Signature Bank (SBNY) – Weekly Investment Analyst Ratings Updates


A number of research firms have changed their ratings and price targets to Signature Bank (NASDAQ: SBNY):

  • 6/10/2022 – Signature Bank has had its price target lowered by analysts at Compass Point from $350.00 to $300.00. They now have a “buy” rating on the stock.
  • 6/7/2022 – Signature Bank has been downgraded by analysts to StockNews.com from a “hold” rating to a “sell” rating.
  • 6/6/2022 – Signature Bank has had its price target lowered by UBS Group AG analysts from $472.00 to $309.00. They now have a “buy” rating on the stock.
  • 05/31/2022 – Signature Bank has had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $377.00 to $265.00. They now have a “buy” rating on the stock.
  • 05/27/2022 – Signature Bank has had its price target lowered by Stephens analysts to $325.00.
  • 05/20/2022 – Signature Bank has had its price target lowered by Piper Sandler analysts from $375.00 to $325.00. They now have an “overweight” rating on the stock.
  • 05/16/2022 – Signature Bank has had its price target lowered by Raymond James analysts from $400.00 to $350.00.
  • 05/13/2022 – Signature Bank has been updated by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 05/05/2022 – Signature Bank has been downgraded by analysts to StockNews.com from a “hold” rating to a “sell” rating.
  • 04/20/2022 – Signature Bank has had its price target lowered by Raymond James analysts from $430.00 to $400.00. They now have a “Strong Buy” rating on the stock.
  • 04/20/2022 – Signature Bank has had its price target lowered by Wells Fargo & Company analysts from $435.00 to $408.00. They now have an “overweight” rating on the stock.
  • 04/20/2022 – Signature Bank has had its price target raised by JPMorgan Chase & Co. analysts from $440.00 to $460.00. They now have an “overweight” rating on the stock.
  • 04/20/2022 – Signature Bank has had its price target lowered by Wedbush analysts from $415.00 to $375.00. They now have a “buy” rating on the stock.

Shares of Signature Bank Stocks opened at $174.05 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt ratio of 0.37. Signature Bank has a 12-month low of $170.76 and a 12-month high of $374.76. The company has a 50-day moving average price of $232.46 and a 200-day moving average price of $290.03. The company has a market capitalization of $10.55 billion, a PE ratio of 10.18, a P/E/G ratio of 0.96 and a beta of 1.78.

Signature Bank (NASDAQ: SBNYGet a rating) last released its quarterly earnings data on Tuesday, April 19. The bank reported earnings per share (EPS) of $5.30 for the quarter, beating the consensus estimate of $4.31 by $0.99. The company posted revenue of $607.96 million for the quarter, versus $608.85 million expected by analysts. Signature Bank had a return on equity of 13.97% and a net margin of 43.29%. During the same period a year earlier, the company posted EPS of $3.24. On average, sell-side analysts expect Signature Bank to post EPS of 22.15 for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 13. Investors of record on Friday, April 29 received a dividend of $0.56. This represents a dividend of $2.24 on an annualized basis and a yield of 1.29%. The ex-dividend date was Thursday, April 28. Signature Bank’s dividend payout ratio is currently 13.11%.

Institutional investors and hedge funds have recently increased or reduced their stakes in the stock. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in Signature Bank in the first quarter valued at approximately $29,000. JCSD Capital LLC purchased a new stake in Signature Bank stock during the first quarter at a value of $29,000. Blume Capital Management Inc. purchased a new stake in Signature Bank stock during the first quarter for $29,000. Quent Capital LLC increased its position in Signature Bank shares by 152.5% during the first quarter. Quent Capital LLC now owns 101 shares of the bank worth $30,000 after acquiring 61 additional shares during the period. Finally, Cambridge Trust Co. increased its position in Signature Bank shares by 1,018.2% during the first quarter. Cambridge Trust Co. now owns 123 shares of the bank worth $36,000 after acquiring 112 additional shares during the period. Hedge funds and other institutional investors hold 96.17% of the company’s shares.

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 offers various loan products including commercial and industrial loans, real estate loans and letters of credit.

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