Seacoast Banking Corp. Of Florida (NASDAQ:SBCF) price on Friday, February 28, rose 1.33% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $28.28.
A look at the stock’s price movement, the close in the last trading session was $27.91. The PE ratio in trailing twelve months stood at 19.89. Turning to its 52-week performance, $31.68 and $21.90 were the 52-week high and 52-week low respectively. Overall, SBCF moved 0.11% over the past month.
Seacoast Banking Corp. Of Florida’s market cap currently stands at around $2.42 billion, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 0.72, with its dividend yield at 2.55%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 137.45M for the company’s revenue for the quarter, with a low and high estimate of 136.1M and 138.7M respectively. The average forecast suggests down to a -0.17% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 569.88M, representing a 8.65% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SBCF is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend SBCF as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SBCF’s current price about -1.66% and 1.71% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.09, while 7-day volatility ratio is 3.32% and 3.27% in the 30-day chart. Further, Seacoast Banking Corp. Of Florida (SBCF) has a beta value of 1.10, and an average true range (ATR) of 0.92. Analysts have given the company’s stock an average 52-week price target of $29.5, forecast between a low of $28 and high of $31. Looking at the price targets, the low is 0.99% off current price level while to achieve the yearly target high, price needs to move -9.62%. Nonetheless, investors will most likely welcome a -4.31% jump to $29.5 which is the analysts’ median price.
If we refocus on Seacoast Banking Corp. Of Florida (NASDAQ:SBCF), historical trading data shows that trading volumes averaged 385.09K over the past 3 months. The company’s latest data on shares outstanding shows there are 85.57 million shares.
The 1.86% of Seacoast Banking Corp. Of Florida’s shares are in the hands of company insiders while institutional holders own 84.28% of the company’s shares. Current price change has pushed the stock 2.72% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SBCF stock continues to rise going into the next quarter.
