Seacoast Banking Corporation of Florida (SBCF): A Technical View

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As of Wednesday close, Seacoast Banking Corporation of Florida’s (NASDAQ:SBCF) stock was down -$0.11, moving down -0.33 percent to $33.72. The average number of shares traded per day over the past five days has been 502,680 shares. 5 times new highs have been achieved over the past 5 days, with a $1.61 gain in that time frame. In the last twenty days, the average volume was 543,765, while in the previous 50 days, it was 424,430.

Since last month, SBCF stock rose 11.14%. Shares of the company fell to $29.05 on 10/28/22, the lowest level in the past month. A 52-week high of $39.31 was reached on 01/18/22 after having rallying from a 52-week low of $29.05. Since the beginning of this year, SBCF’s stock price has dropped by -4.72% or -$1.67, and marked a new high 8 times. However, the stock has declined by -14.22% since its 52-week high.


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SBCF stock investors should be aware that Seacoast Banking Corporation of Florida (SBCF) stock had its last reported insider trading activity 101 days ago on Aug 15. HUDSON DENNIS S III, the Director of the company, disposed of 5,621 shares for $35.48 on Aug 15. It resulted in a $199,433 divestment by the insider. HUDSON DENNIS S III sold 2,542 shares at an average price of $35.48 on Aug 15. The insider now owns 169,698 shares following the transaction. On Aug 01, Director HUDSON DENNIS S III sold 8,000 shares at $36.00 apiece. The transaction was valued at $288,000.

Valuation Metrics

Right now, Seacoast Banking Corporation of Florida (SBCF) has a P/E ratio of about 17.29. The stock’s beta is 1.08. Besides these, the trailing price-to-sales (P/S) ratio of 6.15, the price-to-book (PB) ratio of 1.61, and the price-to-cash flow ratio of 13.78 may also be considered.

The latest dividend of $0.17 per share was paid out, remained unchanged from last year’s $0.17. On Tuesday April 19 2022, a $0.04 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.06, and the total debt-to-equity ratio was 0.06. In the year ended June 29, operating margins totaled 94.90%. Based on annual data, SBCF earned $276.02 million in gross profit and brought in $284.24 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.20%. Return on equity (ROE) for the past 12 months was 9.00%.

In Seacoast Banking Corporation of Florida’s quarter-end financial report for June 29, it reported total debt of $71.86 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Seacoast Banking Corporation of Florida to report $0.53 quarterly earnings, the actual figure was $0.53 per share. The value of shareholders’ equity is $61.48 million.

Technical Picture

This quick technical analysis looks at Seacoast Banking Corporation of Florida’s (SBCF) price momentum. With a historical volatility rate of 24.57%, the RSI 9-day stood at 69.01% on 23 November.

With respect to its five-day moving average, the current Seacoast Banking Corporation of Florida price is up by +5.01% percent or $1.61. At present, SBCF shares trade +12.03% above its 20-day simple moving average and +0.45% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.73% above its SMA50 and -10.82% below its SMA200.

Stochastic coefficient K was 94.65% and Stochastic coefficient D was 89.88%, while ATR was 0.87. Given the Stochastic reading of 89.04% for the 14-day period, the RSI (14) reading has been calculated as 64.56%. As of today, the MACD Oscillator reading stands at 0.78, while the 14-day reading stands at 1.21.

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