Stonegate Bank (NASDAQ:SGBK) has earned an average recommendation of “Hold” from the five research firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $49.00.

Several research firms have recently commented on SGBK. BidaskClub raised shares of Stonegate Bank from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. ValuEngine raised shares of Stonegate Bank from a “hold” rating to a “buy” rating in a report on Thursday, June 8th.

Shares of Stonegate Bank (NASDAQ:SGBK) traded up 1.16% during midday trading on Monday, hitting $51.62. 789,157 shares of the stock were exchanged. The firm has a 50-day moving average price of $47.32 and a 200-day moving average price of $46.50. The company has a market cap of $790.77 million, a PE ratio of 24.04 and a beta of 0.45. Stonegate Bank has a 12-month low of $33.18 and a 12-month high of $51.77.

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 Thomson Reuters’ consensus estimate of $0.61 by ($0.02). The firm had revenue of $29.68 million for the quarter, compared to analyst estimates of $32.35 million. On average, equities analysts predict that Stonegate Bank will post $2.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, September 14th. Stonegate Bank’s dividend payout ratio (DPR) is presently 14.75%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in shares of Stonegate Bank by 14.0% in 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 period. O Shaughnessy Asset Management LLC acquired a new position in shares of Stonegate Bank in the 1st quarter valued at about $175,000. Trexquant Investment LP acquired a new position in shares of Stonegate Bank in the 1st quarter valued at about $219,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Stonegate Bank in the 1st quarter valued at about $220,000. Finally, First Bank & Trust boosted its holdings in shares of Stonegate Bank by 5.0% in 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 period. 65.17% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Marea Informative and is owned by of Marea Informative. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at http://www.mareainformativa.com/stonegate-bank-sgbk-receives-49-00-average-target-price-from-analysts/117514/.

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.

Receive News & Stock Ratings for Stonegate Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stonegate Bank and related stocks with our FREE daily email newsletter.