The Manufacturers Life Insurance Company grew its holdings in shares of Stonegate Bank (NASDAQ:SGBK) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,313 shares of the bank’s stock after buying an additional 1,044 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of Stonegate Bank worth $475,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Alps Advisors Inc. boosted its stake in shares of Stonegate Bank by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 10,053 shares of the bank’s stock valued at $464,000 after buying an additional 26 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Stonegate Bank by 3.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 5,389 shares of the bank’s stock valued at $249,000 after buying an additional 198 shares during the last quarter. First Bank & Trust boosted its stake in shares of Stonegate Bank by 5.0% during the 2nd quarter. First Bank & Trust now owns 5,152 shares of the bank’s stock valued at $238,000 after buying an additional 243 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Stonegate Bank by 4.5% during the 2nd quarter. Citigroup Inc. now owns 8,222 shares of the bank’s stock valued at $380,000 after buying an additional 351 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Stonegate Bank by 14.0% during the 2nd quarter. Legal & General Group Plc now owns 3,325 shares of the bank’s stock valued at $154,000 after buying an additional 409 shares during the last quarter. Institutional investors own 65.17% of the company’s stock.

Separately, BidaskClub upgraded 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 assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $49.00.

Stonegate Bank (NASDAQ SGBK) opened at $51.62 on Friday. Stonegate Bank has a one year low of $33.18 and a one year high of $51.22.

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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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