Headlines about Stonegate Bank (NASDAQ:SGBK) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Stonegate Bank earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 46.4182692844001 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Stonegate Bank (NASDAQ:SGBK) traded down 0.24% during mid-day trading on Friday, reaching $46.56. The company’s stock had a trading volume of 60,645 shares. Stonegate Bank has a 12-month low of $31.35 and a 12-month high of $48.53. The firm’s 50 day moving average is $46.41 and its 200-day moving average is $46.19. The company has a market cap of $708.60 million, a PE ratio of 21.44 and a beta of 0.45.
Stonegate Bank (NASDAQ:SGBK) last posted its earnings results on Friday, July 28th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.02. The business had revenue of $29.68 million during the quarter, compared to the consensus estimate of $32.35 million. Equities analysts anticipate that Stonegate Bank will post $2.44 earnings per share for the current fiscal year.
SGBK has been the topic of several recent analyst reports. ValuEngine raised Stonegate Bank from a “hold” rating to a “buy” rating in a research note on Thursday, June 8th. Zacks Investment Research downgraded Stonegate Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Finally, BidaskClub raised Stonegate Bank from a “sell” rating to a “hold” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $49.33.
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About Stonegate Bank
Stonegate Bank (the Bank) is a state chartered commercial bank in the State of Florida. The Bank provides a full range of banking services to individual and corporate customers from its branch locations in Southeast and West Florida. The Bank provides personal banking, business banking and wealth management services.
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