Signature Bank (NASDAQ:SBNY) – Research analysts at Jefferies Group lifted their FY2018 EPS estimates for Signature Bank in a research report issued to clients and investors on Monday. Jefferies Group analyst C. Haire now forecasts that the bank will post earnings per share of $10.80 for the year, up from their previous estimate of $9.35. Jefferies Group has a “Buy” rating and a $155.00 price objective on the stock. Jefferies Group also issued estimates for Signature Bank’s FY2019 earnings at $11.80 EPS.

Other equities research analysts also recently issued research reports about the company. TheStreet raised Signature Bank from a “c+” rating to a “b” rating in a research report on Wednesday, November 29th. BMO Capital Markets reaffirmed a “buy” rating and set a $163.00 price objective on shares of Signature Bank in a research report on Wednesday, December 20th. Barclays set a $145.00 price objective on Signature Bank and gave the company a “buy” rating in a research report on Wednesday, October 11th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $142.00 price objective on shares of Signature Bank in a research report on Tuesday, October 3rd. Finally, Bank of America reaffirmed a “buy” rating and set a $165.00 price objective (down previously from $175.00) on shares of Signature Bank in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $155.19.

Signature Bank (NASDAQ:SBNY) traded up $2.90 on Wednesday, hitting $142.01. The stock had a trading volume of 301,500 shares, compared to its average volume of 324,650. Signature Bank has a fifty-two week low of $116.68 and a fifty-two week high of $164.23. The company has a market cap of $8,030.00, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.71.

Signature Bank (NASDAQ:SBNY) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.10. Signature Bank had a return on equity of 12.58% and a net margin of 26.40%. The business had revenue of $316.94 million for the quarter, compared to the consensus estimate of $322.22 million. During the same quarter in the prior year, the company earned $2.11 EPS.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Signature Bank by 1.3% during the second quarter. Vanguard Group Inc. now owns 4,277,955 shares of the bank’s stock valued at $614,014,000 after acquiring an additional 54,545 shares in the last quarter. Capital Research Global Investors raised its position in Signature Bank by 2.6% during the second quarter. Capital Research Global Investors now owns 2,894,365 shares of the bank’s stock valued at $415,428,000 after acquiring an additional 72,806 shares in the last quarter. State Street Corp raised its position in Signature Bank by 0.4% during the second quarter. State Street Corp now owns 2,624,668 shares of the bank’s stock valued at $376,718,000 after acquiring an additional 9,285 shares in the last quarter. Harding Loevner LP raised its position in Signature Bank by 138.0% during the third quarter. Harding Loevner LP now owns 1,802,550 shares of the bank’s stock valued at $94,865,000 after acquiring an additional 1,045,206 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in Signature Bank by 44.6% during the third quarter. Nordea Investment Management AB now owns 1,419,824 shares of the bank’s stock valued at $181,794,000 after acquiring an additional 437,670 shares in the last quarter. Institutional investors own 96.30% of the company’s stock.

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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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