Stonegate Bank (SGBK) Getting Somewhat Positive Media Coverage, Report Shows
Headlines about Stonegate Bank (NASDAQ:SGBK) have been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Stonegate Bank earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the bank an impact score of 46.1064768240861 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of analysts have weighed in on the stock. BidaskClub lowered shares of Stonegate Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine upgraded shares of Stonegate Bank from a “hold” rating to a “buy” rating in a research report on Thursday, June 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $49.33.
Stonegate Bank (SGBK) opened at 51.62 on Friday. The stock’s 50 day moving average is $47.32 and its 200-day moving average is $46.50. The firm has a market cap of $790.77 million, a price-to-earnings ratio of 24.04 and a beta of 0.45. Stonegate Bank has a one year low of $33.18 and a one year high of $51.77.
Stonegate Bank (NASDAQ:SGBK) last issued its quarterly earnings results on Friday, July 28th. The bank reported $0.59 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.02). The firm had revenue of $29.68 million for the quarter, compared to analysts’ expectations of $32.35 million. On average, equities research analysts expect that Stonegate Bank will post $2.46 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.08 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.62%. Stonegate Bank’s dividend payout ratio (DPR) is 14.75%.
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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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