Seacoast Banking Corporation of Florida
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Financials : Banks | Small Cap Value
Company profile

Seacoast Banking Corporation of Florida is a financial holding company. The Company's principal subsidiary is Seacoast National Bank (Seacoast Bank), a wholly owned national banking association. It provides integrated financial services, including commercial and consumer banking, wealth management and mortgage services to customers through online and mobile banking solutions and Seacoast Bank's network of approximately 54 traditional branches and commercial banking centers. Its loans held for investment are categorized as construction and land development, commercial real estate-owner-occupied, commercial real estate-non-owner-occupied, residential real estate, commercial and financial, and consumer and paycheck protection program. Its offices stretch from the southeast, including Fort Lauderdale, Boca Raton and Palm Beach, north along the east coast to the Daytona area, into Orlando and Central Florida and the adjacent Tampa market, and west to Okeechobee and surrounding counties.

Closing Price
$31.44
Day's Change
-0.41 (-1.29%)
Bid
--
Ask
--
B/A Size
--
Day's High
31.66
Day's Low
31.07
Volume
(Light)
Volume:
235,708

10-day average volume:
342,255
235,708

15 quality dividend stocks that you can buy on sale right now

9:50 am ET July 30, 2022 (MarketWatch)
Print

By Philip van Doorn

John Buckingham, editor of the Prudent Speculator, digs deeply for discounted stocks with attractive dividend yields

John Buckingham, editor of the Prudent Speculator newsletter, paraphrases Warren Buffett when he says "whether it is socks or stocks, we like to buy quality merchandise that is marked down."

And 2022 is a year that has set up attractive buying opportunities.

Pouring money into stocks during a bull market means you're buying high. But if you're building a nest egg over decades, lower prices will get you a better return.

Buckingham screened 15 dividend stocks, starting with those that pass the value criteria to be included in the Prudent Speculator's flagship strategy. They are listed below.

The Prudent Speculator is published by Kovitz Investment Group of Chicago and tops the list for 30-year returns among newsletters tracked by the Hulbert Financial Digest. The TPS portfolio's average annualized 30-year return is 14.5% through June 30, compared with 9.9% for the S&P 500 , with dividends reinvested monthly, according to Hulbert.

The Prudent Speculator's portfolio includes 80 stocks identified as long-term investments, drawn from an initial group of about 3,000 publicly traded U.S. companies. Buckingham and his colleagues narrow the list to identify highly liquid, "potentially undervalued" names relative to the market. Then they subject companies to a number of proprietary screens for quality.

Buckingham has said that making good selections has been an important part of the TPS approach's success, but he has also said "we are superior stockholders," to emphasize the importance of remaining committed over the long term. Investors must expect the market to stage dramatic pullbacks fairly frequently. Those can provide advantages if you are putting money to work. But it is important not to try to time a market downturn -- the tendency is for investors to return after the market has started its recovery, so the timing efforts tend to worsen long-term performance.

This chart, provided by Buckingham, shows how investors' movement in and out of funds has hurt their performance, relative to the broader market:

A 'creative' dividend stock screen

Buckingham listed 15 stocks that passed the TPS screens and also met these criteria:

Here are the 15 dividend stocks Buckingham listed, sorted alphabetically by ticker:

Company                          Ticker  Dividend yield  Closing price -- July 27  TPS Target Price  Price change -- 2022 through July 27  Forward P/E 
Broadcom Inc.                     AVGO            3.11%                  $511.09           $714.73                                 -23%         13.4 
Bank of New York Mellon Corp.      BK             3.45%                   $42.11            $67.30                                 -27%          9.5 
Cisco Systems Inc.                CSCO            3.41%                   $43.83            $69.73                                 -31%         12.7 
Fifth Third Bancorp               FITB            3.56%                   $33.15            $50.24                                 -24%          8.6 
Foot Locker Inc.                   FL             5.88%                   $26.35            $57.27                                 -40%          6.3 
Greenbrier Cos. Inc.              GBX             3.40%                   $31.24            $54.21                                 -32%         11.5 
Intel Corp.                       INTC            3.63%                   $38.96            $60.83                                 -24%         11.8 
JPMorgan Chase & Co.              JPM             3.47%                  $113.42           $183.86                                 -28%          9.6 
KeyCorp                           KEY             4.33%                   $17.63            $28.20                                 -24%          7.7 
Kohl's Corp.                      KSS             7.39%                   $26.32            $58.93                                 -47%          5.8 
ManpowerGroup Inc.                MAN             3.54%                   $74.21           $142.40                                 -24%          9.2 
M.D.C. Holdings Inc.              MDC             5.49%                   $35.79            $70.91                                 -36%          3.6 
New York Community Bancorp Inc.   NYCB            6.71%                    $9.39            $16.17                                 -23%          7.9 
Seagate Technology Holdings PLC   STX             3.56%                   $75.99           $118.99                                 -33%         10.9 
Whirlpool Corp.                   WHR             4.14%                  $168.36           $284.80                                 -28%          7.4 
                                                                                                                                     Source: FactSet 

Click on the tickers for more about each company.

You should do your own research to form your own opinion before making any investment. Click here for Tomi Kilgore's detailed guide to the wealth of information for free on the MarketWatch quote page.

Don't miss: Semiconductor stocks have been hit hard, but many are poised for rapid growth. Here are 15 expected to shine through 2024

-Philip van Doorn

	

(END) Dow Jones Newswires

July 30, 2022 09:50 ET (13:50 GMT)

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