Seacoast Banking Corporation of Florida (SBCF): Revisiting Valuation After a Strong Year-to-Date Share Price Gain

Seacoast Banking Corporation of Florida (SBCF) has quietly outperformed many regional peers this year, and with the stock up about 19% year to date, investors are starting to recheck the bank’s fundamentals.

See our latest analysis for Seacoast Banking Corporation of Florida.

At around $31.82, Seacoast’s recent pullback sits against a solid backdrop, with a roughly 7 percent 1 month share price return and a near 20 percent year to date share price gain suggesting momentum is still building rather than fading.

If Seacoast’s steady climb has you thinking about what else could surprise to the upside, this is a good moment to explore fast growing stocks with high insider ownership.

But with earnings growing faster than peers and the share price already near analysts’ targets, is Seacoast still trading at a discount to its fundamentals, or has the market already priced in the next leg of growth?

Most Popular Narrative Narrative: 5.3% Undervalued

With Seacoast last closing at $31.82 against a narrative fair value of about $33.58, the current setup assumes more upside than the headline suggests.

Seacoast continues to benefit from strong population and business growth in Florida, with robust loan pipelines driven by economic expansion and net migration, supporting expectations for sustained mid

to high single-digit organic loan growth and upward momentum in net interest income and total revenue.

Read the complete narrative.

Curious how that growth path turns into a higher price tag, even with a disciplined discount rate and lower future earnings multiple baked in? The narrative spells out the specific revenue ramps, margin lift, and earnings step change needed to justify today’s fair value call.

Result: Fair Value of $33.58 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, sustaining high single digit growth, amid rising competition and heavy commercial real estate exposure, could quickly test the limits of today’s bullish assumptions.

Find out about the key risks to this Seacoast Banking Corporation of Florida narrative.

Another View: Multiples Tell a Different Story

While our narrative fair value suggests Seacoast is 5.3 percent undervalued, its 21.3 times earnings multiple looks rich against peers at 17.5 times and the US Banks industry at 12 times, and even tops its own 19.5 times fair ratio. Is the market already paying up for perfection?

See what the numbers say about this price — find out in our valuation breakdown.

Build Your Own Seacoast Banking Corporation of Florida Narrative

If you see the story differently, or want to dig into the numbers yourself, you can build a complete narrative in just minutes, Do it your way.

A great starting point for your Seacoast Banking Corporation of Florida research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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