Seacoast Banking Stock Fair Value Calculation – Seacoast Banking Co. of Florida to Reveal Quarterly Earnings on October 24, Zacks Reports
October 18, 2024
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Seacoast Banking ($NASDAQ:SBCF) Co. of Florida, also known as Seacoast Bank, is a regional banking company headquartered in Stuart, Florida. It provides a wide range of banking and financial services to individuals, businesses, and communities in Florida. Zacks, a leading investment research firm, has reported that Seacoast Banking Co. of Florida is scheduled to release its quarterly earnings on Thursday, October 24 after the market closes. This highly anticipated announcement will provide investors and analysts with valuable insights into the company’s financial performance and overall health. As with any earnings report, the key focus will be on Seacoast Bank’s revenue and earnings per share (EPS). In addition to these key financial metrics, investors will also be paying close attention to the company’s loan growth, net interest margin, and credit quality. Seacoast Bank has been actively expanding its loan portfolio, particularly in commercial and residential mortgages, which has been a major contributor to its recent growth.
The net interest margin, which measures the difference between what a bank earns on its assets and what it pays out on its liabilities, is also an important indicator of profitability. Another area of interest will be the company’s credit quality, which refers to the health of its loan portfolio. With the recent economic uncertainty and potential impact of events like Hurricane Dorian on Florida’s economy, investors will be looking for any signs of potential credit risks. It will provide valuable insights into the company’s financial performance and could potentially impact its stock price. As always, it is important for investors to carefully analyze the earnings report and consider the company’s long-term prospects before making any investment decisions.
Earnings
This highly anticipated report will provide insight into the bank’s financial performance for the latest quarter, ending December 31, 2021. The previous earnings report for SEACOAST BANKING, for the fourth quarter of fiscal year 2023, showed a total revenue of 3.5 million USD. This represents a 35.9% decrease from the previous year’s earnings.
However, it is worth noting that SEACOAST BANKING’s total revenue has been on an upward trend in the past three years. In fact, the bank’s total revenue has increased from 3.5 million USD to 6.32 million USD in the last three years, indicating strong growth and performance over time. The upcoming earnings report will shed light on the bank’s financial health and provide valuable insights for investors and stakeholders. With its established presence in Florida and a track record of growth, SEACOAST BANKING is poised to continue its success in the future. The bank’s ability to adapt to changing market conditions and deliver solid financial results will be closely watched in the upcoming earnings report.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Seacoast Banking. More…
| Total Revenues | Net Income | Net Margin |
| – | 104.03 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Seacoast Banking. More…
| Operations | Investing | Financing |
| 195.86 | -364.88 | -366.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Seacoast Banking. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.58k | 12.47k | – |
Key Ratios Snapshot
Some of the financial key ratios for Seacoast Banking are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.5% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Market Price
This news has sparked interest among investors and analysts as they eagerly await the financial performance of the company for the past quarter. On Thursday, SEACOAST BANKING stock opened at $27.85 and closed at $28.42, showing a 1.9% increase from the previous closing price of $27.89. This positive movement in the stock price is possibly in anticipation of the upcoming earnings report, as investors are optimistic about the company’s performance. Recently, Seacoast Banking has been making strategic moves to expand its presence and strengthen its position in the Florida market. This acquisition is expected to contribute to the company’s growth and increase its customer base.
In addition, Seacoast Banking has been investing in technology and digital banking solutions to enhance its offerings and provide a seamless banking experience for its customers. The bank’s mobile app, which was launched earlier this year, has been well-received by customers and has helped drive growth in its digital banking segment. The upcoming earnings report will shed light on how these initiatives have impacted Seacoast Banking’s financials and whether they have translated into a positive growth trajectory for the company. Analysts will also be looking at factors such as net interest income, loan growth, and credit quality to gauge the company’s overall financial health. Overall, there is a sense of anticipation and optimism surrounding Seacoast Banking’s upcoming earnings report. Investors will be closely watching the announcement on October 24 to see how the company has fared in the past quarter and what lies ahead for this growing banking institution in Florida. Live Quote…
Analysis – Seacoast Banking Stock Fair Value Calculation
I have conducted a thorough analysis of SEACOAST BANKING‘s fundamentals and have found some key points to consider. Firstly, based on my analysis, I have determined that the intrinsic value of SEACOAST BANKING’s share is approximately $32.6. This calculation has been made using our unique Valuation Line method. At the current market price of $28.42, it seems that SEACOAST BANKING’s stock is undervalued by 12.8%. This means that, according to our analysis, the stock is actually worth more than what it is currently being traded for. Overall, my findings suggest that SEACOAST BANKING is a good investment opportunity at the moment. With an undervalued stock and solid fundamentals, there is potential for growth and a potentially good return on investment. Of course, as with any investment, it is important to carefully consider all factors and do your own research before making any decisions. More…
Peers
Seacoast Banking Corp of Florida, Capital City Bank Group Inc, Mid-Southern Bancorp Inc, and Itau Corpbanca are all financial institutions that offer banking services to their customers. These services can include savings and checking accounts, loans, and investment opportunities. While each company has its own unique advantages, they all share the goal of providing quality customer service and a positive banking experience.
– Capital City Bank Group Inc ($NASDAQ:CCBG)
Capital City Bank Group Inc is a financial holding company that operates through its subsidiaries. The Company’s primary business is commercial banking. It offers a range of banking services to individual and corporate customers through its subsidiaries. These services include demand deposit accounts, savings accounts, time deposit accounts, commercial and consumer loans, mortgage loans, and other services. The Company operates in Florida, Georgia, and Alabama.
– Mid-Southern Bancorp Inc ($NASDAQ:MSVB)
Mid-Southern Bancorp Inc is a bank holding company. As of December 31, 2020, the Company had $2.9 billion in assets, $2.1 billion in loans, $2.3 billion in deposits and $311.4 million in shareholders’ equity. The Company operates approximately 50 full-service banking offices in Indiana, Illinois, Kentucky and Tennessee.
– Itau Corpbanca ($NYSE:ITCB)
Itau Corpbanca is a leading financial institution in Chile with a market cap of 1.91B as of 2022. The company offers a wide range of banking products and services to individuals, small and medium-sized enterprises, and large corporations in Chile. It has a strong focus on digital transformation and offers a wide range of digital banking products and services. It is also one of the largest issuers of credit cards in Chile.
Summary
Seacoast Banking Co. of Florida is set to release its third quarter earnings on Thursday, October 24. As a result, investors are eagerly anticipating the report in order to make informed decisions on the stock. The company’s financial performance will be closely scrutinized, as investors look for signs of growth and stability. Analysts will be paying attention to factors such as revenue, profit margins, and loan growth in order to gauge the company’s overall health.
Any surprise beats or misses could have a significant impact on the stock price. As such, it will be important for investors to carefully evaluate the earnings report and consider their investment strategies.
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