News coverage about Stonegate Bank (NASDAQ:SGBK) has trended positive recently, Alpha One Sentiment Analysis reports. The research firm, a unit of Accern, ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Stonegate Bank earned a news sentiment score of 0.46 on Alpha One’s scale. Alpha One also assigned media headlines about the bank an impact score of 25 out of 100, meaning that recent media coverage is very unlikely to have an effect on the company’s share price in the next few days.
Stonegate Bank (NASDAQ:SGBK) traded up 0.40% during trading on Tuesday, hitting $45.70. The stock had a trading volume of 137,947 shares. Stonegate Bank has a 52-week low of $30.56 and a 52-week high of $48.53. The company has a 50-day moving average price of $45.89 and a 200-day moving average price of $43.93. The company has a market cap of $699.26 million, a price-to-earnings ratio of 21.27 and a beta of 0.45.
Stonegate Bank (NASDAQ:SGBK) last posted its quarterly earnings data on Friday, April 28th. The bank reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $27.96 million during the quarter, compared to analysts’ expectations of $29.49 million. Equities research analysts forecast that Stonegate Bank will post $2.60 EPS for the current year.
A number of equities analysts have recently commented on SGBK shares. Zacks Investment Research raised Stonegate Bank from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Wednesday, February 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $49.00 price target on shares of Stonegate Bank in a report on Wednesday, April 5th. Finally, Hovde Group lowered Stonegate Bank from an “outperform” rating to a “market perform” rating and set a $49.00 price target for the company. in a report on Monday, April 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company 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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