Signature Bank Stock Rating Upgraded by Keefe, Bruyette & Woods (SBNY)
Signature Bank (NASDAQ:SBNY) was upgraded by equities researchers at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $105.59.
Signature Bank (NASDAQ:SBNY) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.08. During the same quarter in the prior year, the company posted $1.05 earnings per share.
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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