Stonegate Bank (NASDAQ:SGBK)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $31.56, but opened at $31.62. Stonegate Bank shares last traded at $31.85, with a volume of 11,433 shares traded.

Several equities analysts have recently issued reports on SGBK shares. Zacks Investment Research lowered Stonegate Bank from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Keefe, Bruyette & Woods boosted their target price on Stonegate Bank from $35.00 to $36.00 and gave the stock a “market perform” rating in a research report on Friday, July 29th. Finally, Sandler O’Neill restated a “buy” rating on shares of Stonegate Bank in a research report on Thursday, May 26th.

The firm has a market capitalization of $406.94 million and a price-to-earnings ratio of 15.05. The stock’s 50-day moving average is $31.80 and its 200 day moving average is $30.75.

Stonegate Bank (NASDAQ:SGBK) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. Equities research analysts anticipate that Stonegate Bank will post $2.11 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Stonegate Bank stock. Nationwide Fund Advisors raised its stake in shares of Stonegate Bank (NASDAQ:SGBK) by 85.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,381 shares of the company’s stock after buying an additional 16,280 shares during the period. Nationwide Fund Advisors owned 0.28% of Stonegate Bank worth $1,163,000 as of its most recent SEC filing.

Stonegate Bank provides a range of business and consumer financial services. The Bank also provides a range of banking services to individual and corporate customers. The Bank provides personal banking, business banking and wealth management services. Its personal banking products include checking, money market, savings, certificates of deposit, individual retirement accounts (IRAs), consumer loans and residential mortgage loans.

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