Capital Advisors Ltd. LLC grew its holdings in Signature Bank (NASDAQ:SBNY – Get 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 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
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.
- Get a free copy of the StockNews.com research report on Signature Bank (SBNY)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
- Why Apple Could Be At All-Time Highs By Year End
Receive News & Ratings for Signature Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signature Bank and related companies with MarketBeat.com's FREE daily email newsletter.