Media stories about Stonegate Bank (NASDAQ:SGBK) have been trending positive this week, Alpha One Sentiment Analysis reports. Alpha One, a division of Accern, ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Stonegate Bank earned a news sentiment score of 0.39 on Alpha One’s scale. Alpha One also assigned news stories about the bank an impact score of 83 out of 100, meaning that recent press coverage is very likely to have an effect on the company’s share price in the next several days.
Shares of Stonegate Bank (NASDAQ:SGBK) opened at 45.40 on Friday. The stock has a market capitalization of $694.67 million, a P/E ratio of 21.13 and a beta of 0.45. Stonegate Bank has a 52-week low of $30.61 and a 52-week high of $48.53. The firm has a 50-day moving average price of $45.94 and a 200-day moving average price of $43.70.
Stonegate Bank (NASDAQ:SGBK) last announced its quarterly earnings data on Friday, April 28th. The bank reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $27.96 million for the quarter, compared to analysts’ expectations of $29.49 million. On average, analysts predict that Stonegate Bank will post $2.60 EPS for the current year.
A number of brokerages recently commented on SGBK. Zacks Investment Research lowered Stonegate Bank from a “buy” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $49.00 price target on shares of Stonegate Bank in a report on Wednesday, April 5th. Finally, Hovde Group downgraded Stonegate Bank from an “outperform” rating to a “market perform” rating and set a $49.00 target price for the company. in a research 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. Stonegate Bank presently has an average rating of “Hold” and a consensus price target of $49.33.
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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