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.
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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