Signature Bank (SBNY) Announces Quarterly Results
Signature Bank (NASDAQ:SBNY) announced its earnings results on Tuesday. The company reported $1.34 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.26 by $0.08, AnalystRatings.Net reports.
Signature Bank (NASDAQ:SBNY) opened at 110.10 on Tuesday. Signature Bank has a 52 week low of $70.58 and a 52 week high of $111.56. The stock’s 50-day moving average is $106.7 and its 200-day moving average is $97.33. The company has a market cap of $5.205 billion and a price-to-earnings ratio of 24.52.
A number of research firms have recently commented on SBNY. Analysts at Guggenheim raised their price target on shares of Signature Bank from $109.00 to $115.00 in a research note to investors on Tuesday, January 14th. They now have a “neutral” rating on the stock. On the ratings front, analysts at Deutsche Bank raised their price target on shares of Signature Bank from $109.00 to $120.00 in a research note to investors on Wednesday, January 8th. They now have a “buy” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Signature Bank from $106.00 to $115.00 in a research note to investors on Monday, January 6th. They now have an “equal weight” rating on the stock. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $105.09.
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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