Q1 2018 Earnings Estimate for Signature Bank (SBNY) Issued By Jefferies Group

Signature Bank (NASDAQ:SBNY) – Equities research analysts at Jefferies Group raised their Q1 2018 earnings per share (EPS) estimates for shares of Signature Bank in a report released on Friday. Jefferies Group analyst C. Haire now expects that the bank will post earnings of $2.64 per share for the quarter, up from their previous forecast of $2.54. Jefferies Group currently has a “Buy” rating and a $155.00 target price on the stock. Jefferies Group also issued estimates for Signature Bank’s Q2 2018 earnings at $2.78 EPS, Q3 2018 earnings at $2.85 EPS, Q4 2018 earnings at $2.93 EPS, FY2018 earnings at $11.20 EPS and FY2019 earnings at $12.05 EPS.

A number of other research analysts also recently weighed in on SBNY. Stephens restated a “buy” rating on shares of Signature Bank in a report on Friday. Maxim Group raised their price target on shares of Signature Bank from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday. BMO Capital Markets raised their price target on shares of Signature Bank to $192.00 and gave the company an “outperform” rating in a report on Friday. Wells Fargo & Co restated an “outperform” rating and set a $150.00 price target (up previously from $137.00) on shares of Signature Bank in a report on Tuesday, January 9th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $149.00 price target on shares of Signature Bank in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. Signature Bank has a consensus rating of “Buy” and a consensus target price of $158.56.

Shares of Signature Bank (SBNY) opened at $159.83 on Monday. Signature Bank has a 12-month low of $116.68 and a 12-month high of $164.23. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.97 and a quick ratio of 0.91. The stock has a market cap of $8,580.15, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.02.

Signature Bank (NASDAQ:SBNY) last released its earnings results on Thursday, January 18th. The bank reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.20. Signature Bank had a net margin of 25.71% and a return on equity of 12.72%. The company had revenue of $328.27 million during the quarter, compared to the consensus estimate of $321.86 million. During the same quarter in the prior year, the firm earned $2.11 EPS.

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Signature Bank by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 4,277,955 shares of the bank’s stock valued at $614,014,000 after buying an additional 54,545 shares during the last quarter. Capital Research Global Investors grew its stake in Signature Bank by 2.6% in the 2nd quarter. Capital Research Global Investors now owns 2,894,365 shares of the bank’s stock valued at $415,428,000 after buying an additional 72,806 shares during the last quarter. State Street Corp grew its stake in Signature Bank by 0.4% in the 2nd quarter. State Street Corp now owns 2,624,668 shares of the bank’s stock valued at $376,718,000 after buying an additional 9,285 shares during the last quarter. Harding Loevner LP grew its stake in Signature Bank by 138.0% in the 3rd quarter. Harding Loevner LP now owns 1,802,550 shares of the bank’s stock valued at $94,865,000 after buying an additional 1,045,206 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in Signature Bank by 44.6% in the 3rd quarter. Nordea Investment Management AB now owns 1,419,824 shares of the bank’s stock valued at $181,794,000 after buying an additional 437,670 shares during the last quarter. Institutional investors and hedge funds own 96.30% of the company’s stock.

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Signature Bank Company Profile

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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