Shares of Stonegate Bank (NASDAQ:SGBK) have been assigned an average rating of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $49.00.

SGBK has been the subject of a number of research reports. Zacks Investment Research cut shares of Stonegate Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. ValuEngine upgraded shares of Stonegate Bank from a “hold” rating to a “buy” rating in a research report on Thursday, June 8th. Finally, BidaskClub cut shares of Stonegate Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th.

Institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc raised its position in Stonegate Bank by 14.0% during the second quarter. Legal & General Group Plc now owns 3,325 shares of the bank’s stock worth $154,000 after acquiring an additional 409 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Stonegate Bank in the first quarter valued at approximately $175,000. Trexquant Investment LP acquired a new position in shares of Stonegate Bank in the first quarter valued at approximately $219,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Stonegate Bank in the first quarter valued at approximately $220,000. Finally, Kassirer Asset Management Corp acquired a new position in shares of Stonegate Bank in the first quarter valued at approximately $235,000. Institutional investors own 65.17% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Stonegate Bank (SGBK) Receives Average Recommendation of “Hold” from Analysts” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/07/stonegate-bank-sgbk-receives-average-recommendation-of-hold-from-analysts.html.

Stonegate Bank (NASDAQ:SGBK) opened at 46.11 on Thursday. Stonegate Bank has a 12 month low of $32.50 and a 12 month high of $48.53. The firm has a market cap of $706.36 million, a P/E ratio of 21.48 and a beta of 0.45. The firm has a 50 day moving average of $47.00 and a 200-day moving average of $46.46.

Stonegate Bank (NASDAQ:SGBK) last announced its quarterly earnings data on Friday, July 28th. The bank reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.02. The company had revenue of $29.68 million for the quarter, compared to analysts’ expectations of $32.35 million. On average, equities research analysts forecast that Stonegate Bank will post $2.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, September 14th. Stonegate Bank’s payout ratio is currently 14.75%.

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.

Receive News & Stock Ratings for Stonegate Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stonegate Bank and related stocks with our FREE daily email newsletter.