Stonegate Bank (SGBK) Receiving Somewhat Positive News Coverage, Study Finds
Media headlines about Stonegate Bank (NASDAQ:SGBK) have trended somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Stonegate Bank earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 45.5425864680623 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of equities analysts recently weighed in on the stock. BidaskClub raised shares of Stonegate Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. ValuEngine raised shares of Stonegate Bank from a “hold” rating to a “buy” rating in a research report on Thursday, June 8th. Finally, Zacks Investment Research lowered shares of Stonegate Bank from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Stonegate Bank presently has an average rating of “Hold” and an average price target of $49.33.
Shares of Stonegate Bank (SGBK) opened at 48.12 on Thursday. Stonegate Bank has a 12-month low of $32.33 and a 12-month high of $48.53. The firm’s 50-day moving average is $46.73 and its 200-day moving average is $46.40. The firm has a market capitalization of $737.15 million, a price-to-earnings ratio of 22.41 and a beta of 0.45.
Stonegate Bank (NASDAQ:SGBK) last announced its quarterly earnings results on Friday, July 28th. The bank reported $0.59 EPS for the quarter, missing the consensus estimate of $0.61 by $0.02. The business had revenue of $29.68 million during the quarter, compared to the consensus estimate of $32.35 million. Equities research analysts forecast that Stonegate Bank will post $2.44 EPS for the current fiscal year.
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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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