Signature Bank (NASDAQ:SBNY) Stock Price Breaks Above 50-Day Moving Average – What’s Next?

Signature Bank (NASDAQ:SBNY – Get Free Report) crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $0.25 and traded as high as $0.2650. Signature Bank shares last traded at $0.2650, with a volume of 2,918,505 shares trading hands.

Signature Bank Price Performance

The stock has a market capitalization of $16.68 million, a P/E ratio of 0.15 and a beta of 12.61. The company’s 50-day simple moving average is $0.25 and its 200-day simple moving average is $0.50.

Signature Bank Company Profile

(Get Free Report)

Signature Bank was a New York-based full-service commercial bank that served privately owned businesses, their owners and senior managers. Founded in 2001, the bank provided relationship-based banking through private client banking teams and operated primarily in the New York metropolitan area, with additional offices in California and North Carolina.

The bank offered business and personal deposit accounts, commercial lending, commercial real estate financing, multifamily and construction loans, wealth management, and other banking services.

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