Signature Bank Hits New 52-Week High at $95.32 (SBNY)
Shares of Signature Bank (NASDAQ:SBNY) hit a new 52-week high on Monday, AR Network reports. The company traded as high as $95.32 and last traded at $94.99, with a volume of 131,758 shares trading hands. The stock had previously closed at $94.43.
A number of research firms have recently commented on SBNY. Analysts at Zacks downgraded shares of Signature Bank from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $97.20 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Signature Bank from $82.00 to $101.00 in a research note to investors on Wednesday, July 24th. They now have an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Signature Bank has an average rating of “Buy” and an average target price of $92.28.
Signature Bank has a one year low of $65.57 and a one year high of $95.32. The stock has a 50-day moving average of $90.41 and a 200-day moving average of $84.24. The company has a market cap of $4.498 billion and a P/E ratio of 22.32.
Signature Bank (NASDAQ:SBNY) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.04. During the same quarter in the previous year, the company posted $0.96 earnings per share. Analysts expect that Signature Bank will post $4.55 EPS for the current fiscal year.
Signature Bank (NASDAQ:SBNY) is a full-service commercial bank with 25 private client offices located in the New York metropolitan area serving the needs of privately owned business clients and their owners and senior managers.
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