Shares of Signature Bank (NASDAQ:SBNY – Get Free Report) shot up 9.4% on Friday . The company traded as high as $0.35 and last traded at $0.35. Approximately 615 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 114,492 shares. The stock had previously closed at $0.32.
Signature Bank Stock Performance
The company has a market cap of $22.03 million, a price-to-earnings ratio of 0.15 and a beta of 11.88. The business has a fifty day moving average price of $0.42 and a 200 day moving average price of $0.60.
About Signature Bank
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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