SBCF - Seacoast Banking Corp of Florida Stock Price, Fair Value and News

24.03USD-0.06 (-0.25%)Market Closed

Market Summary

USD24.03-0.06

Market Closed

-0.25%

SBCF Alerts

Big jump in Earnings (Y/Y)

SBCF Stock Price

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SBCF RSI Chart

SBCF Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

17.31

Price/Sales (Trailing)

2.9

EV/EBITDA

2.36

Price/Free Cashflow

12.61

SBCF Price/Sales (Trailing)

SBCF Profitability

EBT Margin

21.73%

Return on Equity

5.58%

Return on Assets

0.8%

Free Cashflow Yield

7.93%

SBCF Fundamentals

SBCF Revenue

Revenue (TTM)

706.7M

Rev. Growth (Yr)

11.21%

Rev. Growth (Qtr)

-0.65%

SBCF Earnings

Earnings (TTM)

118.2M

Earnings Growth (Yr)

119.89%

Earnings Growth (Qtr)

-11.97%

Breaking Down SBCF Revenue

52 Week Range

19.0927.45

(Low)(High)

Last 7 days

-2.5%

Last 30 days

6.9%

Last 90 days

-1.0%

Trailing 12 Months

26.2%

How does SBCF drawdown profile look like?

SBCF Financial Health

Debt/Equity

0.05

Debt/Cashflow

1.53

SBCF Investor Care

Dividend Yield

2.99%

Dividend/Share (TTM)

0.72

Shares Dilution (1Y)

0.38%

Diluted EPS (TTM)

1.39

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	706.7M	0	0	0
2023	460.3M	550.8M	639.2M	689.0M
2022	293.1M	309.1M	327.3M	380.5M
2021	283.4M	277.9M	283.0M	284.2M
2020	290.3M	291.3M	286.6M	287.0M
2019	258.4M	273.9M	287.6M	289.8M
2018	206.3M	215.6M	224.7M	241.4M
2017	156.7M	167.5M	177.9M	191.6M
2016	121.3M	130.5M	139.3M	148.1M
2015	90.1M	99.4M	111.8M	116.4M
2014	70.8M	71.3M	71.6M	80.3M
2013	71.4M	70.6M	71.0M	70.8M
2012	80.0M	78.0M	75.5M	73.3M
2011	82.3M	81.5M	81.0M	80.8M
2010	0	96.3M	90.4M	84.5M
2009	0	0	0	102.2M

Get all data in R, Python etc through our Historical Stock Data APIs

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Russell 2000 Index: $10,334
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Tracking the Latest Insider Buys and Sells of Seacoast Banking Corp of Florida

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 06, 2024	stallings james c iii	sold	-94,203	24.4368	-3,855	evp, chief credit officer
Apr 10, 2024	culbreth h gilbert jr	acquired	11,226	24.04	467	-
Apr 01, 2024	shaffer charles m	sold (taxes)	-87,724	24.76	-3,543	chairman, president & ceo
Apr 01, 2024	kleffel juliette	acquired	458,729	24.76	18,527	-
Apr 01, 2024	forlenza joseph m	sold (taxes)	-17,356	24.76	-701	evp & cro
Apr 01, 2024	carroll austen	sold (taxes)	-21,590	24.76	-872	evp, chief lending officer
Apr 01, 2024	dexter tracey	sold (taxes)	-17,356	24.76	-701	evp & cfo
Apr 01, 2024	stallings james c iii	acquired	265,477	24.76	10,722	evp, chief credit officer
Apr 01, 2024	forlenza joseph m	acquired	350,973	24.76	14,175	evp & cro
Apr 01, 2024	hudson dennis s iii	sold (taxes)	-24,710	24.76	-998	-

Which funds bought or sold SBCF recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 10, 2024	PNC Financial Services Group, Inc.	reduced	-11.09	-352,314	1,351,450	-%
May 10, 2024	CREDIT SUISSE AG/	added	9.65	-45,892	2,062,940	-%
May 10, 2024	Cannell & Spears LLC	new	-	2,086,960	2,086,960	0.04%
May 10, 2024	FIRST NATIONAL BANK OF OMAHA	reduced	-4.14	-85,357	504,220	0.03%
May 10, 2024	JPMORGAN CHASE & CO	added	38.61	1,484,440	7,759,530	-%
May 10, 2024	CIBC Private Wealth Group, LLC	new	-	73,562	73,562	-%
May 10, 2024	LPL Financial LLC	reduced	-1.55	-43,898	316,694	-%
May 10, 2024	PRINCIPAL SECURITIES, INC.	added	0.39	-2,257	19,373	-%
May 10, 2024	VANGUARD GROUP INC	added	4.23	-12,041,100	159,578,000	-%
May 10, 2024	Beaton Management Co. Inc.	unchanged	-	-31,000	254,000	0.14%

Are Funds Buying or Selling SBCF?

Are funds buying SBCF calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SBCF

No. of Funds

SBCF Alerts

Big jump in Earnings (Y/Y)

Unveiling Seacoast Banking Corp of Florida's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	7.08%	6,030,200	SC 13G/A
Feb 09, 2024	capital world investors	0.0%	0	SC 13G/A
Feb 08, 2024	wellington management group llp	5.35%	4,551,911	SC 13G
Jan 23, 2024	blackrock inc.	14.5%	12,349,790	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	0.2%	157,284	SC 13G/A
Feb 13, 2023	capital world investors	6.5%	4,323,901	SC 13G/A
Feb 09, 2023	vanguard group inc	6.80%	4,528,249	SC 13G/A
Jan 23, 2023	blackrock inc.	14.7%	9,008,578	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	7.8%	4,581,082	SC 13G/A
Feb 11, 2022	capital world investors	7.0%	4,106,901	SC 13G/A

Recent SEC filings of Seacoast Banking Corp of Florida

View All Filings

Date Filed	Form Type	Document
May 08, 2024	10-Q	Quarterly Report
May 06, 2024	144	Notice of Insider Sale Intent
May 06, 2024	4	Insider Trading
May 01, 2024	8-K	Current Report
Apr 25, 2024	8-K	Current Report
Apr 19, 2024	4/A	Insider Trading
Apr 19, 2024	4/A	Insider Trading
Apr 12, 2024	4	Insider Trading
Apr 12, 2024	4	Insider Trading
Apr 12, 2024	4	Insider Trading

Peers (Alternatives to Seacoast Banking Corp of Florida)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	570.5B	174.7B	8.69%	48.16%	11.33	3.27	53.11%	19.83%
BAC	299.1B	137.9B	6.85%	41.16%	11.95	2.17	56.12%	-12.56%
WFC	213.6B	85.8B	8.52%	63.46%	11.38	2.49	35.02%	26.14%
C	120.9B	125.0B	6.23%	39.49%	15.13	0.97	37.85%	-
CFG	16.4B	10.4B	8.48%	44.96%	11.43	1.57	26.22%	-33.87%
KEY	14.0B	8.1B	1.78%	65.41%	16.04	1.72	32.15%	-50.93%
MID-CAP
CMA	7.1B	4.2B	3.79%	66.34%	10.15	1.66	34.68%	-45.96%
ZION	6.5B	4.1B	8.06%	95.94%	10.32	1.59	32.93%	-30.73%
ABCB	3.4B	1.3B	9.68%	70.56%	12.1	2.61	30.60%	-12.99%
ASB	3.3B	2.0B	8.96%	50.51%	20.76	1.64	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	406.2M	152.4M	2.65%	46.43%	40.86	2.67	16.94%	-73.84%
AROW	395.7M	173.1M	7.98%	20.88%	13.57	2.29	26.54%	-34.86%
ACNB	290.4M	98.7M	5.64%	21.02%	9.87	2.94	6.27%	-22.90%
ASRV	45.8M	62.5M	12.13%	-6.62%	-15.48	0.73	18.83%	-145.18%

Seacoast Banking Corp of Florida News

Latest updates

Seacoast Banking Corp of Florida Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-0.6%	176	177	180	174	158	127	91.00	84.00	78.00	74.00	73.00	68.00	69.00	73.00	68.00	73.00	73.00	72.00	73.00	72.00	72.00
EBITDA Margin	-3.6%	0.88*	0.92*	0.99*	1.09*	1.20*	1.34*	1.45*	1.46*	1.48*	1.55*	1.52*	1.52*	1.47*	1.29*	1.25*	1.24*	1.21*	1.31*	1.26*	-	-
Interest Expenses	-5.2%	105	111	119	127	131	120	88.00	82.00	77.00	72.00	71.00	66.00	67.00	69.00	64.00	67.00	63.00	62.00	61.00	60.00	61.00
Income Taxes	-5.2%	8.00	8.00	9.00	10.00	3.00	8.00	9.00	9.00	6.00	8.00	7.00	9.00	10.00	9.00	7.00	7.00	-0.15	8.00	8.00	7.00	6.00
Earnings Before Taxes	-10.5%	34.00	38.00	40.00	41.00	15.00	32.00	38.00	42.00	26.00	45.00	30.00	40.00	44.00	38.00	30.00	32.00	1.00	35.00	34.00	30.00	29.00
EBT Margin	11.5%	0.22*	0.19*	0.20*	0.23*	0.27*	0.36*	0.46*	0.46*	0.48*	0.56*	0.54*	0.55*	0.51*	0.35*	0.34*	0.35*	0.34*	0.44*	0.40*	-	-
Net Income	-12.0%	26.00	30.00	31.00	31.00	12.00	24.00	29.00	33.00	21.00	36.00	23.00	31.00	34.00	29.00	23.00	25.00	1.00	27.00	26.00	23.00	23.00
Net Income Margin	10.8%	0.17*	0.15*	0.15*	0.17*	0.21*	0.28*	0.36*	0.36*	0.38*	0.44*	0.41*	0.42*	0.39*	0.27*	0.26*	0.27*	0.26*	0.34*	0.30*	-	-
Free Cashflow	-17.4%	25.00	30.00	63.00	45.00	13.00	48.00	49.00	44.00	55.00	50.00	23.00	35.00	47.00	42.00	-12.15	6.00	25.00	42.00	26.00	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	1.7%	14,830	14,580	14,823	15,042	15,255	12,146	10,345	10,812	10,905	9,681	9,893	9,317	8,812	8,342	8,288	8,084	7,353	7,109	6,891	6,825	6,783
Cash Equivalents	52.7%	683	447	696	728	791	202	219	901	1,223	738	1,228	1,449	979	404	310	524	315	125	132	160	204
Net PPE	-2.2%	111	113	116	117	117	117	82.00	75.00	75.00	72.00	71.00	69.00	70.00	75.00	76.00	69.00	72.00	67.00	68.00	69.00	70.00
Goodwill	0%	732	732	732	733	728	480	91.00	287	287	252	252	221	221	221	221	212	212	205	205	205	-
Liabilities	1.9%	12,712	12,472	12,775	12,988	13,204	10,538	9,057	9,482	9,549	8,371	8,603	8,134	7,656	7,212	7,189	7,053	6,361	6,123	5,928	5,895	5,887
Long Term Debt	-100.0%	-	106	-	-	-	85.00	-	-	-	-	-	-	-	-	-	-	-	-	50.00	140	3.00
LT Debt, Non Current	-100.0%	-	106	-	-	-	85.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	0.5%	2,118	2,108	2,048	2,054	2,051	1,608	1,288	1,330	1,356	1,311	1,291	1,182	1,155	1,130	1,098	1,031	992	986	963	930	896
Retained Earnings	2.3%	478	467	453	437	421	424	-	-	-	359	-	-	-	257	-	-	-	196	-	-	-
Additional Paid-In Capital	0.2%	1,812	1,809	1,813	1,809	1,804	1,378	-	-	-	964	-	-	-	856	-	-	-	786	-	-	-
Shares Outstanding	0.1%	85.00	85.00	85.00	85.00	85.00	72.00	61.00	61.00	61.00	57.00	57.00	55.00	55.00	54.00	53.00	52.00	52.00	51.00	51.00	-	-
Float	-	-	-	-	1,880	-	-	-	2,029	-	-	-	1,893	-	-	-	1,081	-	-	-	1,309	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-17.4%	24,672	29,883	62,655	45,030	13,045	48,496	49,022	43,807	54,534	49,808	23,050	34,616	47,098	42,372	-12,146	5,740	24,686	42,438	25,881	29,343	20,083
Share Based Compensation	-29.6%	2,217	3,150	3,194	4,454	2,642	4,535	2,504	2,697	1,419	1,193	3,230	2,503	1,759	1,833	1,947	1,524	2,000	1,470	1,746	1,898	2,129
Cashflow From Investing	-165.1%	-25,714	39,488	159,382	135,858	192,718	383,792	-282,016	-288,132	-178,519	-283,294	-194,807	-19,365	84,955	39,593	-18,497	-472,658	109,060	-242,647	-83,778	-79,392	84,476
Cashflow From Financing	174.4%	236,584	-318,171	-253,938	-244,248	383,540	-448,963	-449,759	-76,822	608,771	-256,480	-49,393	454,269	443,184	12,555	-184,109	676,364	56,597	192,480	30,378	5,817	-16,499
Buy Backs	-100.0%	-	10,823	-	45.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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SBCF Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Interest and fees on loans	$ 147,095	$ 135,168
Interest and dividends on securities	22,427	19,349
Interest on interest bearing deposits and other investments	6,184	3,474
Total Interest Income	175,706	157,991
Interest on deposits	47,534	16,033
Interest on time certificates	17,121	5,552
Interest on borrowed money	5,973	5,254
Total Interest Expense	70,628	26,839
Net Interest Income	105,078	131,152
Provision for credit losses	1,368	31,598
Net Interest Income after Provision for Credit Losses	103,710	99,554
Noninterest income:
Service charges on deposit accounts	4,960	4,242
Interchange income	1,888	4,694
Wealth management income	3,540	3,063
Mortgage banking fees	381	426
Insurance agency income	1,291	1,101
SBA gains	739	322
BOLI income	2,264	1,916
Other	5,205	6,574
Noninterest income, excluding securities gains (losses)	20,268	22,338
Securities gains, net	229	107
Total Noninterest Income	20,497	22,445
Noninterest Expense:
Salaries and wages	40,304	47,616
Employee benefits	7,889	8,562
Outsourced data processing costs	12,118	14,553
Occupancy	8,037	8,019
Furniture and equipment	2,011	2,267
Marketing	2,655	2,238
Legal and professional fees	2,151	7,479
FDIC assessments	2,158	1,443
Amortization of intangibles	6,292	6,727
Other real estate owned expense and net (gain) loss on sale	(26)	195
Provision for credit losses on unfunded commitments	250	1,239
Other	6,532	7,137
Total Noninterest Expense	90,371	107,475
Income Before Income Taxes	33,836	14,524
Provision for income taxes	7,830	2,697
Net Income	$ 26,006	$ 11,827
Net income per share of common stock
Diluted (in dollars per share)	$ 0.31	$ 0.15
Basic (in dollars per share)	$ 0.31	$ 0.15
Average common shares outstanding
Diluted (in shares)	85,270	80,717
Basic (in shares)	84,908	80,151

SBCF Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 137,850	$ 167,511
Interest bearing deposits with other banks	544,874	279,671
Total cash and cash equivalents	682,724	447,182
Time deposits with other banks	7,856	5,857
Debt securities:
Securities available-for-sale (at fair value)	1,949,463	1,836,020
Securities held-to-maturity (fair value $540.2 million at March 31, 2024 and $558.4 million at December 31, 2023)	669,896	680,313
Total debt securities	2,619,359	2,516,333
Loans held for sale (at fair value)	9,475	4,391
Loans	9,978,052	10,062,940
Less: Allowance for credit losses	(146,669)	(148,931)
Loans, net of allowance for credit losses	9,831,383	9,914,009
Bank premises and equipment, net	110,787	113,304
Other real estate owned	7,315	7,560
Goodwill	732,417	732,417
Other intangible assets, net	89,377	95,645
Bank owned life insurance	301,229	298,974
Net deferred tax assets	111,539	113,232
Other assets	326,554	331,345
Total Assets	14,830,015	14,580,249
Liabilities
Deposits	12,015,840	11,776,935
Securities sold under agreements to repurchase, maturing within 30 days	326,732	374,573
Federal Home Loan Bank (“FHLB”) borrowings	110,000	50,000
Long-term debt, net	106,468	106,302
Other liabilities	153,225	164,353
Total Liabilities	12,712,265	12,472,163
Shareholders’ Equity
Common stock, par value $0.10 per share, authorized 120,000,000 shares, issued $85,555,007 and outstanding $84,935,054 at March 31, 2024, and authorized 120,000,000, issued 85,480,183 and outstanding 84,861,498 shares at December 31, 2023	8,494	8,486
Additional paid-in-capital	1,811,941	1,808,883
Retained earnings	478,017	467,305
Less: Treasury stock	(16,746)	(16,710)
Total shareholders' equity, before accumulated other comprehensive (loss) income, net	2,281,706	2,267,964
Accumulated other comprehensive loss, net	(163,956)	(159,878)
Total Shareholders’ Equity	2,117,750	2,108,086
Total Liabilities and Shareholders’ Equity	$ 14,830,015	$ 14,580,249

About Seacoast Banking Corp of Florida

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides integrated financial services to retail and commercial customers in Florida. It offers commercial and retail banking, wealth management, mortgage, and insurance services through online and mobile banking solutions; and brokerage and annuity services. The company offers noninterest and interest-bearing demand deposit, money market, savings, and customer sweep accounts; time certificates of deposit; construction and land development, commercial and residential real estate, and commercial and financial loans; and consumer loans, including installment loans and revolving lines, as well as loans for automobiles, boats, and personal or family purposes. Seacoast Banking Corporation of Florida was founded in 1926 and is headquartered in Stuart, Florida.

CEO	Mr. Charles M. Shaffer
WEBSITE	seacoastbanking.com
INDUSTRY	Banks Diversified
EMPLOYEES	1670

Seacoast Banking Corp of Florida Frequently Asked Questions

What is the ticker symbol for Seacoast Banking Corp of Florida? What does SBCF stand for in stocks?

SBCF is the stock ticker symbol of Seacoast Banking Corp of Florida. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Seacoast Banking Corp of Florida (SBCF)?

As of Mon May 13 2024, market cap of Seacoast Banking Corp of Florida is 2.05 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SBCF stock?

You can check SBCF's fair value in chart for subscribers.

What is the fair value of SBCF stock?

You can check SBCF's fair value in chart for subscribers. The fair value of Seacoast Banking Corp of Florida is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Seacoast Banking Corp of Florida is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SBCF so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Seacoast Banking Corp of Florida a good stock to buy?

The fair value guage provides a quick view whether SBCF is over valued or under valued. Whether Seacoast Banking Corp of Florida is cheap or expensive depends on the assumptions which impact Seacoast Banking Corp of Florida's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SBCF.

What is Seacoast Banking Corp of Florida's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 13 2024, SBCF's PE ratio (Price to Earnings) is 17.31 and Price to Sales (PS) ratio is 2.9. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SBCF PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Seacoast Banking Corp of Florida's stock?

In the past 10 years, Seacoast Banking Corp of Florida has provided 0.092 (multiply by 100 for percentage) rate of return.