Press coverage about Stonegate Bank (NASDAQ:SGBK) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Stonegate Bank earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 45.4646624125829 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Stonegate Bank (SGBK) traded up 1.16% during midday trading on Friday, reaching $51.62. 789,157 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $47.32 and its 200 day moving average price is $46.50. Stonegate Bank has a 52-week low of $33.18 and a 52-week high of $51.77. The firm has a market capitalization of $790.77 million, a P/E ratio of 24.04 and a beta of 0.45.
Stonegate Bank (NASDAQ:SGBK) last released 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. Stonegate Bank had a net margin of 28.04% and a return on equity of 8.07%. On average, equities research analysts anticipate that Stonegate Bank will post $2.46 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Thursday, September 14th. Stonegate Bank’s dividend payout ratio is presently 14.75%.
Separately, BidaskClub cut shares of Stonegate Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Stonegate Bank presently has a consensus rating of “Hold” and a consensus price target of $49.00.
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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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