Signature Bank (NASDAQ:SBNY) – Investment analysts at FIG Partners upped their FY2017 earnings per share (EPS) estimates for Signature Bank in a report issued on Friday. FIG Partners analyst D. Bishop now anticipates that the bank will earn $7.23 per share for the year, up from their prior forecast of $7.07. FIG Partners has a “Outperform” rating and a $150.00 price target on the stock. FIG Partners also issued estimates for Signature Bank’s Q4 2017 earnings at $2.24 EPS, Q1 2018 earnings at $2.23 EPS, Q2 2018 earnings at $2.28 EPS, Q3 2018 earnings at $2.35 EPS, Q4 2018 earnings at $2.45 EPS, FY2018 earnings at $9.32 EPS, Q2 2019 earnings at $2.54 EPS, Q3 2019 earnings at $2.66 EPS and FY2019 earnings at $10.42 EPS.

SBNY has been the subject of a number of other reports. Jefferies Group LLC reiterated a “buy” rating and set a $169.00 price target on shares of Signature Bank in a report on Wednesday, June 28th. Keefe, Bruyette & Woods restated a “buy” rating and set a $158.00 target price on shares of Signature Bank in a report on Friday, July 14th. Piper Jaffray Companies restated a “neutral” rating and set a $140.00 target price on shares of Signature Bank in a report on Friday, October 13th. BMO Capital Markets upgraded Signature Bank from a “market perform” rating to an “outperform” rating in a report on Friday. Finally, Wedbush cut Signature Bank from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $157.00 to $126.00 in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $154.13.

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Shares of Signature Bank (NASDAQ:SBNY) opened at 134.13 on Monday. Signature Bank has a 12-month low of $114.29 and a 12-month high of $164.23. The company has a market capitalization of $7.26 billion, a P/E ratio of 21.49 and a beta of 0.96. The company has a 50 day moving average price of $124.72 and a 200 day moving average price of $135.35.

Signature Bank (NASDAQ:SBNY) last released its quarterly earnings data on Thursday, October 19th. The bank reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.10. The firm had revenue of $316.94 million during the quarter, compared to the consensus estimate of $322.22 million. Signature Bank had a return on equity of 12.58% and a net margin of 26.40%. During the same period in the previous year, the company posted $2.11 earnings per share.

A number of hedge funds have recently bought and sold shares of the business. Tudor Investment Corp ET AL raised its position in Signature Bank by 0.6% in the 1st quarter. Tudor Investment Corp ET AL now owns 2,418 shares of the bank’s stock valued at $359,000 after purchasing an additional 14 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in Signature Bank by 1.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,406 shares of the bank’s stock valued at $202,000 after purchasing an additional 21 shares in the last quarter. Cadence Capital Management LLC raised its position in Signature Bank by 1.1% in the 2nd quarter. Cadence Capital Management LLC now owns 2,118 shares of the bank’s stock valued at $304,000 after purchasing an additional 23 shares in the last quarter. Boston Private Wealth LLC raised its position in Signature Bank by 0.3% in the 2nd quarter. Boston Private Wealth LLC now owns 7,568 shares of the bank’s stock valued at $1,086,000 after purchasing an additional 25 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in Signature Bank by 0.7% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 6,120 shares of the bank’s stock valued at $909,000 after purchasing an additional 40 shares in the last quarter. 95.77% of the stock is currently owned by institutional investors.

About Signature Bank

Signature Bank is a full-service commercial bank. The Bank operates over 30 private client offices throughout the New York metropolitan area. Its segments include Commercial Banking and Specialty Finance. It offers a range of business and personal banking products and services. Its specialty finance subsidiary, Signature Financial LLC (Signature Financial), provides equipment finance and leasing services.

Earnings History and Estimates for Signature Bank (NASDAQ:SBNY)

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