Seacoast Banking Corp. Of Florida (SBCF) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
