Revenue Update on Stonegate Bank(NASDAQ:SGBK)

Stonegate Bank(NASDAQ:SGBK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $23.33M. Analysts estimated a revenue of $21.95M. Earnings per share were $0.54. Analysts had estimated an EPS of $0.52.

In a different note, On May 26, 2016, Sandler O’Neill said it Assumes its rating on Stonegate Bank. The shares have been rated ‘Buy’ by the firm.

Stonegate Bank (SGBK) shares turned negative on Fridays trading session with the shares closing down -0.29 points or -0.91% at a volume of 41,002. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.9. The peak price level was also seen at $31.9 while the days lowest was $31.56. Finally the shares closed at $31.69. The 52-week high of the shares is $34 while the 52-week low is $28.211. According to the latest information available, the market cap of the company is $401 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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