Stonegate Bank (SGBK) Getting Somewhat Favorable Press Coverage, Report Finds

Press coverage about Stonegate Bank (NASDAQ:SGBK) has been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Stonegate Bank earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.3144315014237 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of Stonegate Bank (NASDAQ SGBK) traded up $0.59 on Friday, reaching $51.62. 789,100 shares of the company traded hands, compared to its average volume of 127,670. Stonegate Bank has a 12-month low of $33.20 and a 12-month high of $51.77.

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 assigned a buy rating to the company’s stock. Stonegate Bank presently has a consensus rating of “Hold” and an average target price of $49.00.

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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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