Signature Bank Price Target Raised to $109.00 at Deutsche Bank (SBNY)
Investment analysts at Deutsche Bank boosted their price objective on shares of Signature Bank (NASDAQ:SBNY) to $109.00 in a note issued to investors on Wednesday, Analyst Ratings Network.com reports. Deutsche Bank’s price objective points to a potential upside of 7.94% from the stock’s previous close.
A number of other analysts have also recently weighed in on SBNY. Analysts at Barclays raised their price target on shares of Signature Bank from $94.00 to $106.00 in a research note to investors on Wednesday. They now have an “equal weight” rating on the stock. Separately, 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 Zacks upgraded shares of Signature Bank from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, July 25th. They now have a $95.20 price target on the stock. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $94.68.
Signature Bank (NASDAQ:SBNY) traded up 0.33% on Wednesday, hitting $101.31. 210,088 shares of the company’s stock traded hands. Signature Bank has a one year low of $63.94 and a one year high of $95.29. The stock has a 50-day moving average of $90.5 and a 200-day moving average of $81.86. The company has a market cap of $4.788 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 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.18 by $0.07. During the same quarter last year, the company posted $1.00 earnings per share. On average, analysts predict that Signature Bank will post $4.56 earnings per share 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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