Stephens reiterated their buy rating on shares of Signature Bank (NASDAQ:SBNY) in a research report report published on Friday.

Several other equities analysts have also recently weighed in on SBNY. FIG Partners reaffirmed an outperform rating and issued a $150.00 price target on shares of Signature Bank in a research report on Monday, October 2nd. Piper Jaffray Companies reaffirmed a hold rating and issued a $149.00 price target on shares of Signature Bank in a research report on Tuesday, January 9th. Barclays set a $145.00 price target on shares of Signature Bank and gave the company a buy rating in a research report on Wednesday, October 11th. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $142.00 price target on shares of Signature Bank in a research report on Tuesday, October 3rd. Finally, Wells Fargo & Co reaffirmed an outperform rating and issued a $150.00 price target (up previously from $137.00) on shares of Signature Bank in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $158.56.

Shares of Signature Bank (SBNY) traded up $6.39 on Friday, hitting $159.83. The stock had a trading volume of 695,038 shares, compared to its average volume of 307,984. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.91 and a current ratio of 0.97. The firm has a market cap of $8,237.12, a P/E ratio of 22.39, a PEG ratio of 1.38 and a beta of 1.02. Signature Bank has a 12 month low of $116.68 and a 12 month high of $164.23.

Signature Bank (NASDAQ:SBNY) last announced its quarterly earnings results on Thursday, January 18th. The bank reported $2.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.20. Signature Bank had a net margin of 25.71% and a return on equity of 12.72%. The business had revenue of $328.27 million for the quarter, compared to analysts’ expectations of $321.86 million. During the same quarter last year, the firm earned $2.11 EPS. equities research analysts predict that Signature Bank will post 10.35 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the business. YorkBridge Wealth Partners LLC lifted its position in shares of Signature Bank by 6.3% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 688 shares of the bank’s stock worth $100,000 after buying an additional 41 shares in the last quarter. People s United Financial Inc. lifted its position in shares of Signature Bank by 2.2% during the 2nd quarter. People s United Financial Inc. now owns 7,544 shares of the bank’s stock worth $1,083,000 after buying an additional 166 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Signature Bank by 0.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 65,819 shares of the bank’s stock worth $8,427,000 after buying an additional 478 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Signature Bank by 3.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 17,895 shares of the bank’s stock worth $2,291,000 after buying an additional 559 shares in the last quarter. Finally, Pictet Asset Management Ltd. lifted its position in shares of Signature Bank by 3.0% during the 3rd quarter. Pictet Asset Management Ltd. now owns 20,800 shares of the bank’s stock worth $2,663,000 after buying an additional 600 shares in the last quarter. 96.30% of the stock is currently owned by hedge funds and other institutional investors.

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About Signature Bank

Signature Bank is a full-service commercial bank. The Bank operates over 30 private client offices throughout the New York metropolitan area. Its segments include Commercial Banking and Specialty Finance. It offers a range of business and personal banking products and services. Its specialty finance subsidiary, Signature Financial LLC (Signature Financial), provides equipment finance and leasing services.

Analyst Recommendations for Signature Bank (NASDAQ:SBNY)

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