Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Announces Quarterly Dividend of $0.19

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Monday, June 15th will be paid a dividend of 0.19 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, June 15th.

Seacoast Banking Corporation of Florida has a payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Seacoast Banking Corporation of Florida to earn $2.76 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 27.5%.

Seacoast Banking Corporation of Florida Price Performance

Shares of SBCF traded down $0.18 during trading hours on Friday, reaching $31.84. 35,140 shares of the company’s stock traded hands, compared to its average volume of 723,093. The stock has a market cap of $3.11 billion, a PE ratio of 19.89 and a beta of 0.91. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.35. The firm’s 50 day simple moving average is $31.38 and its 200-day simple moving average is $31.76. Seacoast Banking Corporation of Florida has a 12 month low of $22.22 and a 12 month high of $35.55.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) last issued its earnings results on Thursday, January 29th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.07). The firm had revenue of $204.80 million during the quarter, compared to analysts’ expectations of $201.25 million. Seacoast Banking Corporation of Florida had a return on equity of 7.07% and a net margin of 15.47%.The firm’s quarterly revenue was up 53.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. Equities analysts expect that Seacoast Banking Corporation of Florida will post 2.53 EPS for the current year.

About Seacoast Banking Corporation of Florida

Seacoast Banking Corporation of Florida operates as a bank holding company through its principal subsidiary, Seacoast National Bank. Headquartered in Stuart, Florida, Seacoast National Bank provides a full range of commercial and retail banking services across the coastal region of Florida. Its network of branches serves customers from Martin County through Miami-Dade County, offering deposit accounts, lending solutions, cash management and payment services to individuals, small businesses and middle-market companies.

In addition to traditional banking, Seacoast offers specialized mortgage lending and wealth management services.