News coverage about Stonegate Bank (NASDAQ:SGBK) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Stonegate Bank earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.7348561850517 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Separately, BidaskClub upgraded shares of Stonegate Bank from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Stonegate Bank has a consensus rating of “Hold” and a consensus price target of $49.00.
Stonegate Bank (SGBK) opened at 51.62 on Thursday. Stonegate Bank has a 12-month low of $33.18 and a 12-month high of $51.77. The stock has a market cap of $790.77 million, a price-to-earnings ratio of 24.04 and a beta of 0.45. The company has a 50-day moving average of $47.32 and a 200 day moving average of $46.50.
Stonegate Bank (NASDAQ:SGBK) last posted its earnings results on Friday, July 28th. The bank reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). Stonegate Bank had a return on equity of 8.07% and a net margin of 28.04%. The company had revenue of $29.68 million during the quarter, compared to analyst estimates of $32.35 million. Equities analysts anticipate that Stonegate Bank will post $2.46 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.32 annualized dividend and a yield of 0.62%. Stonegate Bank’s dividend payout ratio (DPR) is currently 14.75%.
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Stonegate Bank Company Profile
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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