Stonegate Bank (SGBK) Given Daily Coverage Optimism Rating of 0.04
Media coverage about Stonegate Bank (NASDAQ:SGBK) has been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Stonegate Bank earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.7040858492181 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research analysts have commented on SGBK shares. ValuEngine raised Stonegate Bank from a “hold” rating to a “buy” rating in a report on Thursday, June 8th. BidaskClub downgraded Stonegate Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Stonegate Bank presently has a consensus rating of “Hold” and an average target price of $49.33.
Shares of Stonegate Bank (NASDAQ SGBK) opened at 48.79 on Monday. The company has a 50 day moving average price of $47.16 and a 200 day moving average price of $46.48. The company has a market cap of $747.41 million, a P/E ratio of 22.72 and a beta of 0.45. Stonegate Bank has a one year low of $32.86 and a one year high of $48.79.
Stonegate Bank (NASDAQ:SGBK) last announced its 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 firm had revenue of $29.68 million during the quarter, compared to analyst estimates of $32.35 million. Equities research analysts expect that Stonegate Bank will post $2.44 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, September 14th. Stonegate Bank’s dividend payout ratio is 14.75%.
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Stonegate Bank Company Profile
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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