Signature Bank (NASDAQ: SBNY) has recently received a number of price target changes and ratings updates:

  • 9/16/2016 – Signature Bank was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Signature Bank is a full service commercial bank with ten private client offices located in the New York metropolitan area serving the needs of privately owned business clients and their owners and senior managers. The bank offers a wide variety of business and personal banking products and services through the bank as well as investment, brokerage, asset management and insurance products and services through its subsidiary, Signature Securities Group Corporation, a licensed broker-dealer and investment adviser. “
  • 9/10/2016 – Signature Bank was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Signature Bank is a full service commercial bank with ten private client offices located in the New York metropolitan area serving the needs of privately owned business clients and their owners and senior managers. The bank offers a wide variety of business and personal banking products and services through the bank as well as investment, brokerage, asset management and insurance products and services through its subsidiary, Signature Securities Group Corporation, a licensed broker-dealer and investment adviser. “
  • 9/9/2016 – Signature Bank had its price target lowered by analysts at Jefferies Group from $150.00 to $149.00. They now have a “buy” rating on the stock.
  • 9/3/2016 – Signature Bank was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Signature Bank is a full service commercial bank with ten private client offices located in the New York metropolitan area serving the needs of privately owned business clients and their owners and senior managers. The bank offers a wide variety of business and personal banking products and services through the bank as well as investment, brokerage, asset management and insurance products and services through its subsidiary, Signature Securities Group Corporation, a licensed broker-dealer and investment adviser. “
  • 7/26/2016 – Signature Bank was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Signature Bank is a full service commercial bank with ten private client offices located in the New York metropolitan area serving the needs of privately owned business clients and their owners and senior managers. The bank offers a wide variety of business and personal banking products and services through the bank as well as investment, brokerage, asset management and insurance products and services through its subsidiary, Signature Securities Group Corporation, a licensed broker-dealer and investment adviser. “

Signature Bank (NASDAQ:SBNY) traded up 0.42% during midday trading on Friday, reaching $116.35. 294,808 shares of the company traded hands. Signature Bank has a one year low of $114.16 and a one year high of $163.15. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 15.06 and a beta of 1.01. The stock’s 50 day moving average is $118.46 and its 200 day moving average is $129.07.

Signature Bank (NASDAQ:SBNY) last released its quarterly earnings data on Wednesday, July 20th. The company reported $1.90 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by $0.07. Signature Bank had a net margin of 32.08% and a return on equity of 12.89%. During the same quarter in the previous year, the company earned $1.77 EPS. On average, equities analysts anticipate that Signature Bank will post $8.00 earnings per share for the current year.

Signature Bank (the Bank) is a full-service commercial bank. The Bank operates over 30 private client offices throughout the New York metropolitan area, including those in Manhattan, Brooklyn, Westchester, Long Island, Queens, the Bronx, Staten Island and Connecticut. The Bank offers a range of business and personal banking products and services.

5 Day Chart for NASDAQ:SBNY

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