Seacoast Banking Corp of Florida (NASDAQ: SBCF) has reported earnings for its second fiscal quarter (ending June 30) of $0.36 versus $0.37 for the same period a year ago — a decline of -3%. However, this result exceeded the consensus estimate of $0.33 by $0.03. For the latest four quarters through June 30, E.P.S. were $1.39 versus $1.34 for the same period a year ago — an increase of 4%.
Recent Price Action
Seacoast Banking Corp of Florida (NASDAQ: SBCF) stock closed at $28.66 on 7/25/24 after a large increase of 2.8%. Moreover, trading volume in this advance was unusually high at 184% of normal. The stock has risen 2.4% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
SBCF’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Seacoast Banking has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Seacoast Banking has a slightly positive Appreciation Score of 69 and a neutral Power Rating of 47, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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