A new trading day began on Friday, with Seacoast Banking Corp. Of Florida (NASDAQ: SBCF) stock price down -4.32% from the previous day of trading, before settling in for the closing price of $26.60. SBCF’s price has ranged from $19.04 to $29.98 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 23.78%. Meanwhile, its annual earnings per share averaged -21.13%. With a float of $83.35 million, this company’s outstanding shares have now reached $84.86 million.
The extent of productivity of a business whose workforce counts for 1541 workers is very important to gauge.
Seacoast Banking Corp. Of Florida (SBCF) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of Seacoast Banking Corp. Of Florida is 1.87%, while institutional ownership is 83.60%. The most recent insider transaction that took place on Jul 16 ’24, was worth 432,000. In this transaction Director of this company sold 16,000 shares at a rate of $27.00, taking the stock ownership to the 234,312 shares. Before that another transaction happened on May 06 ’24, when Company’s EVP, Chief Credit Officer sold 3,855 for $24.44, making the entire transaction worth $94,204. This insider now owns 0 shares in total.
Seacoast Banking Corp. Of Florida (SBCF) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.46 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.36 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -21.13% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.00% during the next five years compared to -2.22% drop over the previous five years of trading.
Seacoast Banking Corp. Of Florida (NASDAQ: SBCF) Trading Performance Indicators
Here are Seacoast Banking Corp. Of Florida’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.74. Likewise, its price to free cash flow for the trailing twelve months is 13.61.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.38, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 1.58 in one year’s time.
Technical Analysis of Seacoast Banking Corp. Of Florida (SBCF)
The latest stats from [Seacoast Banking Corp. Of Florida, SBCF] show that its last 5-days average volume of 0.58 million was superior to 0.42 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 16.99%. Additionally, its Average True Range was 1.04.
During the past 100 days, Seacoast Banking Corp. Of Florida’s (SBCF) raw stochastic average was set at 47.08%, which indicates a significant increase from 9.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.57% in the past 14 days, which was higher than the 32.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.50, while its 200-day Moving Average is $24.42. Now, the first resistance to watch is $25.85. This is followed by the second major resistance level at $26.26. The third major resistance level sits at $26.66. If the price goes on to break the first support level at $25.04, it is likely to go to the next support level at $24.64. The third support level lies at $24.23 if the price breaches the second support level.
Seacoast Banking Corp. Of Florida (NASDAQ: SBCF) Key Stats
With a market capitalization of 2.16 billion, the company has a total of 84,935K Shares Outstanding. Currently, annual sales are 768,130 K while annual income is 104,030 K. The company’s previous quarter sales were 201,990 K while its latest quarter income was 30,240 K.
