Seacoast Banking Corporation of Florida (NASDAQ:SBCF) went down by -5.39% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Banks – Regional giant went up by $19.30 to trade ended Wednesday trading at $20.40. This is down from the $20.4 price recorded on Tuesday’s trading session. Thanks to this latest performance, SBCF is closer to the higher price 52-week target of $25.00 and further from the lowest price target of $22.00. Its performance from the start of the year has also been negative, with SBCF down by -36.87% year-to-date.
Seacoast Banking Corporation of Florida (SBCF) started the day trading at $20.45 and recorded an intraday high of $20.63. It also recorded an intraday low of $19.23 during Wednesday’s trading session. Seacoast Banking Corporation of Florida is a very active stock that recorded a trading volume that is less than -11.95% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 255925, which is less than -11.95 of the total average daily trading volume of 286.52K.
Seacoast Banking Corporation of Florida (NASDAQ:SBCF) 2020 Performance Impressive
The increase in SBCF’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of SBCF currently stands at $31.42, which is higher than the current trading price of the stock by 38.57%. However, SBCF’s current trading price is -45.11% lower than the 52-week low price of $13.30. In terms of trading volume, Seacoast Banking Corporation of Florida currently experienced healthy participation during the last trading session. 255925 shares of Seacoast Banking Corporation of Florida were traded on the stock exchange on Wednesday, which is less than -11.95% of the 286.52K average trading volume of the stock.
The performance of the stock has been positive over the past year. SBCF’s performance over the past one year has seen it plunge by -23.44%, while the stock has gone down by -36.87% in the last six months. The quarterly performance of SBCF currently stands at 8.31%, and it is down by -9.90% in the last month. The only negative figure was from the weekly performance, which currently reads -1.28%. At the time of writing SBCF’s report, the company has a total market cap of $1.10B, making it one of the largest publicly-traded companies in the world.Seacoast Banking Corporation of Florida also has over 867 employees all over the world.
SBCF Insider Activities
For Seacoast Banking Corporation of Florida, insiders hold 86.40% of all company shares. The insider transactions over the past six months are up by 14.30%. During that period, insiders bought 137,849 shares in 32 transactions. In that same period, insiders sold 58,492 of their shares in 26 transactions. After these transactions, insiders at Seacoast Banking Corporation of Florida now hold 1.4M shares, which is over 92.43% of the total company stocks. Institutional investors currently hold a large chunk of the SBCF shares, as they control 2.66% of the company’s total stock.
SBCF Fundamental Analysis
For Seacoast Banking Corporation of Florida, the stock’s diluted earnings per share (EPS) stands at 1.48. In the coming year, analysts expect the EPS to be 1.52. The stock’s EPS growth this year is 37.00%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, Seacoast Banking Corporation of Florida’s quarterly sales (YOY) is growing at 0.34, which is lower than the average annual revenue of 56.00% over the past half a decade.
The Return on Investment (ROI) on Seacoast Banking Corporation of Florida’s stock currently stands at 19.20%, and it has a net profit margin of 26.40%. The operating margin of the company is 71.20%.
SBCF Analysts Prediction
The B. Riley FBR has a Neutral rating for Seacoast Banking Corporation of Florida, predicting the stock price to stay between $29 and $30. Another analyst that has a Underperform rating for SBCF is Hovde Group, which set a price target of between $28 and $27.50.
SBCF received a positive rating from B. Riley FBR, which set a price target of $37-$35 for the stock.
At the moment, Seacoast Banking Corporation of Florida’s Total Debt to Equity ratio stands at 0.07, and they have a long-term Debt to Equity ratio of 0.07.
SBCF Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of SBCF currently stands at -10.04%, while the SMA50 is -7.49%. The biggest one is the SMA200, which is currently reading -21.98% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 42.69, while its price to earnings ratio (P/E) is 13.08.