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SBCF

Seacoast Banking Corporation of FloridaNasdaqGS:SBCF Stock Report

Market Cap

US$2.0b

7D

1.6%

1Y

71.2%

Updated

24 Oct, 2021

Data

Company Financials +
SBCF fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends3/6

SBCF Overview

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to retail and commercial customers in Florida.

Seacoast Banking Corporation of Florida Competitors

First Financial Bankshares

NasdaqGS:FFIN

US$7.2b

ServisFirst Bancshares

NYSE:SFBS

US$4.3b

BankUnited

NYSE:BKU

US$3.7b

United Community Banks

NasdaqGS:UCBI

US$3.2b

Price History & Performance

Summary of all time highs, changes and price drops for Seacoast Banking Corporation of Florida
Historical stock prices
Current Share PriceUS$36.80
52 Week HighUS$19.67
52 Week LowUS$40.93
Beta1.28
1 Month Change12.33%
3 Month Change20.50%
1 Year Change71.24%
3 Year Change48.45%
5 Year Change112.72%
Change since IPO90.49%

Recent News & Updates

Oct 06
I Ran A Stock Scan For Earnings Growth And Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Passed With Ease

I Ran A Stock Scan For Earnings Growth And Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Passed With Ease

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

SBCFUS BanksUS Market
7D1.6%3.3%1.7%
1Y71.2%73.9%30.3%

Return vs Industry: SBCF underperformed the US Banks industry which returned 73.9% over the past year.

Return vs Market: SBCF exceeded the US Market which returned 30.3% over the past year.

Price Volatility

Is SBCF's price volatile compared to industry and market?
SBCF volatility
SBCF Beta1.28
Industry Beta1.32
Market Beta1

Stable Share Price: SBCF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SBCF's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1926965Chuck Shafferhttps://www.seacoastbanking.com

Seacoast Banking Corporation of Florida operates as the bank holding company for Seacoast National Bank that provides financial services to retail and commercial customers in Florida. The company offers commercial and retail banking, wealth management, and mortgage services; and brokerage and annuity services. It offers deposit products, including interest-bearing and noninterest demand deposits, money market and savings accounts, customer sweep accounts, and time certificates of deposit; construction and land development loans, commercial and residential real estate loans, 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 Fundamentals Summary

How do Seacoast Banking Corporation of Florida's earnings and revenue compare to its market cap?
SBCF fundamental statistics
Market CapUS$2.02b
Earnings (TTM)US$117.10m
Revenue (TTM)US$339.09m

17.3x

P/E Ratio

1.7x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SBCF income statement (TTM)
RevenueUS$339.09m
Cost of RevenueUS$0
Gross ProfitUS$339.09m
ExpensesUS$221.99m
EarningsUS$117.10m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)2.13
Gross Margin100.00%
Net Profit Margin34.53%
Debt/Equity Ratio16.2%

How did SBCF perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

6%

Payout Ratio

Does SBCF pay a reliable dividends?

See SBCF dividend history and benchmarks
When do you need to buy SBCF by to receive an upcoming dividend?
Seacoast Banking Corporation of Florida dividend dates
Ex Dividend DateDec 14 2021
Dividend Pay DateDec 31 2021
Days until Ex dividend50 days
Days until Dividend pay date67 days

Does SBCF pay a reliable dividends?

See SBCF dividend history and benchmarks

Valuation

Is Seacoast Banking Corporation of Florida undervalued compared to its fair value and its price relative to the market?

22.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SBCF ($36.8) is trading below our estimate of fair value ($47.58)

Significantly Below Fair Value: SBCF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SBCF is poor value based on its PE Ratio (17.3x) compared to the US Banks industry average (11.1x).

PE vs Market: SBCF is good value based on its PE Ratio (17.3x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: SBCF is poor value based on its PEG Ratio (3.9x)


Price to Book Ratio

PB vs Industry: SBCF is overvalued based on its PB Ratio (1.7x) compared to the US Banks industry average (1.2x).


Future Growth

How is Seacoast Banking Corporation of Florida forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

4.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBCF's forecast earnings growth (4.4% per year) is above the savings rate (2%).

Earnings vs Market: SBCF's earnings (4.4% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: SBCF's earnings are forecast to grow, but not significantly.

Revenue vs Market: SBCF's revenue (6.7% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: SBCF's revenue (6.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SBCF's Return on Equity is forecast to be low in 3 years time (9%).


Past Performance

How has Seacoast Banking Corporation of Florida performed over the past 5 years?

26.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBCF has high quality earnings.

Growing Profit Margin: SBCF's current net profit margins (34.5%) are higher than last year (29.3%).


Past Earnings Growth Analysis

Earnings Trend: SBCF's earnings have grown significantly by 26.3% per year over the past 5 years.

Accelerating Growth: SBCF's earnings growth over the past year (49%) exceeds its 5-year average (26.3% per year).

Earnings vs Industry: SBCF earnings growth over the past year (49%) exceeded the Banks industry 37.3%.


Return on Equity

High ROE: SBCF's Return on Equity (9.9%) is considered low.


Financial Health

How is Seacoast Banking Corporation of Florida's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: SBCF's Assets to Equity ratio (7.9x) is low.

Allowance for Bad Loans: SBCF has a sufficient allowance for bad loans (246%).

Low Risk Liabilities: 96% of SBCF's liabilities are made up of primarily low risk sources of funding.

Loan Level: SBCF has an appropriate level of Loans to Assets ratio (57%).

Low Risk Deposits: SBCF's Loans to Deposits ratio (68%) is appropriate.

Level of Bad Loans: SBCF has an appropriate level of bad loans (0.6%).


Dividend

What is Seacoast Banking Corporation of Florida current dividend yield, its reliability and sustainability?

1.41%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 25 2021Ex Dividend DateDec 14 2021Dividend Pay DateDec 31 202117 days from Ex DividendBuy in the next 50 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SBCF's dividend (1.41%) is higher than the bottom 25% of dividend payers in the US market (1.29%).

High Dividend: SBCF's dividend (1.41%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether SBCF's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if SBCF's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (6.1%), SBCF's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SBCF's dividends in 3 years are forecast to be well covered by earnings (24.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Chuck Shaffer (47 yo)

0.75

Tenure

US$1,432,398

Compensation

Mr. Charles M. Shaffer, also known as Chuck, has been Chief Executive Officer and Director at Seacoast Banking Corporation of Florida and Seacoast National Bank since January 1, 2021 and has been its Presi...


CEO Compensation Analysis

Compensation vs Market: Chuck's total compensation ($USD1.43M) is below average for companies of similar size in the US market ($USD3.49M).

Compensation vs Earnings: Chuck's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: SBCF's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: SBCF's board of directors are considered experienced (7.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SBCF insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.2%.


Top Shareholders

Company Information

Seacoast Banking Corporation of Florida's employee growth, exchange listings and data sources


Key Information

  • Name: Seacoast Banking Corporation of Florida
  • Ticker: SBCF
  • Exchange: NasdaqGS
  • Founded: 1926
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$2.024b
  • Shares outstanding: 55.01m
  • Website: https://www.seacoastbanking.com

Number of Employees


Location

  • Seacoast Banking Corporation of Florida
  • 815 Colorado Avenue
  • Stuart
  • Florida
  • 34994
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 22:23
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.