Stonegate Bank (SGBK) Earns Coverage Optimism Score of 0.08
Media stories about Stonegate Bank (NASDAQ:SGBK) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Stonegate Bank earned a news impact score of 0.08 on Accern’s scale. Accern also gave news articles about the bank an impact score of 45.504932158542 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Stonegate Bank (NASDAQ SGBK) opened at 48.23 on Friday. The firm has a market cap of $738.84 million, a price-to-earnings ratio of 22.46 and a beta of 0.45. Stonegate Bank has a 12-month low of $32.33 and a 12-month high of $48.53. The stock’s 50 day moving average is $46.67 and its 200 day moving average is $46.38.
Stonegate Bank (NASDAQ:SGBK) last posted its quarterly 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 business had revenue of $29.68 million for the quarter, compared to analysts’ expectations of $32.35 million. Equities analysts expect that Stonegate Bank will post $2.44 earnings per share for the current year.
Several research analysts recently issued reports on the stock. BidaskClub raised shares of Stonegate Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of Stonegate Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, ValuEngine raised shares of Stonegate Bank from a “hold” rating to a “buy” rating in a research report on Thursday, June 8th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $49.33.
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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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