Signature Bank Given New $117.00 Price Target at Jefferies Group (SBNY)
Jefferies Group lifted their target price on shares of Signature Bank (NASDAQ:SBNY) from $104.00 to $117.00 in a research note issued on Wednesday, American Banking News.com reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 14.74% from the company’s current price.
Signature Bank (NASDAQ:SBNY) traded up 0.98% on Wednesday, hitting $101.97. The stock had a trading volume of 318,376 shares. Signature Bank has a 1-year low of $63.94 and a 1-year high of $95.29. The stock’s 50-day moving average is $90.5 and its 200-day moving average is $81.86. The company has a market cap of $4.819 billion and a P/E ratio of 23.87.
Signature Bank (NASDAQ:SBNY) last released its earnings data on Tuesday, October 22nd. The company reported $1.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.07. During the same quarter in the previous year, the company posted $1.00 earnings per share. Analysts expect that Signature Bank will post $4.56 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Signature Bank from $102.00 to $107.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Signature Bank in a research note to investors on Wednesday. They now have a $100.00 price target on the stock, down previously from $109.00. Finally, analysts at Deutsche Bank raised their price target on shares of Signature Bank from $100.00 to $109.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $96.68.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.