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A statement released earlier today by Hovde Group about Stonegate Bank (NASDAQ:SGBK) bumps the target price to $37.00

Hovde Group bumped up the target of Stonegate Bank (NASDAQ:SGBK) to $37.00 reporting a possible upside of 0.10%.

Yesterday Stonegate Bank (NASDAQ:SGBK) traded -0.27% lower at $33.50. The company’s 50-day moving average is $32.46 and its 200-day moving average is $31.46. The last stock close price is up 6.93% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 32,430 shares of the stock were exchanged, down from an average trading volume of 41,094

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Stonegate Bank (NASDAQ:SGBK)

Stonegate Bank has a 52 week low of $28.21 and a 52 week high of $34.00 with a price-earnings ratio of 16.03 Stonegate Bank’s market capitalization is presently $0.

General Company Details For Stonegate Bank (NASDAQ:SGBK)

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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