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SBCF

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

25.44USD+0.07 (+0.28%)Delayed as of 28 Mar 2024, 11:01 am ET

Market Summary

SBCF
USD25.44+0.07
Delayedas of 28 Mar 2024, 11:01 am
0.28%

SBCF Alerts

  • Big jump in Revenue (Y/Y)

SBCF Stock Price

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SBCF RSI Chart

SBCF Valuation

Market Cap

2.2B

Price/Earnings (Trailing)

20.7

Price/Sales (Trailing)

3.13

EV/EBITDA

2.87

Price/Free Cashflow

14.3

SBCF Price/Sales (Trailing)

SBCF Profitability

EBT Margin

19.49%

Return on Equity

4.93%

Return on Assets

0.71%

Free Cashflow Yield

6.99%

SBCF Fundamentals

SBCF Revenue

Revenue (TTM)

689.0M

Rev. Growth (Yr)

39.14%

Rev. Growth (Qtr)

-1.66%

SBCF Earnings

Earnings (TTM)

104.0M

Earnings Growth (Yr)

23.47%

Earnings Growth (Qtr)

-5.96%

Breaking Down SBCF Revenue

52 Week Range

17.9327.45
(Low)(High)

Last 7 days

3.8%

Last 30 days

-0.5%

Last 90 days

-12.1%

Trailing 12 Months

-8.9%

How does SBCF drawdown profile look like?

SBCF Financial Health

Debt/Equity

0.05

Debt/Cashflow

1.42

SBCF Investor Care

Dividend Yield

2.8%

Dividend/Share (TTM)

0.71

Shares Dilution (1Y)

0.43%

Diluted EPS (TTM)

1.23

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023460.3M550.8M639.2M689.0M
2022293.1M309.1M327.3M380.5M
2021283.4M277.9M283.0M284.2M
2020290.3M291.3M286.6M287.0M
2019258.4M273.9M287.6M289.8M
2018206.3M215.6M224.7M241.4M
2017156.7M167.5M177.9M191.6M
2016121.3M130.5M139.3M148.1M
201590.1M99.4M111.8M116.4M
201470.8M71.3M71.6M80.3M
201371.4M70.6M71.0M70.8M
201280.0M78.0M75.5M73.3M
201182.3M81.5M81.0M80.8M
2010096.3M90.4M84.5M
2009000102.2M

Tracking the Latest Insider Buys and Sells of Seacoast Banking Corp of Florida

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Feb 29, 2024
dexter tracey
acquired
-
-
5,242
evp & cfo
Feb 29, 2024
forlenza joseph m
acquired
-
-
4,715
evp & cro
Feb 29, 2024
shaffer charles m
acquired
-
-
12,581
chairman, president & ceo
Feb 29, 2024
hudson dennis s iii
acquired
-
-
16,772
-
Feb 29, 2024
carroll austen
acquired
-
-
5,242
evp, chief lending officer
Feb 29, 2024
kleffel juliette
acquired
-
-
5,765
-
Jan 10, 2024
culbreth h gilbert jr
acquired
11,230
27.3254
411
-
Jan 10, 2024
daum julie h
acquired
11,230
27.3254
411
-
Jan 04, 2024
daum julie h
gifted
-
-
-370
-
Dec 31, 2023
forlenza joseph m
sold (taxes)
-50,971
28.46
-1,791
evp & cro

1–10 of 50

Which funds bought or sold SBCF recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC FINANCIAL SERVICES GROUP, INC.
reduced
-3.3
344,338
1,703,760
-%
Mar 11, 2024
VANGUARD GROUP INC
added
3.54
43,720,100
171,619,000
-%
Mar 05, 2024
Fisher Asset Management, LLC
reduced
-12.68
1,752,190
15,063,700
0.01%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
reduced
-9.96
2,460,470
17,197,600
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-0.83
289,939
1,306,310
-%
Feb 26, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
181,000
792,000
0.01%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
1.19
1,050,000
4,423,000
-%
Feb 16, 2024
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
reduced
-17.05
265,875
3,811,880
0.01%
Feb 15, 2024
BARCLAYS PLC
added
30.41
2,224,000
5,447,000
-%
Feb 15, 2024
MERCER GLOBAL ADVISORS INC /ADV
added
4.02
176,000
680,000
-%

1–10 of 50

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

Unveiling Seacoast Banking Corp of Florida's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm 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
Mar 04, 2024
4
Insider Trading
Mar 04, 2024
4
Insider Trading
Mar 04, 2024
4
Insider Trading
Mar 04, 2024
4
Insider Trading
Mar 04, 2024
4
Insider Trading
Mar 04, 2024
4
Insider Trading
Feb 27, 2024
10-K
Annual Report
Feb 14, 2024
8-K
Current Report
Feb 13, 2024
5
Insider Trading
Feb 13, 2024
5
Insider Trading

What is the Fair Value of SBCF?

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Cheap
or
Expensive?


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks

Peers (Alternatives to Seacoast Banking Corp of Florida)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
574.7B
171.1B
9.83% 42.39%
11.6
3.36
60.72% 31.52%
297.7B
130.3B
8.68% 33.18%
11.23
2.29
79.51% -3.68%
206.2B
85.7B
10.06% 39.05%
10.77
2.41
41.49% 39.96%
120.0B
133.3B
10.88% 37.45%
13
0.9
79.09% -
16.4B
10.2B
11.38% -2.76%
10.23
1.61
44.53% -22.43%
14.6B
7.9B
6.82% 30.36%
15.11
1.84
46.47% -49.56%
MID-CAP
7.2B
4.2B
2.60% 18.49%
8.16
1.72
56.25% -23.46%
6.4B
3.9B
0.02% 35.77%
9.4
1.62
45.91% -25.03%
3.3B
1.3B
-0.91% 7.40%
12.35
2.6
43.24% -22.35%
3.2B
2.0B
-1.30% -0.93%
17.55
1.64
70.97% -50.03%
SMALL-CAP
509.4M
120.2M
2.72% 45.71%
19.47
4.24
25.23% -24.02%
428.7M
164.9M
-6.65% 19.35%
36.65
2.6
42.66% -70.76%
411.8M
162.6M
-0.86% -7.25%
13.69
2.53
25.39% -38.37%
313.8M
96.6M
-6.16% 2.24%
9.9
3.25
11.02% -11.37%
46.8M
60.9M
-6.19% -32.56%
-13.99
0.77
24.06% -144.92%

Seacoast Banking Corp of Florida News

Latest updates
Yahoo Movies Canada • 25 Mar 2024 • 05:42 pm
CNN • 06 Mar 2024 • 07:53 am

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

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue-1.7%17718017415812791.0084.0078.0074.0073.0068.0069.0073.0068.0073.0073.0072.0073.0072.0072.0070.00
EBITDA Margin-7.6%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-7.1%11111912713112088.0082.0077.0072.0071.0066.0067.0069.0064.0067.0063.0062.0061.0060.0061.0060.00
Income Taxes-9.0%8.009.0010.003.008.009.009.006.008.007.009.0010.009.007.007.00-0.158.008.007.006.005.00
Earnings Before Taxes-6.6%38.0040.0041.0015.0032.0038.0042.0026.0045.0030.0040.0044.0038.0030.0032.001.0035.0034.0030.0029.0021.00
EBT Margin-2.8%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-6.0%30.0031.0031.0012.0024.0029.0033.0021.0036.0023.0031.0034.0029.0023.0025.001.0027.0026.0023.0023.0016.00
Net Income Margin-1.9%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-52.3%30.0063.0045.0013.0048.0049.0044.0055.0050.0023.0035.0047.0042.00-12.156.0025.0042.0026.00---
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-1.6%14,58014,82315,04215,25512,14610,34510,81210,9059,6819,8939,3178,8128,3428,2888,0847,3537,1096,8916,8256,7836,748
    Cash Equivalents-35.7%4476967287912022199011,2237381,2281,449979404310524315125132160204116
  Net PPE-2.1%11311611711711782.0075.0075.0072.0071.0069.0070.0075.0076.0069.0072.0067.0068.0069.0070.0071.00
  Goodwill0.1%732732733728480104287287252252221221221221212212205205205205-
Liabilities-2.4%12,47212,77512,98813,20410,5389,0579,4829,5498,3718,6038,1347,6567,2127,1897,0536,3616,1235,9285,8955,8875,883
  Long Term Debt-106---85.00------------50.001403.00380
    LT Debt, Non Current-106---85.00----------------
Shareholder's Equity2.9%2,1082,0482,0542,0511,6081,2881,3301,3561,3111,2911,1821,1551,1301,0981,031992986963930896864
  Retained Earnings3.1%467453437421424---359---257---196---97.00
  Additional Paid-In Capital-0.2%1,8091,8131,8091,8041,378---964---856---786---779
Shares Outstanding-0.3%85.0085.0085.0085.0072.0061.0061.0061.0057.0057.0055.0055.0054.0054.0052.0052.0051.0051.0051.00--
Float---1,880---2,029---1,893---1,081---1,309--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-52.3%29,88362,65545,03013,04548,49649,02243,80754,53449,80823,05034,61647,09842,372-12,1465,74024,68642,43825,88129,34320,08344,755
  Share Based Compensation-1.4%3,1503,1944,4542,6424,5352,5042,6971,4191,1933,2302,5031,7591,8331,9471,5242,0001,4701,7461,8982,1292,220
Cashflow From Investing-75.2%39,488159,382135,858192,718383,792-282,016-288,132-178,519-283,294-194,807-19,36584,95539,593-18,497-472,658109,060-242,647-83,778-79,39284,476-10,590
Cashflow From Financing-25.3%-318,171-253,938-244,248383,540-448,963-449,759-76,822608,771-256,480-49,393454,269443,18412,555-184,109676,36456,597192,48030,3785,817-16,499-23,308
  Buy Backs-10,823-45.00------------------

SBCF Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest and dividends on securities   
Taxable$ 82,926$ 56,611$ 29,206
Nontaxable354546577
Interest and fees on loans581,105315,717251,471
Interest on interest bearing deposits and other investments24,5907,6202,990
Total Interest Income688,975380,494284,244
Interest Expense   
Interest on deposits126,5357,3183,605
Interest on time certificates52,2542,6422,788
Interest on securities sold under agreement to repurchase8,323986141
Interest on Federal Home Loan Bank borrowings6,3783300
Interest on long-term debt7,2453,0561,685
Total Interest Expense200,73514,3328,219
Net Interest Income488,240366,162276,025
Provision for credit losses37,51826,183(9,421)
Net Interest Income After Provision for Credit Losses450,722339,979285,446
Noninterest Income:   
Service charges on deposit accounts18,27813,7099,777
Interchange income13,87717,17116,231
Wealth management income12,78011,0519,628
Mortgage banking fees1,7903,47811,782
Insurance agency income4,5108050
SBA gains2,1058421,531
BOLI income8,4015,5724,154
Other20,30414,55918,202
Noninterest income, excluding securities gains (losses)82,04567,18771,305
Securities losses, net (includes net losses of $2.9 million for 2023, $0 for 2022 and net gains of $2.2 million for 2021 in other comprehensive income reclassifications)(2,893)(1,096)(578)
Total Noninterest Income79,15266,09170,727
Noninterest Expense:   
Salaries and wages177,637130,10097,283
Employee benefits29,91819,02617,873
Outsourced data processing costs52,09827,51019,919
Telephone / data lines5,2043,7993,223
Occupancy26,66818,53914,140
Furniture and equipment8,6926,4205,390
Marketing9,1566,2864,583
Legal and professional fees17,51420,70311,376
FDIC assessments8,6303,1372,405
Amortization of intangibles28,7269,1015,033
Other real estate owned expense and net loss (gain) on sale985(1,534)(264)
Provision for credit losses on unfunded commitments1,2391,157133
Other29,15523,69016,341
Total Noninterest Expense395,622267,934197,435
Income Before Income Taxes134,252138,136158,738
Income taxes30,21931,62934,335
Net Income$ 104,033$ 106,507$ 124,403
Net income per share of common stock   
Diluted (in dollars per share)$ 1.23$ 1.66$ 2.18
Basic (in dollars per share)$ 1.24$ 1.67$ 2.20
Average common shares outstanding   
Diluted (in shares)84,32964,26457,088
Basic (in shares)83,80063,70756,586

SBCF Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets  
Cash and due from banks$ 167,511$ 120,748
Interest bearing deposits with other banks279,67181,192
Total cash and cash equivalents447,182201,940
Time deposits with other banks5,8573,236
Debt securities:  
Securities available-for-sale (at fair value)1,836,0201,871,742
Securities held-to-maturity (fair value $558.4 million in 2023 and $617.7 million in 2022)680,313747,408
Total debt securities2,516,3332,619,150
Loans held for sale (at fair value)4,3913,151
Loans10,062,9408,144,724
Less: Allowance for credit losses(148,931)(113,895)
Loans, net of allowance for credit losses9,914,0098,030,829
Bank premises and equipment, net113,304116,892
Other real estate owned7,5602,301
Goodwill732,417480,319
Other intangible assets, net95,64575,451
Bank owned life insurance298,974237,824
Net deferred tax assets113,23294,457
Other assets331,345280,212
Total Assets14,580,24912,145,762
Deposits  
Noninterest demand3,544,9814,070,973
Interest-bearing demand2,790,2102,337,590
Savings651,4541,064,392
Money market3,314,2881,985,974
Other time deposits803,393369,389
Brokered time certificates122,3473,798
Time certificates of more than $250,000550,262149,479
Total Deposits11,776,9359,981,595
Securities sold under agreements to repurchase, maturing within 30 days374,573172,029
FHLB borrowings50,000150,000
Long-term debt, net106,30284,533
Other liabilities164,353149,830
Total Liabilities12,472,16310,537,987
Commitments and Contingencies
Shareholders' Equity  
Common stock, par value $0.10 per share authorized 120,000,000 shares, issued 85,480,183 and outstanding 84,861,498 shares in 2023 and authorized 120,000,000 shares, issued 72,099,136 and outstanding 71,617,852 shares in 20228,4867,162
Additional paid-in capital1,808,8831,377,802
Retained earnings467,305423,863
Less: Treasury stock (618,685 shares in 2023 and 481,284 shares in 2022), at cost(16,710)(13,019)
Total shareholders' equity, before accumulated other comprehensive income (loss), net2,267,9641,795,808
Accumulated other comprehensive loss, net(159,878)(188,033)
Total Shareholders' Equity2,108,0861,607,775
Total Liabilities & Shareholders' Equity$ 14,580,249$ 12,145,762
SBCF
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
 WEBSITEwww.seacoastbanking.com
 EMPLOYEES1670

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 Wed Mar 27 2024, market cap of Seacoast Banking Corp of Florida is 2.15 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 Wed Mar 27 2024, SBCF's PE ratio (Price to Earnings) is 20.7 and Price to Sales (PS) ratio is 3.13. 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 0.084 (multiply by 100 for percentage) rate of return.