Signature Bank PT Raised to $140.00 (SBNY)
Equities research analysts at Maxim Group lifted their target price on shares of Signature Bank (NASDAQ:SBNY) from $125.00 to $140.00 in a research note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Maxim Group’s price objective would suggest a potential upside of 11.93% from the company’s current price.
A number of other analysts have also recently weighed in on SBNY. Analysts at Guggenheim upgraded shares of Signature Bank from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at Keefe, Bruyette & Woods upgraded shares of Signature Bank from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $106.02.
Shares of Signature Bank (NASDAQ:SBNY) opened at 125.08 on Wednesday. Signature Bank has a 52 week low of $70.58 and a 52 week high of $125.96. The stock’s 50-day moving average is $107.2 and its 200-day moving average is $97.79. The company has a market cap of $5.914 billion and a price-to-earnings ratio of 24.58.
Signature Bank (NASDAQ:SBNY) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.26 by $0.08. During the same quarter in the previous year, the company posted $1.05 earnings per share. On average, analysts predict that Signature Bank will post $4.69 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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