November 30, 2016 - By Nellie Frank
Raymond James has initiated its coverage on Stonegate Bank (SGBK), today Wednesday morning. The firm finds the stock of Stonegate Bank (SGBK) attractive and has given it “Mkt Perform” rating.
About 1,312 shares traded hands. Stonegate Bank (SGBK) has risen 25.82% since April 27, 2016 and is uptrending. It has outperformed by 20.59% the S&P500.
Analysts await Stonegate Bank (NASDAQ:SGBK) to report earnings on January, 26. They expect $0.57 earnings per share, up 1.79% or $0.01 from last year’s $0.56 per share. SGBK’s profit will be $8.17M for 17.69 P/E if the $0.57 EPS becomes a reality. After $0.55 actual earnings per share reported by Stonegate Bank for the previous quarter, Wall Street now forecasts 3.64% EPS growth.
Stonegate Bank is a state chartered commercial bank in the State of Florida. The company has a market cap of $578.38 million. The Bank provides a full range of banking services to individual and corporate clients from its branch locations in Southeast and West Florida. It has a 19.46 P/E ratio. The Bank provides personal banking, business banking and wealth management services.
According to Zacks Investment Research, “Stonegate Bank, headquartered in Fort Lauderdale, Florida, provides various commercial and private banking services. It offers a range of products, including checking accounts, money market accounts, savings accounts, lines of credit, term loans, commercial mortgage loans, construction lending, commercial services, express banking, and check cards. The bank also provides credit cards, certificates of deposit, individual retirement accounts, and residential mortgages. In addition, the bank offers financial planning and asset management services for high net worth individuals and businesses, including portfolio management, estate planning, retirement plans, tax reduction strategies, asset allocation, risk management, and insurance analysis.”
Stonegate Bank (the Bank), incorporated on January 13, 2005, is a state chartered commercial bank in the State of Florida. The Bank provides a full range of banking services to individual and corporate clients from its branch locations in Southeast and West Florida. The Bank provides personal banking, business banking and wealth management services. The Company’s personal banking services include checking account, money market, savings account, certificate of deposits, individual retirement accounts, consumer loans and residential mortgage loans. The Company’s personal banking additional services include online banking, mobile banking, courier service, wire transfers, official checks, travelers checks, foreign currency, automatic loan payments, safe deposit boxes, night depository, automated teller machines, check imaging, notary service, direct deposit, bank by mail and reorder checks online. It also offers card services, such as credit cards and debit cards. The Company’s wealth management services include asset management, trust services, estate planning, insurance planning and retirement planning for business owners.
More notable recent Stonegate Bank (NASDAQ:SGBK) news were published by: Miamiherald.com which released: “Stonegate Bank begins offering credit cards that will work in Cuba” on June 15, 2016, also Miamiherald.com with their article: “Stonegate Bank to acquire Sarasota competitor in $36.5 million deal” published on August 25, 2016, Miamiherald.com published: “U.S. travelers in Cuba can now use Stonegate Bank debit card” on November 19, 2015. More interesting news about Stonegate Bank (NASDAQ:SGBK) were released by: Sun-Sentinel.com and their article: “Stonegate Bank to acquire Davie-based Regent Bank” published on April 26, 2016 as well as Miamiherald.com‘s news article titled: “Stonegate Bank should be ready to handle transactions with Cuba in three to …” with publication date: July 23, 2015.
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By Nellie Frank