Signature Bank (NASDAQ:SBNYP – Get Free Report) shares dropped 1.8% during mid-day trading on Wednesday . The stock traded as low as $2.75 and last traded at $2.75. Approximately 2,800 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 119,613 shares. The stock had previously closed at $2.80.
Signature Bank Stock Down 17.1%
The firm’s 50-day moving average price is $3.17 and its two-hundred day moving average price is $4.00.
Signature Bank Company Profile
Signature Bank (NASDAQ: SBNYP) is a full-service commercial bank headquartered in New York, New York. Since its founding in 2001, the bank has focused on delivering relationship-based banking and lending solutions to privately owned businesses, their owners and senior managers. With a strong emphasis on client service, Signature Bank has built a reputation for personalized attention and rapid decision-making in its core markets.
The bank’s product suite includes commercial real estate lending, working capital financing, commercial deposit accounts and treasury management services.
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