Favorable Press Coverage Very Likely to Affect Stonegate Bank (SGBK) Share Price
Media headlines about Stonegate Bank (NASDAQ:SGBK) have been trending positive recently, according to AlphaOne. The research group, a subsidiary of Accern, identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Stonegate Bank earned a news impact score of 0.39 on AlphaOne’s scale. AlphaOne also assigned media coverage about the bank an impact score of 83 out of 100, meaning that recent media coverage is very likely to have an effect on the stock’s share price in the immediate future.
Several research firms recently commented on SGBK. Zacks Investment Research upgraded Stonegate Bank from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Wednesday, February 1st. Hovde Group downgraded Stonegate Bank from an “outperform” rating to a “market perform” rating and set a $49.00 price objective on the stock. in a research note on Monday, April 3rd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $49.00 price objective on shares of Stonegate Bank in a research note on Wednesday, April 5th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Stonegate Bank presently has a consensus rating of “Hold” and an average price target of $49.33.
Stonegate Bank (NASDAQ:SGBK) traded up 0.66% during trading on Thursday, reaching $45.80. The company had a trading volume of 162,033 shares. Stonegate Bank has a 12-month low of $29.54 and a 12-month high of $48.53. The firm has a market capitalization of $653.29 million, a PE ratio of 21.40 and a beta of 0.45. The firm’s 50 day moving average price is $46.82 and its 200 day moving average price is $42.00.
The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Wednesday, March 15th. Stonegate Bank’s dividend payout ratio (DPR) is 15.02%.
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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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