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Seacoast Banking of Florida

Nasdaq:SBCF
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SBCF
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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 last earnings update was 40 days ago. More info.


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SBCF Share Price and Events
7 Day Returns
2%
NasdaqGS:SBCF
1.1%
US Banks
0.5%
US Market
1 Year Returns
-26.2%
NasdaqGS:SBCF
-8%
US Banks
0.8%
US Market
SBCF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Seacoast Banking of Florida (SBCF) 2% -7% -18.6% -26.2% 50.8% 124.6%
US Banks 1.1% -0.6% -2.8% -8% 46.4% 40.3%
US Market 0.5% -0.1% 1% 0.8% 37.5% 37.5%
1 Year Return vs Industry and Market
  • SBCF underperformed the Banks industry which returned -8% over the past year.
  • SBCF underperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
SBCF
Industry
5yr Volatility vs Market

SBCF Value

 Is Seacoast Banking of Florida undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Seacoast Banking of Florida to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Seacoast Banking of Florida.

NasdaqGS:SBCF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= $20.02 * 10.9%
$2.18
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. $20.02
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:SBCF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.593 (1 + (1- 21%) (20.75%))
0.792
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:SBCF using Excess Returns Model Model

The calculations below outline how an intrinsic value for Seacoast Banking of Florida is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:SBCF Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.9% – 7.5%) * $20.02)
$0.68
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.68 / (7.5% - 2.73%)
$14.29
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $20.02 + $14.29
$34.31
NasdaqGS:SBCF Discount to Share Price
Calculation Result
Value per share (USD) From above. $34.31
Current discount Discount to share price of $23.96
= -1 x ($23.96 - $34.31) / $34.31
30.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Seacoast Banking of Florida is available for.
Intrinsic value
30%
Share price is $23.96 vs Future cash flow value of $34.31
Current Discount Checks
For Seacoast Banking of Florida to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Seacoast Banking of Florida's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Seacoast Banking of Florida's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Seacoast Banking of Florida's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Seacoast Banking of Florida's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:SBCF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.47
NasdaqGS:SBCF Share Price ** NasdaqGS (2019-06-14) in USD $23.96
United States of America Banks Industry PE Ratio Median Figure of 600 Publicly-Listed Banks Companies 12.67x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Seacoast Banking of Florida.

NasdaqGS:SBCF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SBCF Share Price ÷ EPS (both in USD)

= 23.96 ÷ 1.47

16.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Seacoast Banking of Florida is overvalued based on earnings compared to the US Banks industry average.
  • Seacoast Banking of Florida is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Seacoast Banking of Florida's expected growth come at a high price?
Raw Data
NasdaqGS:SBCF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
16.2%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.37x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NasdaqGS:SBCF PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.34x ÷ 16.2%

1.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Seacoast Banking of Florida is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Seacoast Banking of Florida's assets?
Raw Data
NasdaqGS:SBCF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $17.54
NasdaqGS:SBCF Share Price * NasdaqGS (2019-06-14) in USD $23.96
United States of America Banks Industry PB Ratio Median Figure of 603 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NasdaqGS:SBCF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SBCF Share Price ÷ Book Value per Share (both in USD)

= 23.96 ÷ 17.54

1.37x

* Primary Listing of Seacoast Banking of Florida.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Seacoast Banking of Florida is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Seacoast Banking of Florida's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Seacoast Banking of Florida has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SBCF Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Seacoast Banking of Florida expected to grow at an attractive rate?
  • Seacoast Banking of Florida's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Seacoast Banking of Florida's earnings growth is expected to exceed the United States of America market average.
  • Seacoast Banking of Florida's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:SBCF Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:SBCF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 16.2%
NasdaqGS:SBCF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 9%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.8%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:SBCF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:SBCF Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 322 110 5
2019-12-31 304 100 5
NasdaqGS:SBCF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 261 117 72
2018-12-31 250 130 67
2018-09-30 253 85 64
2018-06-30 251 84 62
2018-03-31 244 65 53
2017-12-31 230 49 43
2017-09-30 203 68 41
2017-06-30 193 62 36
2017-03-31 183 63 33
2016-12-31 175 62 29
2016-09-30 165 38 24
2016-06-30 154 37 20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Seacoast Banking of Florida's earnings are expected to grow by 16.2% yearly, however this is not considered high growth (20% yearly).
  • Seacoast Banking of Florida's revenue is expected to grow by 9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:SBCF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Seacoast Banking of Florida Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SBCF Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.10 2.20 1.82 6.00
2019-12-31 1.93 1.99 1.86 6.00
NasdaqGS:SBCF Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.47
2018-12-31 1.40
2018-09-30 1.38
2018-06-30 1.36
2018-03-31 1.19
2017-12-31 1.01
2017-09-30 1.00
2017-06-30 0.91
2017-03-31 0.88
2016-12-31 0.79
2016-09-30 0.68
2016-06-30 0.56

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Seacoast Banking of Florida will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Seacoast Banking of Florida's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Seacoast Banking of Florida has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SBCF Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Seacoast Banking of Florida's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Seacoast Banking of Florida has delivered over 20% year on year earnings growth in the past 5 years.
  • Seacoast Banking of Florida's 1-year earnings growth exceeds its 5-year average (35.8% vs 27.2%)
  • Seacoast Banking of Florida's earnings growth has not exceeded the US Banks industry average in the past year (35.8% vs 39.5%).
Earnings and Revenue History
Seacoast Banking of Florida's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Seacoast Banking of Florida Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SBCF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 260.77 71.95 137.65
2018-12-31 249.53 67.28 131.30
2018-09-30 252.66 64.36 126.22
2018-06-30 251.08 62.25 123.87
2018-03-31 243.92 52.97 127.81
2017-12-31 229.72 42.87 127.09
2017-09-30 202.87 40.59 119.84
2017-06-30 193.25 35.51 118.39
2017-03-31 183.00 33.16 110.81
2016-12-31 174.51 29.20 109.19
2016-09-30 164.67 24.47 107.01
2016-06-30 154.05 19.78 107.88
2016-03-31 144.72 20.25 101.35
2015-12-31 139.02 22.14 87.21
2015-09-30 134.37 14.59 135.84
2015-06-30 123.25 13.14 106.58
2015-03-31 113.66 9.26 84.81
2014-12-31 103.61 5.70 74.93
2014-09-30 93.50 7.80 60.27
2014-06-30 90.35 49.01 60.27
2014-03-31 88.28 49.11 60.27
2013-12-31 86.76 47.92 60.27
2013-09-30 85.03 46.63 64.32
2013-06-30 83.81 1.94 64.32
2013-03-31 80.19 -3.35 64.32
2012-12-31 81.84 -4.46 64.37
2012-09-30 84.32 -2.15 59.90
2012-06-30 85.25 0.05 59.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Seacoast Banking of Florida has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Seacoast Banking of Florida used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Seacoast Banking of Florida improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Seacoast Banking of Florida's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Seacoast Banking of Florida has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SBCF Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Seacoast Banking of Florida's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Seacoast Banking of Florida Company Filings, last reported 2 months ago.

NasdaqGS:SBCF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 896.42 254.15 212.19
2018-12-31 864.27 665.13 124.19
2018-09-30 732.83 520.77 114.91
2018-06-30 716.16 475.71 142.08
2018-03-31 701.86 451.84 148.41
2017-12-31 689.66 497.62 122.06
2017-09-30 594.44 601.60 139.87
2017-06-30 577.38 632.94 124.62
2017-03-31 502.49 555.42 144.84
2016-12-31 435.40 689.44 109.64
2016-09-30 435.52 542.86 167.38
2016-06-30 425.43 404.49 126.80
2016-03-31 413.79 318.36 148.63
2015-12-31 353.45 291.97 136.07
2015-09-30 350.28 268.50 100.64
2015-06-30 326.86 287.35 94.75
2015-03-31 321.84 284.65 199.93
2014-12-31 312.65 348.22 100.54
2014-09-30 235.96 308.05 58.90
2014-06-30 234.44 245.27 154.03
2014-03-31 228.38 259.75 218.78
2013-12-31 198.60 254.92 116.22
2013-09-30 203.86 237.95 108.35
2013-06-30 161.25 264.54 140.12
2013-03-31 166.71 265.29 227.05
2012-12-31 165.55 240.41 107.49
2012-09-30 167.21 226.00 172.72
2012-06-30 165.45 243.10 219.64
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Seacoast Banking of Florida has an acceptable proportion of non-loan assets held.
  • Seacoast Banking of Florida's liabilities are made up of primarily low risk sources of funding.
  • Loans at Seacoast Banking of Florida are broadly funded by customer deposits.
  • Seacoast Banking of Florida's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Seacoast Banking of Florida has a sufficient allowance for bad loans.
  • Seacoast Banking of Florida has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Seacoast Banking of Florida's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Seacoast Banking of Florida has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SBCF Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Seacoast Banking of Florida dividends. Estimated to be 0.08% next year.
If you bought $2,000 of Seacoast Banking of Florida shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Seacoast Banking of Florida's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Seacoast Banking of Florida's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:SBCF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 478 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:SBCF Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.04 1.00
2019-12-31 0.00 1.00
NasdaqGS:SBCF Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2011-03-31 0.000 0.000
2011-03-15 0.000 0.000
2011-01-31 0.000 0.000
2010-11-09 0.000 0.000
2010-10-29 0.000 0.000
2010-10-26 0.000 0.000
2010-08-09 0.000 0.000
2010-07-28 0.000 0.000
2010-05-13 0.000 0.000
2010-04-27 0.000 0.000
2010-03-26 0.000 0.000
2010-03-23 0.000 0.000
2010-02-03 0.000 0.000
2009-11-27 0.000 0.000
2009-11-09 0.000 0.000
2009-10-30 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Seacoast Banking of Florida has not reported any payouts.
  • Unable to verify if Seacoast Banking of Florida's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Seacoast Banking of Florida's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Seacoast Banking of Florida has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Seacoast Banking of Florida's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Seacoast Banking of Florida's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Seacoast Banking of Florida afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Seacoast Banking of Florida has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SBCF Management

 What is the CEO of Seacoast Banking of Florida's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Denny Hudson
COMPENSATION $1,508,888
AGE 63
TENURE AS CEO 21 years
CEO Bio

Mr. Dennis S. Hudson, III, also known as Denny, has been the Chief Executive Officer of Seacoast Banking Corporation of Florida since June 1998. Mr. Hudson has been the Chief Executive Officer and President of Seacoast National Bank, a subsidiary of Seacoast Banking Corp. of Florida since 1992 and November 30, 2012 respectively. He served as the President of Seacoast Banking Corporation of Florida from June 1998 to July 2005. He served as a Director Miami Branch of Federal Reserve Bank of Atlanta. He served as the Chief Operating Officer of Seacoast of Seacoast National Bank since 1990. He served as the President of Seacoast Banking Corp. of Florida from June 1998 to July 2005. He has been the Chairman of Seacoast Banking Corp. of Florida since July 19, 2005 and has been its Director since 1984. He has been an Independent Director of Chesapeake Utilities Corporation since October 28, 2009. He served as a Director of Florida Public Utilities Company, Inc. from August 24, 2005 to October 2009. He has been the Chairman at Seacoast Banking Corporation of Florida since July 19, 2005 and also has been its Director since 1984. He has been the Chairman and Director of Seacoast National Bank since 1992 and 1984 respectively. He served as Chairman of the Economic Council of Martin County, YMCA of the Treasure Coast and the Blue Ribbon Task Force for Better Government in Martin County. He serves as a Director of Martin Health System. He serves on the Boards of Federal Reserve Bank, Miami and the Tri- County TEC Foundation. He serves as a Director of the Martin County YMCA Foundation, Council on Aging, St. Michael's Independent School, the Job Training Center. He was Member of Community Bankers of Florida. Mr. Hudson is a graduate of Florida State University with a Bachelor’s degree in Finance, and a Master’s degree in Business Administration.

CEO Compensation
  • Denny's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Denny's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Seacoast Banking of Florida management team in years:

2.6
Average Tenure
58
Average Age
  • The tenure for the Seacoast Banking of Florida management team is about average.
Management Team

Denny Hudson

TITLE
Chairman
COMPENSATION
$2M
AGE
63
TENURE
21 yrs

Chuck Shaffer

TITLE
COO & CFO
COMPENSATION
$934K
AGE
44
TENURE
2.4 yrs

David Houdeshell

TITLE
Chief Credit Officer
COMPENSATION
$665K
AGE
58
TENURE
0.1 yrs

Chuck Cross

TITLE
Executive VP & Commercial Banking Executive
COMPENSATION
$798K
AGE
60
TENURE
5.9 yrs

Julie Kleffel

TITLE
Executive VP & Community Banking Executive
COMPENSATION
$700K
AGE
47
TENURE
2.3 yrs

Jeff Bray

TITLE
Executive VP of Service & Ops
TENURE
2.8 yrs

Dan Chappell

TITLE
Chief HR Officer & Executive VP
TENURE
2.8 yrs

Jeffery Lee

TITLE
Chief Digital Officer
TENURE
0.1 yrs

Mike Sonego

TITLE
Executive VP & Residential Lending Executive
TENURE
2.8 yrs

Joe Forlenza

TITLE
Chief Risk Officer
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure and age of the Seacoast Banking of Florida board of directors in years:

5.7
Average Tenure
64.5
Average Age
  • The tenure for the Seacoast Banking of Florida board of directors is about average.
Board of Directors

Denny Hudson

TITLE
Chairman
COMPENSATION
$2M
AGE
63
TENURE
13.9 yrs

Christopher Fogal

TITLE
Lead Director
COMPENSATION
$125K
AGE
66

Tom Rossin

TITLE
Director
COMPENSATION
$125K
AGE
84
TENURE
16.4 yrs

Gil Culbreth

TITLE
Director
COMPENSATION
$125K
AGE
72
TENURE
10.5 yrs

Dennis Arczynski

TITLE
Director
COMPENSATION
$125K
AGE
66
TENURE
5.8 yrs

Julie Daum

TITLE
Director
COMPENSATION
$100K
AGE
63
TENURE
5.7 yrs

Maryann Goebel

TITLE
Director
COMPENSATION
$100K
AGE
67
TENURE
5.3 yrs

Jacqui Bradley

TITLE
Director
COMPENSATION
$125K
AGE
60
TENURE
4.1 yrs

Herb Lurie

TITLE
Independent Director
COMPENSATION
$100K
AGE
57
TENURE
3.2 yrs

Matthew Lindenbaum

TITLE
Board Observer
AGE
55
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • Seacoast Banking of Florida insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
30. May 19 Sell Juliette Kleffel Individual 29. May 19 29. May 19 -4,433 $24.13 $-106,968
22. Feb 19 Sell Dennis Hudson Individual 22. Feb 19 22. Feb 19 -8,000 $29.31 $-234,480
21. Feb 19 Sell David Houdeshell Individual 20. Feb 19 20. Feb 19 -5,000 $29.15 $-145,750
11. Feb 19 Sell Charles Cross Individual 07. Feb 19 07. Feb 19 -4,812 $28.31 $-136,228
01. Feb 19 Sell Charles Shaffer Individual 31. Jan 19 31. Jan 19 -4,414 $27.50 $-121,385
X
Management checks
We assess Seacoast Banking of Florida's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Seacoast Banking of Florida has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SBCF News

Simply Wall St News

Does Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Have A Particularly Volatile Share Price?

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … See our latest analysis for Seacoast Banking of Florida What does SBCF's beta value mean to investors? … Given that it has a beta of 0.89, we can surmise that the Seacoast Banking of Florida share price has not been strongly impacted by broader market volatility (over the last 5 years).

Simply Wall St -

Have Insiders Been Selling Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Shares?

So before you buy or sell Seacoast Banking Corporation of Florida (NASDAQ:SBCF), you may well want to know whether insiders have been buying or selling. … Check out our latest analysis for Seacoast Banking of Florida Seacoast Banking of Florida Insider Transactions Over The Last Year The Chairman, Dennis Hudson, made the biggest insider sale in the last 12 months. … Seacoast Banking of Florida insiders didn't buy any shares over the last year.

Simply Wall St -

Should You Be Adding Seacoast Banking of Florida (NASDAQ:SBCF) To Your Watchlist Today?

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Seacoast Banking of Florida (NASDAQ:SBCF). … Seacoast Banking of Florida's Earnings Per Share Are Growing. … Seacoast Banking of Florida maintained stable EBIT margins over the last year, all while growing revenue 6.9% to US$261m.

Simply Wall St -

Are You Considering All The Risks For Seacoast Banking Corporation of Florida’s (NASDAQ:SBCF)?

Seacoast Banking Corporation of Florida (NASDAQ:SBCF) is a small-cap bank with a market capitalisation of US$1.4b. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Seacoast Banking of Florida’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of Seacoast Banking of Florida's a stock investment.

Simply Wall St -

If You Had Bought Seacoast Banking of Florida (NASDAQ:SBCF) Stock Five Years Ago, You Could Pocket A 149% Gain Today

For example, the Seacoast Banking Corporation of Florida (NASDAQ:SBCF) share price has soared 149% in the last half decade. … During five years of share price growth, Seacoast Banking of Florida actually saw its EPS drop 11% per year. … In that case, the company may be sacrificing current earnings per share to drive growth.

Simply Wall St -

Could Seacoast Banking Corporation of Florida's (NASDAQ:SBCF) Investor Composition Influence The Stock Price?

If you want to know who really controls Seacoast Banking Corporation of Florida (NASDAQ:SBCF), then you'll have to look at the makeup of its share registry. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned.

Simply Wall St -

Financial Metrics For Seacoast Banking Corporation of Florida (NASDAQ:SBCF)

As a small-cap bank stock with a market capitalisation of US$1.5b, Seacoast Banking Corporation of Florida’s (NASDAQ:SBCF) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Seacoast Banking of Florida to vulnerabilities. … We can gauge Seacoast Banking of Florida’s risk-taking behaviour by analysing three metrics for leverage and liquidity which I will take you through now.

Simply Wall St -

Have Insiders Been Selling Seacoast Banking Corporation of Florida (NASDAQ:SBCF) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in Seacoast Banking Corporation of Florida (NASDAQ:SBCF). … The Last 12 Months Of Insider Transactions At Seacoast Banking of Florida. … That means that even when the share price was below the current price of US$28.99, an insider wanted to cash in some shares

Simply Wall St -

What Does Seacoast Banking Corporation of Florida's (NASDAQ:SBCF) P/E Ratio Tell You?

To keep it practical, we'll show how Seacoast Banking Corporation of Florida's (NASDAQ:SBCF) P/E ratio could help you assess the value on offer. … Seacoast Banking of Florida has a price to earnings ratio of 20.87, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Is Seacoast Banking Corporation of Florida's (NASDAQ:SBCF) CEO Overpaid Relative To Its Peers?

In 1998 Denny Hudson was appointed CEO of Seacoast Banking Corporation of Florida (NASDAQ:SBCF). … How Does Denny Hudson's Compensation Compare With Similar Sized Companies. … Our data indicates that Seacoast Banking Corporation of Florida is worth US$1.2b, and total annual CEO compensation is US$1.5m.

Simply Wall St -

SBCF Company Info

Description

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 treasury management services, as well as home mortgage products; and brokerage and annuity services. It operates through 51 traditional branches and 7 commercial banking centers. The company was founded in 1926 and is headquartered in Stuart, Florida.

Details
Name: Seacoast Banking Corporation of Florida
SBCF
Exchange: NasdaqGS
Founded: 1926
$1,224,807,837
51,118,858
Website: http://www.seacoastbanking.com
Address: Seacoast Banking Corporation of Florida
815 Colorado Avenue,
Stuart,
Florida, 34994,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SBCF Common Stock Nasdaq Global Select US USD 02. Feb 1984
Number of employees
Current staff
Staff numbers
902
Seacoast Banking of Florida employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 23:45
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/29
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.