California Public Employees Retirement System Buys 6,100 Shares of Stonegate Bank (NASDAQ:SGBK)

California Public Employees Retirement System boosted its stake in Stonegate Bank (NASDAQ:SGBK) by 19.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,000 shares of the bank’s stock after buying an additional 6,100 shares during the period. California Public Employees Retirement System owned approximately 0.27% of Stonegate Bank worth $1,789,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in Stonegate Bank by 39.7% in the fourth quarter. State Street Corp now owns 232,847 shares of the bank’s stock valued at $9,718,000 after buying an additional 66,168 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Stonegate Bank by 40.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 223,219 shares of the bank’s stock worth $9,315,000 after buying an additional 63,881 shares during the period. AQR Capital Management LLC boosted its position in Stonegate Bank by 468.0% in the fourth quarter. AQR Capital Management LLC now owns 34,818 shares of the bank’s stock worth $1,453,000 after buying an additional 28,688 shares during the period. Teachers Advisors LLC boosted its position in Stonegate Bank by 6.9% in the fourth quarter. Teachers Advisors LLC now owns 19,901 shares of the bank’s stock worth $830,000 after buying an additional 1,278 shares during the period. Finally, Highbridge Capital Management LLC boosted its position in Stonegate Bank by 163.2% in the fourth quarter. Highbridge Capital Management LLC now owns 17,627 shares of the bank’s stock worth $736,000 after buying an additional 10,931 shares during the period. 57.01% of the stock is owned by institutional investors and hedge funds.

Stonegate Bank (NASDAQ:SGBK) traded down 0.24% on Friday, hitting $46.56. 60,645 shares of the stock were exchanged. Stonegate Bank has a 52-week low of $31.35 and a 52-week high of $48.53. The company has a 50-day moving average price of $46.41 and a 200-day moving average price of $46.19. The firm has a market cap of $713.25 million, a PE ratio of 21.44 and a beta of 0.45.

Stonegate Bank (NASDAQ:SGBK) last released its earnings results on Friday, July 28th. The bank reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.02. The company had revenue of $29.68 million during the quarter, compared to the consensus estimate of $32.35 million. On average, equities research analysts anticipate that Stonegate Bank will post $2.44 EPS for the current fiscal year.

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A number of 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. ValuEngine raised shares of Stonegate Bank from a “hold” rating to a “buy” rating in a report on Thursday, June 8th. Finally, Zacks Investment Research cut shares of Stonegate Bank from a “buy” rating to a “hold” rating in a report on Wednesday, May 17th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $49.33.

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.

Institutional Ownership by Quarter for Stonegate Bank (NASDAQ:SGBK)

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