Stonegate Bank (NASDAQ:SGBK) to Release Earnings on Monday

Stonegate Bank (NASDAQ:SGBK) will post its quarterly earnings results after the market closes on Monday, July 24th. Analysts expect Stonegate Bank to post earnings of $0.63 per share for the quarter.

Stonegate Bank (NASDAQ:SGBK) last posted its quarterly earnings results on Friday, April 28th. The bank reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $27.96 million for the quarter, compared to analyst estimates of $29.49 million. On average, analysts expect Stonegate Bank to post $2.42 EPS for the current fiscal year and $2.68 EPS for the next fiscal year.

Stonegate Bank (SGBK) opened at 46.47 on Friday. The stock’s 50 day moving average price is $46.10 and its 200-day moving average price is $45.66. Stonegate Bank has a 12-month low of $30.61 and a 12-month high of $48.53. The firm has a market cap of $711.04 million, a PE ratio of 21.62 and a beta of 0.45.

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were given a dividend of $0.08 per share. The ex-dividend date was Wednesday, June 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.69%. Stonegate Bank’s payout ratio is 14.88%.

A number of equities research analysts have weighed in on SGBK shares. Zacks Investment Research downgraded Stonegate Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. ValuEngine upgraded Stonegate Bank from a “hold” rating to a “buy” rating in a research report on Thursday, June 8th. Keefe, Bruyette & Woods restated a “hold” rating and set a $49.00 price target on shares of Stonegate Bank in a research report on Wednesday, April 5th. Hovde Group downgraded Stonegate Bank from an “outperform” rating to a “market perform” rating and set a $49.00 price target on the stock. in a research report on Monday, April 3rd. Finally, BidaskClub downgraded Stonegate Bank from a “hold” rating to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Stonegate Bank has a consensus rating of “Hold” and an average 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.

Earnings History for Stonegate Bank (NASDAQ:SGBK)

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