Public Employees Retirement Association of Colorado cut its position in shares of Signature Bank (NASDAQ:SBNY) by 4.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,535 shares of the company’s stock after selling 541 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Signature Bank were worth $1,366,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SBNY. CI Global Investments Inc. boosted its position in shares of Signature Bank by 331.5% in the second quarter. CI Global Investments Inc. now owns 1,186,987 shares of the company’s stock worth $148,278,000 after buying an additional 911,927 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt boosted its position in shares of Signature Bank by 23.4% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 2,166,200 shares of the company’s stock worth $270,537,000 after buying an additional 411,200 shares during the last quarter. Conatus Capital Management LP boosted its position in shares of Signature Bank by 65.1% in the second quarter. Conatus Capital Management LP now owns 840,825 shares of the company’s stock worth $105,036,000 after buying an additional 331,645 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Signature Bank by 14.5% in the second quarter. William Blair Investment Management LLC now owns 1,850,869 shares of the company’s stock worth $231,211,000 after buying an additional 233,889 shares during the last quarter. Finally, Harding Loevner LP boosted its position in shares of Signature Bank by 26.8% in the third quarter. Harding Loevner LP now owns 1,005,696 shares of the company’s stock worth $119,124,000 after buying an additional 212,382 shares during the last quarter. Institutional investors own 93.49% of the company’s stock.

Institutional Ownership by Quarter for Signature Bank (NASDAQ:SBNY)

Signature Bank (NASDAQ:SBNY) traded up 0.27% during trading on Wednesday, reaching $149.91. The firm’s 50 day moving average price is $129.22 and its 200-day moving average price is $125.12. Signature Bank has a 52-week low of $113.53 and a 52-week high of $163.15. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 20.67 and a beta of 0.78.

Signature Bank (NASDAQ:SBNY) last posted its quarterly earnings results on Thursday, October 20th. The company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.07. Signature Bank had a net margin of 29.21% and a return on equity of 12.70%. During the same quarter last year, the business earned $1.88 earnings per share. Equities research analysts anticipate that Signature Bank will post $7.35 earnings per share for the current year.

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SBNY has been the subject of a number of research reports. Barclays PLC upgraded Signature Bank from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $150.00 to $139.00 in a research note on Wednesday, September 28th. Zacks Investment Research raised Signature Bank from a “sell” rating to a “hold” rating in a research report on Saturday, September 10th. BMO Capital Markets lowered Signature Bank from an “outperform” rating to a “market perform” rating and set a $128.00 target price for the company. in a research report on Friday, October 21st. Deutsche Bank AG reaffirmed a “buy” rating and set a $153.00 target price on shares of Signature Bank in a research report on Friday, October 21st. Finally, Jefferies Group lowered their target price on Signature Bank from $150.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $151.81.

About Signature Bank

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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