Signature Bank (NASDAQ:SBNY) has earned an average rating of “Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $125.69.

SBNY has been the subject of several recent analyst reports. BidaskClub upgraded shares of Signature Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Raymond James reduced their price objective on shares of Signature Bank from $168.00 to $137.00 and set a “strong-buy” rating for the company in a research note on Tuesday, March 10th. DA Davidson reduced their price objective on shares of Signature Bank from $102.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. UBS Group boosted their price objective on shares of Signature Bank from $91.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, BMO Capital Markets boosted their price objective on shares of Signature Bank from $100.00 to $115.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 6th.

Shares of NASDAQ:SBNY traded down $0.79 during trading hours on Friday, hitting $104.51. The company’s stock had a trading volume of 209,226 shares, compared to its average volume of 458,515. Signature Bank has a 52 week low of $68.98 and a 52 week high of $148.64. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.99 and a quick ratio of 0.98. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 1.18 and a beta of 1.79. The firm’s fifty day moving average price is $104.22 and its 200 day moving average price is $114.28.

Signature Bank (NASDAQ:SBNY) last posted its quarterly earnings results on Thursday, April 23rd. The bank reported $1.88 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.31). Signature Bank had a net margin of 27.75% and a return on equity of 11.50%. The business had revenue of $362.44 million during the quarter, compared to the consensus estimate of $343.96 million. During the same quarter in the prior year, the firm posted $2.69 EPS. On average, equities research analysts predict that Signature Bank will post 9.3 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. CWM Advisors LLC purchased a new stake in Signature Bank during the 1st quarter worth approximately $28,000. Procyon Private Wealth Partners LLC purchased a new stake in shares of Signature Bank in the 4th quarter valued at $32,000. Tower Research Capital LLC TRC boosted its holdings in shares of Signature Bank by 1,866.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 649 shares of the bank’s stock valued at $52,000 after acquiring an additional 616 shares during the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of Signature Bank in the 4th quarter valued at $55,000. Finally, Spirit of America Management Corp NY purchased a new stake in shares of Signature Bank in the 1st quarter valued at $153,000. 92.17% of the stock is currently owned by institutional investors.

Signature Bank Company Profile

Signature Bank provides various business and personal banking products and services. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products.

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Analyst Recommendations for Signature Bank (NASDAQ:SBNY)

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