Signature Bank Price Target Raised to $145.00 at Keefe, Bruyette & Woods (SBNY)
Analysts at Keefe, Bruyette & Woods lifted their price objective on shares of Signature Bank (NASDAQ:SBNY) from $142.00 to $145.00 in a research report issued to clients and investors on Wednesday. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 23.97% from the company’s current price.
Signature Bank (NASDAQ:SBNY) traded down 0.52% during mid-day trading on Wednesday, hitting $116.35. 430,247 shares of the company’s stock traded hands. Signature Bank has a 52-week low of $86.09 and a 52-week high of $133.09. The stock’s 50-day moving average is $122.7 and its 200-day moving average is $121.. The company has a market cap of $5.573 billion and a price-to-earnings ratio of 23.07.
Signature Bank (NASDAQ:SBNY) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $1.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.42 by $0.02. During the same quarter last year, the company posted $1.12 earnings per share. On average, analysts predict that Signature Bank will post $5.81 earnings per share for the current fiscal year.
SBNY has been the subject of a number of other recent research reports. Analysts at Maxim Group reiterated a “buy” rating on shares of Signature Bank in a research note on Wednesday. They now have a $140.00 price target on the stock. Separately, analysts at Sterne Agee upgraded shares of Signature Bank from a “neutral” rating to a “buy” rating in a research note on Monday, July 14th. They now have a $144.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Signature Bank in a research note on Thursday, May 29th. They now have a $138.00 price target on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Signature Bank presently has a consensus rating of “Buy” and an average target price of $135.55.
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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