Signature Bank (NASDAQ:SBNY) will release its earnings data before the market opens on Tuesday, January 21st. Analysts expect Signature Bank to post earnings of $2.69 per share for the quarter.
Signature Bank (NASDAQ:SBNY) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $2.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.70 by $0.05. Signature Bank had a net margin of 31.37% and a return on equity of 13.09%. The business had revenue of $334.00 million during the quarter, compared to analysts’ expectations of $339.14 million. During the same period in the previous year, the company earned $2.84 earnings per share. On average, analysts expect Signature Bank to post $11 EPS for the current fiscal year and $11 EPS for the next fiscal year.
Shares of Signature Bank stock opened at $137.12 on Wednesday. The firm has a fifty day simple moving average of $132.72 and a 200-day simple moving average of $124.13. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.05. Signature Bank has a 1-year low of $108.80 and a 1-year high of $138.23. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.14 and a beta of 1.38.
A number of equities analysts recently issued reports on SBNY shares. BidaskClub raised shares of Signature Bank from a “hold” rating to a “buy” rating in a research report on Friday, December 13th. Hovde Group raised shares of Signature Bank from a “market perform” rating to an “outperform” rating and set a $140.00 target price on the stock in a research report on Wednesday, November 20th. Wells Fargo & Co dropped their target price on shares of Signature Bank from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Morgan Stanley boosted their target price on shares of Signature Bank from $143.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, ValuEngine raised shares of Signature Bank from a “strong sell” rating to a “sell” rating in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $138.89.
About Signature Bank
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.
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