California State Teachers Retirement System boosted its stake in shares of Stonegate Bank (NASDAQ:SGBK) by 3.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 24,825 shares of the bank’s stock after purchasing an additional 800 shares during the period. California State Teachers Retirement System owned approximately 0.16% of Stonegate Bank worth $1,146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dumac Inc. acquired a new stake in shares of Stonegate Bank during the 2nd quarter valued at about $1,270,000. Schwab Charles Investment Management Inc. lifted its stake in Stonegate Bank by 47.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 27,500 shares of the bank’s stock valued at $1,295,000 after buying an additional 8,900 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in Stonegate Bank by 58.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 66,270 shares of the bank’s stock valued at $3,060,000 after buying an additional 24,565 shares in the last quarter. Vanguard Group Inc. lifted its stake in Stonegate Bank by 21.9% in the 1st quarter. Vanguard Group Inc. now owns 532,011 shares of the bank’s stock valued at $25,053,000 after buying an additional 95,434 shares in the last quarter. Finally, JCSD Capital LLC lifted its stake in Stonegate Bank by 162.7% in the 2nd quarter. JCSD Capital LLC now owns 144,643 shares of the bank’s stock valued at $6,680,000 after buying an additional 89,584 shares in the last quarter. 65.17% of the stock is currently owned by institutional investors.

Stonegate Bank (NASDAQ:SGBK) opened at $51.62 on Friday. Stonegate Bank has a 12 month low of $33.20 and a 12 month high of $51.77.

Separately, BidaskClub raised shares of Stonegate Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $49.00.

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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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Institutional Ownership by Quarter for Stonegate Bank (NASDAQ:SGBK)

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