Seacoast Banking Corporation of Florida (SBCF) To Go Ex-Dividend on September 15th

Seacoast Banking Corporation of Florida (NASDAQ:SBCF – Get Free Report) announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.19 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, September 15th.

Seacoast Banking Corporation of Florida has a payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Seacoast Banking Corporation of Florida to earn $2.81 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 27.0%.

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Seacoast Banking Corporation of Florida Trading Up 0.4%

NASDAQ:SBCF opened at $33.98 on Friday. The company has a market capitalization of $3.29 billion, a PE ratio of 21.64 and a beta of 0.84. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.35. Seacoast Banking Corporation of Florida has a 52-week low of $28.58 and a 52-week high of $36.27. The stock has a fifty day simple moving average of $34.17 and a 200-day simple moving average of $32.17.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Seacoast Banking Corporation of Florida had a net margin of 15.11% and a return on equity of 8.68%. The firm had revenue of $210.00 million for the quarter, compared to analysts’ expectations of $209.84 million. On average, equities research analysts expect that Seacoast Banking Corporation of Florida will post 2.55 earnings per share for the current fiscal year.

About Seacoast Banking Corporation of Florida

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Seacoast Banking Corporation of Florida is the bank holding company for Seacoast National Bank, a community-focused financial institution headquartered in Stuart, Florida. Founded in 1926, the company serves consumers, businesses, and institutions through a network of banking offices and digital channels across Florida.

Seacoast National Bank provides a range of financial services, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, and business financing.

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