Seidman Lawrence B buys $18,543,005 stake in Stonegate Bank (SGBK)

Stonegate Bank (SGBK) : Seidman Lawrence B scooped up 128 additional shares in Stonegate Bank during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 583,664 shares of Stonegate Bank which is valued at $18,543,005.Stonegate Bank makes up approximately 12.26% of Seidman Lawrence B’s portfolio.

Other Hedge Funds, Including , Investment Counselors Of Maryland added SGBK to its portfolio by purchasing 345,108 company shares during the most recent quarter which is valued at $10,964,081. Stonegate Bank makes up approx 0.57% of Investment Counselors Of Maryland’s portfolio.Mesirow Financial Investment Management – Equity Management reduced its stake in SGBK by selling 718 shares or 6.67% in the most recent quarter. The Hedge Fund company now holds 10,046 shares of SGBK which is valued at $319,161. Stonegate Bank makes up approx 0.02% of Mesirow Financial Investment Management – Equity Management’s portfolio.First Trust Advisors Lp boosted its stake in SGBK in the latest quarter, The investment management firm added 525 additional shares and now holds a total of 12,658 shares of Stonegate Bank which is valued at $394,930. First Quadrant L Pca added SGBK to its portfolio by purchasing 1,800 company shares during the most recent quarter which is valued at $57,816.

Stonegate Bank closed down -0.12 points or -0.38% at $31.53 with 1,54,522 shares getting traded on Wednesday. Post opening the session at $31.6, the shares hit an intraday low of $31.41 and an intraday high of $31.8 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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