Signature Bank (NASDAQ:SBNY) Stock Price Down 2.2% – Here’s Why

Signature Bank (NASDAQ:SBNYGet Free Report) shares traded down 2.2% during trading on Wednesday . The company traded as low as $0.3350 and last traded at $0.44. Approximately 2,694 shares were traded during mid-day trading, a decline of 95% from the average session volume of 58,332 shares. The stock had previously closed at $0.45.

Signature Bank Stock Performance

The company has a market cap of $21.08 million, a price-to-earnings ratio of 0.15 and a beta of 11.76. The company has a fifty day moving average of $0.53 and a two-hundred day moving average of $0.76.

Signature Bank Company Profile

(Get Free Report)

Signature Bank was a full-service commercial bank headquartered in New York City, founded in 2001. It focused on serving privately owned businesses, their owners and senior managers, real estate investors, and private equity firms. The bank operated through relationship-driven banking, providing deposit, lending and treasury management services to a range of corporate and individual clients.

Its core offerings included commercial real estate financing, business and industrial lending, and working capital solutions tailored to owner-managed enterprises.

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