Brinker Capital Inc Lowers stake in Stonegate Bank (SGBK)

Stonegate Bank (SGBK) : Brinker Capital Inc reduced its stake in Stonegate Bank by 66.76% during the most recent quarter end. The investment management company now holds a total of 114,234 shares of Stonegate Bank which is valued at $3,609,794 after selling 229,481 shares in Stonegate Bank , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Stonegate Bank makes up approximately 0.31% of Brinker Capital Inc’s portfolio.

Other Hedge Funds, Including , Harvest Capital Strategies reduced its stake in SGBK by selling 12,600 shares or 54.17% in the most recent quarter. The Hedge Fund company now holds 10,658 shares of SGBK which is valued at $336,793. Stonegate Bank makes up approx 0.06% of Harvest Capital Strategies’s portfolio.Banc Funds Co boosted its stake in SGBK in the latest quarter, The investment management firm added 7,479 additional shares and now holds a total of 483,496 shares of Stonegate Bank which is valued at $15,278,474. Stonegate Bank makes up approx 0.85% of Banc Funds Co’s portfolio.Tiaa Cref Investment Management boosted its stake in SGBK in the latest quarter, The investment management firm added 9,238 additional shares and now holds a total of 56,174 shares of Stonegate Bank which is valued at $1,775,098. Montgomery Investment Management Inc added SGBK to its portfolio by purchasing 10,305 company shares during the most recent quarter which is valued at $325,638. Stonegate Bank makes up approx 0.16% of Montgomery Investment Management Inc’s portfolio.Context Bh Capital Management Lp boosted its stake in SGBK in the latest quarter, The investment management firm added 2,940 additional shares and now holds a total of 26,906 shares of Stonegate Bank which is valued at $836,777. Stonegate Bank makes up approx 0.59% of Context Bh Capital Management Lp’s portfolio.

Stonegate Bank opened for trading at $32.5 and hit $32.63 on the upside on Thursday, eventually ending the session at $32.58, with a gain of 0.06% or 0.02 points. The heightened volatility saw the trading volume jump to 30,984 shares. Company has a market cap of $412 M.

Stonegate Bank provides a range of business and consumer financial services. The Bank also provides a range of banking services to individual and corporate customers. The Bank provides personal banking business banking and wealth management services. Its personal banking products include checking money market savings certificates of deposit individual retirement accounts (IRAs) consumer loans and residential mortgage loans. Its business banking products include checking money market savings certificates of deposit commercial loans cash management merchant credit card processing professional associations and non-profit organizations. Its wealth management offers asset management trust services estate planning insurance planning and retirement planning for business owners. The Bank offers contemporary products and services such as debit cards Internet banking and electronic bill payment services.

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