Seacoast Banking Corporation of Florida (NASDAQ:SBCF) is expected to report third quarter earnings results, after market close, on Tuesday 27th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.38 per share.
Looking ahead, the full year income are expected at $ 1.34 per share on the revenues of $ 327.64 million.
Previous Quarter Performance
Seacoast Banking Corporation of Florida revealed income for the second quarter of $ 0.48 per share, from the revenue of $ 82.28 million. The quarterly earnings swell 6.67 percent while revenues escalated 9.07 percent compared with the same quarter last year.
Street analysts expected Seacoast Banking Corporation of Florida to report income of $ 0.34 per share on revenue of $ 78.65 million for the second quarter. The bottom line results beat street analysts by $ 0.14 or 41.18 percent, at the same time, top line results outshined analysts by $ 3.63 million or 4.62 percent.
Stock Performance
Shares of Seacoast Banking Corporation of Florida traded up $ 0.35 or 1.66 percent on Friday, reaching $ 21.49 with volume of 267.00 thousand shares. Seacoast Banking Corporation of Florida has traded high as $ 21.78 and has cracked $ 21.02 on the downward trend
According to the previous trading day, closing price of $ 21.49, representing a 58.95 % increase from the 52 week low of $ 13.30 and a 32.72 % decrease over the 52 week high of $ 31.42.
The company has a market capital of $ 1.18 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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.
