Northern Trust Corp raised its stake in Stonegate Bank (NASDAQ:SGBK) by 19.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,278 shares of the bank’s stock after purchasing an additional 25,168 shares during the period. Northern Trust Corp owned about 1.03% of Stonegate Bank worth $7,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. Dumac Inc. acquired a new stake in Stonegate Bank in the 2nd quarter valued at about $1,270,000. Schwab Charles Investment Management Inc. raised its position in Stonegate Bank by 47.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 27,500 shares of the bank’s stock valued at $1,295,000 after purchasing an additional 8,900 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Stonegate Bank by 58.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 66,270 shares of the bank’s stock valued at $3,060,000 after purchasing an additional 24,565 shares in the last quarter. Vanguard Group Inc. raised its position in Stonegate Bank by 21.9% in the 1st quarter. Vanguard Group Inc. now owns 532,011 shares of the bank’s stock valued at $25,053,000 after purchasing an additional 95,434 shares in the last quarter. Finally, JCSD Capital LLC raised its position in shares of Stonegate Bank by 162.7% during the 2nd quarter. JCSD Capital LLC now owns 144,643 shares of the bank’s stock worth $6,680,000 after acquiring an additional 89,584 shares in the last quarter. 65.17% of the stock is currently owned by institutional investors.
Separately, BidaskClub lowered Stonegate Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $49.00.
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Shares of Stonegate Bank (NASDAQ:SGBK) opened at $51.62 on Friday. Stonegate Bank has a 12-month low of $33.20 and a 12-month high of $51.77.
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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