Seacoast Banking (SBCF) shares ended the last trading session 6.2% higher at $23.62. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 12.1% loss over the past four weeks.

Seacoast Banking stock surged during a broad market rally, driven by President Donald Trump’s announcement of a 90-day tariff pause for non-retaliating nations. This news boosted investor confidence, triggering a sharp rise in SBCF shares.

This holding company for Seacoast National Bank is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of +29%. Revenues are expected to be $136.9 million, up 9% from the year-ago quarter.

While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For Seacoast Banking, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SBCF going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

Seacoast Banking is part of the Zacks Banks - Southeast industry. HomeTrust Bancshares (HTB), another stock in the same industry, closed the last trading session 5.7% higher at $33.72. HTB has returned -3.4% in the past month.

HomeTrust Bancshares' consensus EPS estimate for the upcoming report has changed +2.7% over the past month to $0.76. Compared to the company's year-ago EPS, this represents a change of -13.6%. HomeTrust Bancshares currently boasts a Zacks Rank of #2 (Buy).

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Seacoast Banking Corporation of Florida (SBCF) : Free Stock Analysis Report

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This article originally published on Zacks Investment Research (zacks.com).

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