Capital Advisors Ltd. LLC Has $144,000 Stock Holdings in Signature Bank (NASDAQ:SBNY)

Capital Advisors Ltd. LLC grew its holdings in Signature Bank (NASDAQ:SBNYGet Rating) by 34.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 491 shares of the bank’s stock after purchasing an additional 126 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Signature Bank were worth $144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Lake Street Financial LLC acquired a new position in shares of Signature Bank in the 1st quarter valued at about $1,815,000. Leeward Investments LLC MA acquired a new position in shares of Signature Bank in the 1st quarter valued at about $22,430,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Signature Bank by 10.8% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,708 shares of the bank’s stock valued at $9,012,000 after buying an additional 2,992 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in Signature Bank in the 1st quarter valued at about $675,000. Finally, Qube Research & Technologies Ltd bought a new stake in Signature Bank in the 1st quarter valued at about $7,546,000. 96.17% of the stock is owned by institutional investors and hedge funds.

Signature Bank Price Performance

Shares of NASDAQ SBNY opened at $187.28 on Friday. Signature Bank has a twelve month low of $165.36 and a twelve month high of $374.76. The stock’s 50 day moving average price is $190.35 and its 200-day moving average price is $251.88. The company has a market capitalization of $11.35 billion, a PE ratio of 9.97, a PEG ratio of 0.90 and a beta of 1.73. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.27.

Signature Bank (NASDAQ:SBNYGet Rating) last announced its earnings results on Tuesday, July 19th. The bank reported $5.26 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.21. Signature Bank had a return on equity of 15.02% and a net margin of 43.86%. During the same period in the prior year, the firm posted $3.57 EPS. On average, equities analysts anticipate that Signature Bank will post 21.81 EPS for the current year.

Signature Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, July 29th will be paid a $0.56 dividend. The ex-dividend date is Thursday, July 28th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.20%. Signature Bank’s payout ratio is presently 11.93%.

Analysts Set New Price Targets

A number of analysts recently commented on SBNY shares. Wedbush decreased their target price on Signature Bank from $415.00 to $375.00 and set a “buy” rating for the company in a research report on Wednesday, April 20th. UBS Group decreased their target price on Signature Bank from $309.00 to $288.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Stephens decreased their target price on Signature Bank to $240.00 in a research report on Friday, July 22nd. TheStreet lowered Signature Bank from a “b” rating to a “c+” rating in a research report on Wednesday, July 13th. Finally, Maxim Group decreased their target price on Signature Bank from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Signature Bank has an average rating of “Buy” and a consensus target price of $298.69.

About Signature Bank

(Get Rating)

Signature Bank provides commercial banking products and services. It accepts various deposit products, including checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, certificates of deposit, and other cash management products. The company provides various lending products comprising commercial and industrial loans, real estate loans, and letters of credit.

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

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