Hsbc Holdings PLC boosted its position in Signature Bank (NASDAQ:SBNY) by 134.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,071 shares of the bank’s stock after purchasing an additional 18,939 shares during the period. Hsbc Holdings PLC owned about 0.06% of Signature Bank worth $3,393,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Enlightenment Research LLC purchased a new position in shares of Signature Bank during the 4th quarter valued at about $93,000. ETF Managers Group LLC lifted its position in shares of Signature Bank by 15.5% during the 4th quarter. ETF Managers Group LLC now owns 914 shares of the bank’s stock valued at $94,000 after buying an additional 123 shares in the last quarter. Paradigm Asset Management Co. LLC purchased a new position in shares of Signature Bank during the 3rd quarter valued at about $115,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Signature Bank by 11.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,145 shares of the bank’s stock valued at $118,000 after buying an additional 118 shares in the last quarter. Finally, Lavaca Capital LLC purchased a new position in shares of Signature Bank during the 4th quarter valued at about $199,000. 92.96% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ SBNY opened at $134.46 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.97 and a current ratio of 0.98. Signature Bank has a 12 month low of $98.54 and a 12 month high of $157.13. The company has a market capitalization of $7.39 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 1.09 and a beta of 1.38.
Signature Bank (NASDAQ:SBNY) last posted its quarterly earnings results on Thursday, January 17th. The bank reported $2.94 EPS for the quarter, topping the Zacks’ consensus estimate of $2.79 by $0.15. Signature Bank had a return on equity of 14.70% and a net margin of 29.17%. The company had revenue of $340.95 million for the quarter, compared to analysts’ expectations of $331.47 million. During the same period in the previous year, the firm earned $2.43 EPS. As a group, equities analysts forecast that Signature Bank will post 11.42 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 1st were issued a $0.56 dividend. The ex-dividend date of this dividend was Thursday, January 31st. This represents a $2.24 dividend on an annualized basis and a yield of 1.67%. Signature Bank’s dividend payout ratio is presently 19.86%.
A number of research analysts have recently weighed in on SBNY shares. BidaskClub cut Signature Bank from a “buy” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Co reaffirmed a “buy” rating on shares of Signature Bank in a research report on Thursday. Hovde Group cut Signature Bank from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 2nd. Wedbush raised Signature Bank from a “neutral” rating to an “outperform” rating and set a $102.56 price objective on the stock in a research report on Friday, December 21st. Finally, ValuEngine raised Signature Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $141.33.
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Signature Bank Company Profile
Signature Bank provides various business and personal banking products and services. It accepts various deposit products, including commercial checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, interest-bearing and non-interest-bearing checking accounts, certificates of deposit, time deposits, and other cash management products.
See Also: Asset Allocation
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